Amazon Com Inc

Company facts

Industry

Retail-Catalog & Mail-Order Houses

Headquarters

Seattle, Washington

Most recent report

10-Q, filed Jul 31, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 1018724

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 1 positive, 10 notable, and 5 negative flags.

• Financial Statements (Item 1) Full financial statements and notes with massive quarter: AI investments, debt surge, growth.
  Notable

  • Net income $62.6B includes $50.5B upward adjustment on Anthropic nonvoting preferred stock – non-cash.
  • Forward performance obligations for AWS services hit $496B, up from $364B in March – demand visibility.
  Negative

  • New Xockets patent suits plus existing antitrust class actions – legal exposure could be material.
  • Indian tax authority asserts tax on AWS fees; disputed, but could require significant payments.
• Management's Discussion (Item 2) Key financial results, massive AI investments, negative free cash flow, and Q3 guidance.
  Positive

  • AWS sales grew 37% to $42.2B in Q2 2026, the fastest growth in recent quarters.
  Notable

  • Cash capex doubled to $96.3B in H1 2026, mostly for AWS infrastructure and AI.
  • Amazon invested $28.7B in OpenAI and $10B in Anthropic nonvoting preferred in H1 2026, plus $21.3B after quarter end.
  • Debt proceeds surged to $82.4B in H1 2026 from $4.7B, funding the AI investments.
  • Q3 2026 guidance: net sales growth of 9-12%, a sharp deceleration from Q2's 20%.
  Negative

  • Interest expense doubled to $1.3B in Q2 2026 from $516M due to new debt.
• Market Risk (Item 3) Equity investments nearly tripled to $229.7B, a massive company-specific fact.
  Notable

  • Equity investments surged from $96.5B to $229.7B (Q2 2026), heavily in Anthropic and OpenAI.
  Negative

  • International segment net sales decreased $82M due to FX in Q2 2026 vs prior year, versus a $2.5B increase in Q1 2026.
• Risk Factors (Item 1A) Company-specific antitrust litigation and China/India regulatory risks with quantified impacts.
  Notable

  • China-based sellers account for significant portions of third-party seller and ad revenue; China suppliers provide significant components (current period).
  • Amazon relies on a limited group of suppliers for semiconductor products, including AI GPUs; constraints could affect AI development (current period).
  • Indian tax authority asserts tax on cloud services fees paid to Amazon US; disputed but could require additional payments (current period).
  Negative

  • Amazon is litigating antitrust claims by state AGs and FTC; outcome could force business practice changes (current period).

What changed: Jun 2026 vs. Mar 2026

About 6% of AMZN's Jun 2026 10-Q is new information. 23 paragraphs were added, 120 changed, and 15 removed. Below are the most important lines SECSift identified.

• Item 1 61
• Item 2 38
• Item 3 5
• Item 5 4
• Item 1A 1