Amazon Free Cash Flow Turns Negative by $7.6 Billion as AI Capex Rises
Amazon generated about $161.4B in cash over the past 12 months, up 33% year over year, but spent about $169B, leaving roughly a $7.6B cash shortfall. AI-driven capital investment is a major factor. The gap is supported by nearly $77B raised from long-term debt sales, with long-term debt rising from $65.6B at end-2025 to about $128.9B by Q2 2026.
Coverage (2)
- Amazon's Free Cash Flow Went Negative by $7.6 Billion Even as Operating Cash Flow Rose 33%. Here's the Gap AI Capex Is Actually Creating. (fool.com)
- Amazon's Free Cash Flow Went Negative by $7.6 Billion Even as Operating Cash Flow Rose 33%. Here's the Gap AI Capex Is Actually Creating. (finance.yahoo.com)