United StatesAmazon’s 12-month cash burn hit a record $42.4 billion.
Amazon fell 7.3% in extended trading after revenue and earnings missed analyst estimates.
Amazon filled the gap with debt: long-term borrowing reached about $173 billion, up from $66 billion at the end of 2025.
“We can fund this plan,” said chief executive Andy Jassy, as cloud revenue grew 39% to $46 billion.
Amazon expects about $220 billion in capital spending this year and says 2027 will be higher.
How each outlet framed it
drawn from 100+ reports worldwide
- South China Morning Post leans critical
- frames the AI capex as a cash-flow problem, not a revenue one, citing Alphabet's record drop and rising 2027 spending plans
- Yahoo! Finance
- quantifies Amazon's record $42B trailing cash outflow against Yahoo's own calculations, and ties AWS backlog to Anthropic's commitments
- The Wall Street Journal
Sources: South China Morning Post, Yahoo! Finance, The Wall Street Journal