AWS Revenue Grows 36.7% as Amazon Plans $220B AI Capex for 2026

Key Facts

1AWS revenue grew 36.7% with a backlog of $496 billion providing visibility into AI demand.

2Amazon plans approximately $220 billion in 2026 capital expenditure to support AI infrastructure.

3Advertising revenue rose 26% to $19.8 billion as retail margins improved to 7.9%.

Amazon's cloud division, AWS, reported revenue growth of 36.7% supported by a $496 billion backlog. Seeking Alpha reported that the company plans approximately $220 billion in capital expenditure for 2026 to expand its artificial intelligence infrastructure. Additionally, advertising revenue rose 26% to $19.8 billion as retail margins improved to 7.9%.

AMZN closed at $251.52 on October 2, 2026, with the stock trading between a low of $250.02 and a high of $253.56 during that session. The acceleration in AWS growth is primarily driven by AI demand, providing long-term visibility despite the potential short-term pressure on free cash flow from the intensive investment cycle.