AMZN · 8-K · 20260730PR000024
AI Infrastructure Investment
AMAZON COM INC · 2026-07-30 · Importance 84 · Surprise 74
Trailing-twelve-month purchases of property and equipment, net of sales and incentives, increased 64% year over year to $169.0 billion. The company said the $66.1 billion year-over-year increase in property-and-equipment purchases primarily reflected investments in artificial intelligence. Trailing-twelve-month free cash flow shifted to a $7.6 billion outflow from an $18.2 billion inflow, despite operating cash flow increasing 33% to $161.4 billion. Amazon reported that its AI business and chips business each exceeded $25 billion in annualized revenue run rate and that both were growing at triple-digit percentages year over year.