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Amazon Web Service, the company's cloud business, reported revenue of $37.59 billion during the quarter.
Amazon Web Services revenue grew 28% year-over-year, outpacing the expected 26% growth rate.
KEY POINTS
- Amazon spent $44.2 billion on capex in Q1, exceeding estimates and reducing free cash flow to $1.2 billion.
- Amazon's $200 billion annual capital spending plan marks a 56% increase over 2025 guidance, focused on data centers.
- Amazon's investments in OpenAI and Anthropic have secured over $100 billion in future AWS commitments from these labs.
- Amazon Q2 sales forecast of $194 to $199 billion exceeds consensus estimates of $188.9 billion.
COMPANIES
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