AMAZON $AMZN HIKES 2026 CAPEX TO $220B ON HIGHER MEMORY COSTS Capital expenditures hit $54.2B in the June quarter, up from $32.1B a year ago. Trailing twelve-month free cash flow swung to an outflow of $7.6B from an inflow of $18.2B a year earlier. CEO Andy Jassy says AWS is "booming," with cloud revenue up 37% year over year to $42.2B, the unit's fastest growth since 2021. AWS backlog reached $496B in the quarter, and the AI and homegrown chips units each passed a $25B annual revenue run rate.

AMAZON $AMZN HIKES 2026 CAPEX TO $220B ON HIGHER MEMORY COSTS Capital expenditures hit $54.2B in the June quarter, up from $32.1B a year ago. Trailing twelve-month free cash flow swung to an outflow of $7.6B from an inflow of $18.2B a year earlier. CEO Andy Jassy says AWS is "booming," with cloud revenue up 37% year over year to $42.2B, the unit's fastest growth since 2021. AWS backlog reached $496B in the quarter, and the AI and homegrown chips units each passed a $25B annual revenue run rate.

Source:https://x.com/faststocknewss/status/2082940249177776395