AMZN · 10-Q · 2026Q2 · Full report
Major Strategic Investments
AMAZON COM INC · 2026-07-31 · Importance 96 · Surprise 100 · From source text
Amazon invested $28.7 billion in OpenAI Series C preferred stock during the six months ended June 30, 2026, including $13.7 billion in Q2, and subsequently funded the remaining $21.3 billion commitment after June 30. Amazon also invested $10.0 billion in Anthropic nonvoting preferred stock in Q2 2026. Total acquisition and other investment cash payments increased to $24.4 billion in Q2 and $39.8 billion for six months, compared with $1.7 billion in each prior-year period. The investments materially increased financing needs and contributed to the $53.4 billion Q2 and $69.1 billion six-month other-income gains from valuation adjustments primarily related to Anthropic preferred stock.
Key facts
- We made cash payments, net of acquired cash, related to acquisition and other investment activity of $1.7 billion in Q2 2025 and $24.4 billion in Q2 2026. source
- We invested $24.4 billion in acquisition and other investment activity during Q2 2026 (cash payments, net of acquired cash). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -2.2% | We invested $24.4 billion in acquisition and other investment activity during Q2 2026 (cash payments, net of acquired cash). |
| assets | positive | realized | +2.2% | We invested $24.4 billion in acquisition and other investment activity during Q2 2026 (cash payments, net of acquired cash). |
| cash | negative | realized | -2.1% | We made cash payments, net of acquired cash, related to acquisition and other investment activity of $1.7 billion in Q2 2025 and $24.4… |