Amazon Raised 2026 CapEx by $20 Billion— but CEO Andy Jassy Won't Say How It's Paying for It: 'Nothing to

Just weeks after its latest bond sale, Amazon.com Inc.

(NASDAQ:AMZN) told Wall Street it now needs an additional $20 billion in capex beyond its original plan.

On Thursday, CEO Andy Jassy announced the e-commerce giant is raising its 2026 capital spending target from $200 billion to $220 billion, due to soaring memory chip prices.

During the second-quarter earnings call, when an analyst asked about Amazon's funding strategy for future AI and infrastructure expansion, Jassy demurred: "Nothing to share today." Jassy said Amazon has already tapped the debt markets this year and still has multiple financing options available as it continues investing in Amazon Web Services (AWS) growth, adding that the company will choose the most appropriate funding method when needed.

The CEO said that even with $220 billion in capital spending, Amazon still won't have enough capacity to meet all customer demand this year.