This will mark Eilish's first awards show performance while Lizzo will be performing at the AMAs for the first time.
The AMAs will be broadcast live on ABC at 8 p.m. EDT from the Microsoft Theater in Los Angeles.
Swift and Ariana Grande lead all nominees and are up for Artist of the Year alongside Drake, Halsey and Post Malone. Favorite Album Pop/Rock will be decided between Swift's Lover, Grande's Thank U, Next and Eilish's When We All Fall Asleep, Where Do We Go?
Cabello is a four-time AMA winner and performed last year at the event.
Lipa recently released a new single, titled "Don't Start Now," that will appear on her upcoming second album.