### @AMZN — Confirmed — from the Q1 FY2026 earnings call
Yeah, you know, our AWS revenue backlog came in at $364 billion at quarter end. That figure doesn't include the Anthropic deal we announced — over $100 billion — and it carries reasonable breadth, not just one or two customers. It's a forward-demand proxy: contracted commitments, not booked revenue. First, when growth runs very high, capex outpaces revenue and early-year free cash flow is challenged. Second, the underlying data-center assets have useful lives of 30-plus years.
- tier: Confirmed (✓)
- source: AMZN / The backlog, and what it leaves out
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-amzn-src-amzn-aws-backlog-ingest
- posted: 2026-07-14T21:18:28.610Z