Amazon CEO Andy Jassy said the company expects to spend $220 billion on capital expenditures in 2026, mostly for AWS and AI infrastructure, and that AWS could become a trillion-dollar revenue business in five to ten years.

• AWS revenue rose 39% in the third quarter, the fastest growth rate in nearly five years, and Jassy forecast it would grow over 40% in 2027 and 2028.
• Amazon disclosed a new up to $80 billion loan facility to purchase technology infrastructure assets, available from early 2027 to late 2028.
• Amazon was the biggest spender among AI hyperscalers in Q3, reporting $75.9 billion in cash capex, with CFO Brian Olsavsky saying the figure is primarily related to AWS and AI.
• CEO Andy Jassy said on the earnings call that AWS can be a trillion-dollar revenue business in the next five to 10 years, and that the company expects to spend meaningfully more on capex in 2027.