GW-proxy caveat: Amazon/AWS does not disclose data-center MW/GW capacity.
This chart plots USD billions quarterly capex actuals (SEC cash-flow purchases of
property and equipment) vs full-year FY2026 capex guidance vintages applied as-of each
quarter ($200B from FY2025-FQ4 SEC/IR earnings release). FY2024-FQ4 is shown as a separate
annual anchor (diamond), not on the quarterly line. Not convertible to GW.
Amazon (AMZN) — Infrastructure Spend Proxy: Actual vs Guidance
Capex actual (quarterly proxy)FY2024 full-year actual (annual anchor)Latest FY2026 capex guidance vintage (as-of)Original FY2026 capex guidance ($200B, from FY2025-FQ4)