The Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the previous quarter and marking the fastest rate of growth in 18 quarters.

Amazon projected its 2026 capex will reach $200 billion, and some analysts believe the total could rise in the face of surging artificial intelligence demand.

Amazon reports Q2 2026 earnings with AWS revenue expected at $40.5B and $200B in capital spending on AI infrastructure. Here's what it means for