Andy Jassy, CEO of Amazon, talking with CNBC on the World Financial Discussion board in Davos, Switzerland on Jan. 20, 2026.
CNBC
Amazon shares plunged greater than 10% in prolonged buying and selling Thursday after the corporate posted blended fourth-quarter earnings, and boosted its full-year spending forecast to $200 billion.
This is how the corporate did, in contrast with estimates from analysts polled by LSEG:
- Earnings per share: $1.95 vs. $1.97 estimated
- Income: $213.39 billion vs. $211.33 billion estimated
Wall Road was additionally different key income numbers:
- Amazon Net Providers: $35.58 billion vs. $34.93 billion anticipated, in keeping with StreetAccount
- Promoting: $21.32 billion vs. $21.16 billion anticipated, in keeping with StreetAccount
Amazon mentioned it expects capital expenditures to proceed to climb increased this yr because it aggressively invests in knowledge facilities and different infrastructure to fulfill a surge in synthetic intelligence demand.
The corporate projected capex to hit $200 billion this yr, whereas analysts have been anticipating $146.6 billion, in keeping with FactSet.
“With such sturdy demand for our current choices and seminal alternatives like AI, chips, robotics, low earth orbit satellites, we count on to take a position about $200 billion in capital expenditures throughout Amazon in 2026, and anticipate sturdy long-term return on invested capital,” CEO Andy Jassy mentioned in an announcement.
Tech corporations have laid out aggressive spending plans on synthetic intelligence, committing to take a position billions.
That is breaking information. Please examine again for updates.
