Amazon has increased its capital spending outlook for 2026 to $220 billion (£163bn), a rise it attributed to surging memory prices, as it buys AI servers and builds data centres.
The company had earlier predicted a spend of $200bn, as it seeks to maintain its leading position in the cloud market.
Spending on capital projects, mostly related to AI infrastructure, caused Amazon’s free cash flow to fall into a negative $7.6bn for the trailing twelve months, down from a positive $18.2bn a year earlier, the e-commerce giant said on a call with analysts.
Image credit: Amazon
Rising expenditures
