According to TechCrunch, AWS revenue rose 39% from the year-earlier quarter, the sixth straight quarter of steady growth. Jassy repeated his ambition for AWS to become a business with a trillion dollars in annual revenue "in the next five to 10 years".
Amazon still expects 2026 cash capex of about $220 billion, mostly for AWS, and "meaningfully more" in 2027. Analysts repeatedly asked about the justification for the spending and the expected margins; Jassy described the AI boom as a "once in a lifetime opportunity" and said the company can fund the plan.
Investors were not convinced: the stock fell about 6% in after-hours trading on Thursday. The report does not detail Amazon's total revenue and profit for the quarter.