Amazon (AMZN) official guidance
Amazon (AMZN) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteAMZNAMAZON COM INCFY2026 · ends 2026-12-31
1 metric1 raisedearnings call · 2026-07-31 04:01:00 UTC
2026-07-31 04:01:00 UTC$220Braised +10.0%66.9% vs FY2025
We now believe we will spend approximately $220 billion in cash CapEx in 2026.
AMZN · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-02-06 05:01:00 UTC$200Bmaintained51.7% vs FY2025
We expect to invest about $200 billion in capital expenditures across Amazon, but predominantly in AWS, because we have very high demand.
AMZN · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 21:25:43 UTC$200B51.7% vs FY2025
“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, and low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital.”
AMZN · EX-99.1 · Q4 FY2025
2026-02-05 21:25:12 UTCOpen source
2025-10-31 04:01:07 UTCincreasenew
Looking ahead, we expect our full-year cash CapEx to be approximately $125 billion in 2025, and we expect that amount will increase in 2026.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCQ3 FY2026 · ends 2026-09-30
1 metric1 maintainedearnings call · 2026-07-31 04:01:00 UTC
2026-07-31 04:01:00 UTC$22.5B – $26.5Bmaintained29.1% – 52.1% vs Q3 FY2025
Q3 operating income is expected to be between $22.5 billion and $26.5 billion.
AMZN · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 20:06:46 UTC$22.5B – $26.5Bnew29.1% – 52.1% vs Q3 FY2025
•Operating income is expected to be between $22.5 billion and $26.5 billion, compared with $17.4 billion in third quarter 2025.
AMZN · EX-99.1 · Q2 FY2026
2026-07-30 20:06:23 UTCOpen source
AMZNAMAZON COM INCFY2027+ · ends 2027-12-31
1 metric1 newearnings call · 2026-07-31 04:01:00 UTC
2026-07-31 04:01:00 UTCdouble the power capacitynew
we said we expect to have double the power capacity by the end of 2027 that we had in 2025
AMZN · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCQ3 FY2026 · ends 2026-09-30
1 metric1 maintainedearnings call · 2026-07-31 04:01:00 UTC
2026-07-31 04:01:00 UTC$197B – $202Bmaintained9.3% – 12.1% vs Q3 FY2025
Q3 net sales are expected to be between $197 billion and $202 billion.
AMZN · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
2026-07-30 20:06:46 UTC$197B – $202Bnew9.3% – 12.1% vs Q3 FY2025
•Net sales are expected to be between $197.0 billion and $202.0 billion, or to grow between 9% and 12% compared with third quarter 2025. Excluding the impact of Prime Day in both 2025 and 2026, third quarter 2026 year-over-year growth would be nearly 400 basis points higher. This guidance anticipates an unfavorable impact of approximately 80 basis points from foreign exchange rates.
AMZN · EX-99.1 · Q2 FY2026
2026-07-30 20:06:23 UTCOpen source
AMZNAMAZON COM INCFY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-07-31 04:01:00 UTC
2026-07-31 04:01:00 UTCat least 2.00xnew
we expect to more than double our fleet of robotic arms, like Cardinal and Sparrow, in 2026.
AMZN · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCQ2 FY2026 · ends 2026-06-30
3 metrics1 new2 maintainedearnings call · 2026-04-30 04:00:31 UTC
2026-04-30 04:00:31 UTC$1Bnew
Second, within the North America segment, we do expect a year-over-year cost increase of approximately $1 billion related to Amazon Leo as we manufacture and launch more satellites in preparation for our service offering.
AMZN · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-30 04:00:31 UTC$20B – $24Bmaintained4.3% – 25.2% vs Q2 FY2025
Q2 operating income is expected to be between $20 billion and $24 billion.
AMZN · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-29 20:19:15 UTC$20B – $24Bnew4.3% – 25.2% vs Q2 FY2025
•Operating income is expected to be between $20.0 billion and $24.0 billion, compared with $19.2 billion in second quarter 2025.
AMZN · EX-99.1 · Q1 FY2026
2026-04-29 20:18:55 UTCOpen source
2026-04-30 04:00:31 UTC$194B – $199Bmaintained15.7% – 18.7% vs Q2 FY2025
Q2 net sales are expected to be between $194 billion and $199 billion.
AMZN · transcript · Q1 FY2026
2026-04-30 04:00:00 UTCOpen source
2026-04-29 20:19:15 UTC$194B – $199Bnew15.7% – 18.7% vs Q2 FY2025
•Net sales are expected to be between $194.0 billion and $199.0 billion, or to grow between 16% and 19% compared with second quarter 2025. This guidance anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates.
