AMZN · 10-Q · 2026Q1 · Full report
M&A / Strategic Investment (OpenAI)
AMAZON COM INC · 2026-04-30 · Importance 96 · Surprise 100 · In source text
In Q1 2026, Amazon invested $15.0 billion in OpenAI’s Series C Preferred Stock and entered into an equity commitment letter to purchase an additional $35.0 billion of OpenAI’s Series C Preferred Stock, subject to certain conditions. The company made cash payments related to acquisition and other investment activity of $15.4 billion during Q1 2026. Amazon expects to fund the OpenAI investment with cash on hand. Management notes it may consider additional acquisitions, investments, or financing arrangements that could affect liquidity and capital structure.
Key facts
- Amazon made cash payments, net of acquired cash, related to acquisition and other investment activity of $15.4 billion during Q1 2026. source
- In Q1 2026, Amazon invested $15.0 billion in OpenAI’s Series C Preferred Stock and entered into an equity commitment letter agreement to purchase an additional $35.0 billion of OpenAI’s Series C Preferred Stock, subject to certain conditions. source
- Amazon expects to fund the additional OpenAI investment with cash on hand. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | -3.3% | In Q1 2026, Amazon invested $15.0 billion in OpenAI’s Series C Preferred Stock and entered into an equity commitment letter agreement to… |
| cash | negative | realized | -1.6% | In Q1 2026, Amazon invested $15.0 billion in OpenAI’s Series C Preferred Stock and entered into an equity commitment letter agreement to… |