AMZN · 10-Q · 2026Q1 · Full report

Manufacturing and Capacity Investment (CapEx)

AMAZON COM INC · 2026-04-30 · Importance 89 · Surprise 82

Cash capital expenditures increased from $24.3 billion in Q1 2025 to $43.2 billion in Q1 2026, reflecting major investments in technology infrastructure (the majority to support AWS) and additional capacity to support the fulfillment network. Management expects these investments in AWS infrastructure and fulfillment capacity to increase further in 2026 to meet anticipated shipment volumes and AWS growth. The elevated capex materially affects investing cash flow and underpins expansion of data center and fulfillment capacity tied to demand trends in cloud and retail operations.