Business & Finance
Amazon keeps $220 billion capex plan, signals higher spending in 2027
Jassy expects 2027 spending to be meaningfully higher as shares fell after third-quarter results missed estimates.
The short version
- Amazon kept its $220 billion capital expenditure forecast for 2026.[Business Insider]
- CEO Andy Jassy expects the company to spend meaningfully more in 2027.[Business Insider]
- Third-quarter revenue and earnings came in below Wall Street expectations, and shares fell about 6% after hours.[Business Insider]
- Jassy's projection of AWS revenue growth above 40% in 2027 and 2028 depends on continued capacity additions.[Business Insider]
Key facts
- Amazon reaffirmed its $220 billion capital expenditure forecast for 2026.[Business Insider · TechCrunch]
- CEO Andy Jassy expects the company to spend meaningfully more in 2027.[Business Insider · TechCrunch]
- Amazon's third-quarter revenue and earnings came in below Wall Street expectations, and shares fell roughly 6% in after-hours trading.[Business Insider]
- Jassy said he expects AWS revenue to grow more than 40% in both 2027 and 2028.[Business Insider · TechCrunch]
- Jassy has stated that he believes AWS can become a trillion-dollar revenue business.[TechCrunch]
What remains uncertain
- Jassy's forecasts of higher 2027 spending and AWS growth above 40% are projections, not reported results.[Business Insider · TechCrunch]
- The reporting does not specify the size of the expected 2027 spending increase beyond the term meaningfully higher.[Business Insider · TechCrunch]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Amazon CEO sees AI spending 'meaningfully' higher in 2027Business Insider metered
- AWS will be a $1T business, Jassy says. But first, it will spend big.TechCrunch