
UPDATEAWS growth hits 39%, fastest in nearly five years, as cloud rivals also speed up
Amazon's cloud unit earned $17.8 billion in operating income and CEO Andy Jassy projected growth above 40% in 2027 and 2028.
SEATTLE — Amazon Web Services reported third-quarter revenue of $46.0 billion, up 39% from a year earlier. Amazon's release called it the fastest growth in nearly five years, and it beat the roughly $45.3 billion analysts expected. Growth was about 37% in the second quarter. AWS operating income was $17.8 billion, against $11.4 billion a year earlier. Amazon as a whole posted $28.1 billion in operating income, a record 13.9% margin. The results followed accelerating cloud growth at Microsoft and Google a day earlier. CEO Andy Jassy said core compute and storage were growing at their fastest rates in several years. He also said AWS could grow more than 40% in each of 2027 and 2028 and become a trillion-dollar business within five to 10 years. Capacity, meaning how fast new data centers come online, remains the main constraint on that growth.
Why it mattersThe three largest cloud providers are all speeding up at once, which suggests enterprise and AI spending on cloud infrastructure is still climbing.












