Amazon's 2026 capital expenditure outlook has shifted higher amid accelerating AI infrastructure demand, with management raising full-year guidance to $220 billion in late July from the prior $200 billion target, citing elevated memory chip costs and robust AWS backlog. This follows Q1 and Q2 2026 spending rates that already reflect a 50-70% year-over-year increase, driven by data center builds, custom silicon, and networking to support cloud growth exceeding 35%. The elevated capex has pressured near-term free cash flow into negative territory while supporting longer-duration assets, with traders monitoring AWS operating margins and any Q3 earnings updates for signs of further revisions or demand moderation.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$19,156 Vol.
$170 billion
93%
$180 billion
94%
$190 billion
96%
$200 billion
82%
$210 billion
70%
$220 billion
64%
$19,156 Vol.
$170 billion
93%
$180 billion
94%
$190 billion
96%
$200 billion
82%
$210 billion
70%
$220 billion
64%
The specified metric will be considered as reported in the company's official earnings materials. Subsequent revisions will not be considered.
If the specified company's official earnings materials for the specified period are released, and the specified metric is not included, this market will resolve to "No".
If the specified company does not release earnings materials for the fourth fiscal quarter of 2026 by April 30, 2027, 11:59 PM ET, this market will resolve to "No".
If the specified metric is reported as a range rather than a specific number, the midpoint of the range will be used for resolution of this market.
The resolution source for this market is Amazon's official company earnings materials for the fourth fiscal quarter of 2026, including press releases, investor presentations, and regulatory filings (including the Annual Report on Form 10-K). If the specified metric is not reported in these materials, recordings or transcripts of the company's earnings webcast may also be used.
Note: This market will resolve based on the most numerically precise version of the specified metric reported in the company's official earnings materials. Capital expenditures are defined as purchases of property and equipment as reported in Amazon's consolidated statements of cash flows under investing activities, consistent with how Amazon has historically disclosed this figure. Alternate metrics that differ in definition or scope will not be considered.
Market Opened: Apr 23, 2026, 6:16 PM ET
Resolver
0x65070BE91...The specified metric will be considered as reported in the company's official earnings materials. Subsequent revisions will not be considered.
If the specified company's official earnings materials for the specified period are released, and the specified metric is not included, this market will resolve to "No".
If the specified company does not release earnings materials for the fourth fiscal quarter of 2026 by April 30, 2027, 11:59 PM ET, this market will resolve to "No".
If the specified metric is reported as a range rather than a specific number, the midpoint of the range will be used for resolution of this market.
The resolution source for this market is Amazon's official company earnings materials for the fourth fiscal quarter of 2026, including press releases, investor presentations, and regulatory filings (including the Annual Report on Form 10-K). If the specified metric is not reported in these materials, recordings or transcripts of the company's earnings webcast may also be used.
Note: This market will resolve based on the most numerically precise version of the specified metric reported in the company's official earnings materials. Capital expenditures are defined as purchases of property and equipment as reported in Amazon's consolidated statements of cash flows under investing activities, consistent with how Amazon has historically disclosed this figure. Alternate metrics that differ in definition or scope will not be considered.
Resolver
0x65070BE91...Amazon's 2026 capital expenditure outlook has shifted higher amid accelerating AI infrastructure demand, with management raising full-year guidance to $220 billion in late July from the prior $200 billion target, citing elevated memory chip costs and robust AWS backlog. This follows Q1 and Q2 2026 spending rates that already reflect a 50-70% year-over-year increase, driven by data center builds, custom silicon, and networking to support cloud growth exceeding 35%. The elevated capex has pressured near-term free cash flow into negative territory while supporting longer-duration assets, with traders monitoring AWS operating margins and any Q3 earnings updates for signs of further revisions or demand moderation.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated



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