Across all Amazon businesses including stores, advertising, Prime, devices, and cloud, net sales rose 20% to $200.6 billion, compared with $167.7 billion a year earlier. The flip is driven by Amazon's $66.1 billion year-over-year increase in equipment purchases, which Amazon said reflects AI investments. During the call, Jassy told investors that Amazon now expects to devote $220 billion to capital expenditures in 2026, up from its prior estimate of $200 billion, owing to higher memory costs. Even at the elevated level, however, Jassy said Amazon still won't "have enough capacity to meet all the demand we have in 2026. Undergirding much of the growth is AWS, which "is booming," said Jassy in his remarks.