tech

April 29, 2026

Amazon's cloud unit reports 28% sales growth, topping estimates

Amazon Web Services now accounts for over 20% of its parent company's total revenue.

Amazon's cloud unit reports 28% sales growth, topping estimates

TL;DR

  • AWS revenue grew 28% to $37.59 billion, surpassing analyst estimates.
  • The cloud unit now represents nearly 21% of Amazon's total revenue.
  • AWS's operating income increased by approximately 23% to $14.16 billion.
  • Significant investments and expanded agreements with AI companies like Anthropic ($25 billion) and OpenAI ($50 billion) are underway.
  • AWS will make OpenAI models available on Amazon Bedrock, strengthening its AI offerings.
  • AWS faces increased competition from Microsoft Azure and Google Cloud.

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