Brian Olsavsky on capital allocation
From 🔴WATCH LIVE: AMAZON (AMZN) Q1 EARNINGS CALL | AI MASSIVE NEWS? · · Beginner Trading
“As far as dividends or buybacks or any other capital structure moves, we don't have anything to share with you on that today. Our first priority is to invest to support the growth opportunities and long-term investments within our businesses.”
On , Brian Olsavsky, Senior VP & CFO at Amazon, spoke about capital allocation during 🔴WATCH LIVE: AMAZON (AMZN) Q1 EARNINGS CALL | AI MASSIVE NEWS? on Beginner Trading.
About Brian Olsavsky
Brian Olsavsky, Amazon’s CFO, participated in the company’s Q1 2026 earnings call on April 29, 2026. He reported that worldwide operating income was $23.9 billion, with an operating margin of 13.1%, which he described as the company’s highest ever. He noted that Q2 net sales are expected to be between $194 billion and $199 billion, with operating income forecast between $20 billion and $24 billion. Olsavsky stated that cash capital expenditures in Q1 were $43.2 billion, primarily driven by AWS and generative AI investments, and said the company would continue to invest significantly in AI, calling it a “massive opportunity.” Olsavsky also provided updates on specific business areas. He said the company expects a year-over-year cost increase of approximately $1 billion in the North America segment related to Amazon Leo, with commercial service on track to launch in Q3 and capitalization of certain costs expected in Q4. He described the chips business as growing rapidly, with a reported annual revenue run rate over $20 billion, and stated that if it were a standalone business selling chips to AWS and third parties, the run rate would be $50 billion. Olsavsky noted that the Q1 backlog was $364 billion, excluding a recently announced deal with Anthropic valued at over $100 billion.