Management remarks
Call period: 2026 Q2 · 2026-07-30
Guidance: Andy Jassy: We now believe we will spend approximately $220 billion in cash CapEx in 2026.Demand and orders: Andy Jassy: Our backlog stands at $496 billion, growing triple digits year-over-year.Margins: Brian Olsavsky: You're seeing, despite the large investments, AWS margins have continued to remain strong, and we're up 650 basis points year-over-year.Analyst Q&A
Analyst Eric Sheridan asked: Maybe pivoting to the commerce business. When you're talking about scaling some of your initiatives around fast commerce and a wider array of supply of groceries and everyday essentials, can you talk a little bit about the signal you're getting from consumers in terms of either adoption rates of those services or what it's doing to overall spend trends? Management Andy Jassy answered: We have finally found something that is a real needle mover for us in offering perishables in our same-day facilities that we're now able to offer same-day perishables in 2,300 cities around the U.S. If you look in those cities, nine of the top 10 best sellers in those geographies are perishables. The number of monthly active perishable customers has increased 50% since the start of this year. For same-day orders with perishables, on average, they average three times more units per order.管理层陈述
电话会期间：2026 Q2 · 2026-07-30
指引：安迪·雅西：我们现在认为，2026年的现金资本支出将达到约2200亿美元。需求与订单：安迪·雅西：我们的未结订单总额达4960亿美元，同比增幅达三位数。利润率：布莱恩·奥尔萨夫斯基：尽管投入巨大，AWS的利润率依然强劲，同比增长了650个基点。分析师问答
分析师埃里克·谢里登询问公司在即时零售及杂货与日常必需品供应扩张方面的消费者信号，包括相关服务使用率或整体支出趋势。管理层安迪·贾西回应称，美国2300个城市可提供当日达生鲜，该品类是业务增长点；这些区域十大畅销品中有九种为生鲜；今年初以来月度活跃生鲜客户增长50%；含生鲜的当日达订单平均每单购买量是其他订单的三倍。This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
