Amazon's AWS sales grew 39% to almost $46 billion. Amazon's free cash flow was minus $42.4 billion over 12 months.
Both numbers come from the same quarterly results, CNBC reported.
AWS sales of $45.98 billion beat the $45.29 billion analysts expected. Amazon's free cash flow was negative for a second quarter in a row, and Amazon said the shortfall came mainly from buying property and equipment for AI.
That buying is on a new scale. Amazon spent $77.3 billion on such capital projects in the third quarter, up from $35.1 billion a year earlier and above the $58.7 billion estimate from data provider FactSet. It still expects this spending to reach $220 billion in 2026.
Chief executive Andy Jassy said Amazon expects to "spend meaningfully more in 2027." He said Amazon has a "clear line of sight to attractive financial returns." The shares fell more than 6% in extended trading.
CNBC's report does not split the $77.3 billion between AWS and the rest of Amazon. For a company renting AWS capacity, the total says how much Amazon is building, not where.
Sources
Our file on Amazon
- 2 Nov
AWS owner Amazon can borrow up to $80bn against the AI hardware it buys. Lenders get rights over some of that equipment.
- 27 Oct
Amazon's CEO said AWS capacity for next year is largely sold. He said Amazon struggles to keep pace.
- 4 Oct
Amazon pledged $1 billion to data-centre towns. Over 100 local bans are being weighed.
- 25 Sept
Amazon cut over 30,000 jobs. Now recruiters want former staff back for AI.
- 23 Sept
A Texas woman counted 52 Amazon drones overhead in one day.
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