AMZN · 10-Q · 2026Q2 · Full report
AI Partnerships & Investment
AMAZON COM INC · 2026-07-31 · Importance 96 · Surprise 100 · No 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. Amazon also invested $10.0 billion in Anthropic nonvoting preferred stock in Q2 2026. These investments contributed to a $53.4 billion Q2 and $69.1 billion six-month increase in other income from upward valuation adjustments and related reclassifications, while the Anthropic valuation adjustments generated $15.9 billion of discrete tax expense.
Key facts
- Subsequent to June 30, 2026, we funded the remaining Commitment Amount of $21.3 billion (related to OpenAI investment). source
- We invested $28.7 billion in OpenAI’s Series C Preferred Stock for the six months ended June 30, 2026, including $13.7 billion invested in Q2 2026. source
- In Q2 2026, we invested $10.0 billion in Anthropic nonvoting preferred stock. source
- In Q2 2025, we invested $1.3 billion in convertible notes from Anthropic. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +2.6% | We invested $28.7 billion in OpenAI’s Series C Preferred Stock for the six months ended June 30, 2026, including $13.7 billion invested in… |
| cash | negative | realized | -2.6% | We invested $28.7 billion in OpenAI’s Series C Preferred Stock for the six months ended June 30, 2026, including $13.7 billion invested in… |
| cash | negative | committed | -1.6% | Subsequent to June 30, 2026, we funded the remaining Commitment Amount of $21.3 billion (related to OpenAI investment). |
| assets | positive | committed | +1.6% | Subsequent to June 30, 2026, we funded the remaining Commitment Amount of $21.3 billion (related to OpenAI investment). |
| assets | positive | realized | +0.9% | In Q2 2026, we invested $10.0 billion in Anthropic nonvoting preferred stock. |
| cash | negative | realized | -0.9% | In Q2 2026, we invested $10.0 billion in Anthropic nonvoting preferred stock. |