---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-041034"
form_type: "8-K"
ticker: "AMZN"
cik: "0001018724"
company_name: "AMAZON COM INC"
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:45:13.214004+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Amazon 2025 shareholder letter: FY2026 capex ~$200B; AWS AI run rate >$15B

## Summary
- CEO outlines plans to spend ~$200B in capex in 2026, citing AI infrastructure and customer commitments.
- AWS AI revenue run rate exceeds $15B in Q1 2026, with 24% YoY growth in Q4 2025 at $142B run rate.
- Chips business (Graviton, Trainium, Nitro) annual run rate >$20B; if standalone, ~$50B; Trainium3 shipping.
- Amazon now second-largest U.S. grocer with >$150B in gross sales in 2025; perishables via Same-Day growing 40x.
- Prime Air drone delivery expects to serve 30M customers by year-end and deliver 500M packages by decade end.

## SEC filing metadata
- accession: 0001104659-26-041034
- form_type: 8-K
- ticker: AMZN
- cik: 0001018724
- company_name: AMAZON COM INC
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1018724/000110465926041034/0001104659-26-041034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1018724/000110465926041034/tm263815d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-041034
- JSON: https://secwatch.observer/filing/0001104659-26-041034.json
- Plain text: https://secwatch.observer/filing/0001104659-26-041034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.