AWS cloud revenue jumps 39% on Meta and OpenAI deals

cnbc.com —

Amazon's cloud unit AWS reported third-quarter revenue of $45.98 billion, up 39% year over year and above the $45.29 billion analyst consensus, marking its fastest growth since late 2021. The growth was boosted by new deals with Meta and OpenAI, plus the acquisition of data startup DuckLabs. AWS operating income rose 55% to $17.77 billion, and the unit now represents a record 23% of Amazon's total revenue. CEO Andy Jassy projected AWS could grow over 40% annually in 2027 and 2028, potentially reaching $1 trillion in revenue within a decade. He also announced plans to offer Trainium AI chips outside AWS by late 2027, mirroring Google's strategy with its tensor processing units.


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