Amazon Earnings Preview: Q3 2026

Strong growth in technology infrastructure investment to support AI was a focus over the past year and is projected to expand in 2026 and 2027. For calendar year 2026, consensus estimates indicate capex will more than double to $762 billion from $362 billion. In 2027, spending is projected to increase further to $1.3 trillion, bringing total spending to more than $2 trillion in only two years.