Amazon's Future Spending Commitments Surge 36% to $883.6 Billion; Adds $80 Billion Financing Facility for AI Expansion

Amazon's (AMZN) future contractual spending commitments rose to $883.581 billion as of the end of September 2026, up 36% from the prior quarter and more than double the year-earlier level, according to its latest SEC quarterly filing. The company also secured a supplier financing facility of up to $80 billion to fund data center and AI hardware purchases. The facility, available from the first quarter of 2027 through the third quarter of 2028, carries floating rates and maturities of up to five years per draw. Amazon has not committed to drawing the full amount, and outstanding balances would be recorded as long-term debt. Third-quarter cash capital expenditures reached $75.9 billion, up from $34.2 billion a year earlier, with $172.2 billion spent in the first nine months. Amazon maintained its full-year 2026 capex forecast of about $220 billion and expects a further significant increase in 2027. Trailing 12-month free cash flow turned negative at $42.357 billion, down roughly $57.1 billion from positive $14.788 billion a year earlier. Long-term debt more than doubled to $173.125 billion from $65.648 billion at the end of 2025. AWS revenue rose 39% to $45.984 billion, with operating income of $17.773 billion.