AMZN · EX-99.1 · Q1 FY2026
2026-04-29 20:18:55 UTCOpen source
AMZNAMAZON COM INCQ1 FY2026 · ends 2026-03-31
2 metrics1 new1 maintainedearnings call · 2026-02-06 05:01:00 UTC
2026-02-06 05:01:00 UTC$1Bnew
Within the North America segment, we do expect a year-over-year cost increase of approximately $1 billion related to Amazon Leo.
AMZN · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-06 05:01:00 UTC$16.5B – $21.5Bmaintained-10.4% – 16.8% vs Q1 FY2025
Q1 operating income is expected to be between $16.5 billion and $21.5 billion.
AMZN · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 21:25:43 UTC$16.5B – $21.5Bnew-10.4% – 16.8% vs Q1 FY2025
•Operating income is expected to be between $16.5 billion and $21.5 billion, compared with $18.4 billion in first quarter 2025. This guidance includes approximately $1 billion of higher year-over-year Amazon Leo costs as we scale in 2026, as well as investment in quick commerce and even sharper prices in our international stores business.
AMZN · EX-99.1 · Q4 FY2025
2026-02-05 21:25:12 UTCOpen source
AMZNAMAZON COM INCFY2027+ · ends 2027-12-31
1 metricearnings call · 2026-02-06 05:01:00 UTC
2026-02-06 05:01:00 UTCdouble it again
We expect to double it again by the end of 2027.
AMZN · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2025-10-31 04:01:07 UTCdouble againnew
To put that into perspective, we're now double the power capacity that AWS was in 2022, and we're on track to double again by 2027.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCQ1 FY2026 · ends 2026-03-31
1 metric1 maintainedearnings call · 2026-02-06 05:01:00 UTC
2026-02-06 05:01:00 UTC$173.5B – $178.5Bmaintained11.5% – 14.7% vs Q1 FY2025
Q1 net sales are expected to be between $173.5 billion and $178.5 billion. This guidance anticipates a favorable impact of approximately 180 basis points from foreign exchange rates.
AMZN · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 21:25:43 UTC$173.5B – $178.5Bnew11.5% – 14.7% vs Q1 FY2025
•Net sales are expected to be between $173.5 billion and $178.5 billion, or to grow between 11% and 15% compared with first quarter 2025. This guidance anticipates a favorable impact of approximately 180 basis points from foreign exchange rates.
AMZN · EX-99.1 · Q4 FY2025
2026-02-05 21:25:12 UTCOpen source
AMZNAMAZON COM INCFY2025 · ends 2025-12-31
3 metrics3 newearnings call · 2025-10-31 04:01:07 UTC
2025-10-31 04:01:07 UTC$125Bnew50.6% vs FY2024
Looking ahead, we expect our full-year cash CapEx to be approximately $125 billion in 2025, and we expect that amount will increase in 2026.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
2025-10-31 04:01:07 UTCat least 1Mnew
Anthropic is using it now to build and deploy its industry-leading AI model, Claude, which we expect to be on more than 1 million Trainium2 chips by year-end.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
2025-10-31 04:01:07 UTCat least $10Bnew
Rufus, our AI-powered shopping assistant, has had 250 million active customers this year, with monthly users up 140% year-over-year, interactions up 210% year-over-year, and customers using Rufus during a shopping trip being 60% more likely to complete a purchase. Rufus is on track to deliver over $10 billion in incremental annualized sales.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCQ4 FY2025 · ends 2025-12-31
1 metric1 newearnings call · 2025-10-31 04:01:07 UTC
2025-10-31 04:01:07 UTCat least 1Bnew
In the last quarter of this year alone, we expect to add at least another 1 GW of power.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCFY2025 · ends 2025-12-31
1 metric1 newearnings call · 2025-10-31 04:01:07 UTC
2025-10-31 04:01:07 UTC2.3Knew
We've now expanded that to 1,000 cities around the U.S. We'll be in 2,300 by the end of the year.
AMZN · transcript · Q3 FY2025
2025-10-31 04:00:00 UTCOpen source
AMZNAMAZON COM INCQ4 FY2025 · ends 2025-12-31
2 metrics2 newearnings release · 2025-10-30 20:13:27 UTC
2025-10-30 20:13:27 UTC$21B – $26Bnew-1% – 22.6% vs Q4 FY2024
Operating income is expected to be between $21.0 billion and $26.0 billion, compared with $21.2 billion in fourth quarter 2024.
AMZN · EX-99.1 · Q3 FY2025
2025-10-30 20:13:01 UTCOpen source
2025-10-30 20:13:27 UTC$206B – $213Bnew9.7% – 13.4% vs Q4 FY2024
Net sales are expected to be between $206.0 billion and $213.0 billion, or to grow between 10% and 13% compared with fourth quarter 2024.
AMZN · EX-99.1 · Q3 FY2025
2025-10-30 20:13:01 UTCOpen source