AWS Q3 earnings report 2026
Amazon Web Services (AWS) reported strong third-quarter growth of 39%, exceeding analyst expectations as demand for cloud and AI infrastructure surges. CEO Andy Jassy expressed optimism for future growth, aiming for a trillion-dollar revenue milestone within the next decade.
Why it matters
AWS's performance is a key indicator of the health of the broader cloud computing and AI hardware market.
Amazon's cloud-computing unit reported more rapid third-quarter growth than analysts had projected.
Revenue came in at $45.98 billion, up 39% year over year and above the $45.29 billion consensus among analysts polled by StreetAccount, according to a statement . Growth in the second quarter came in at about 37% .
"Our core compute and storage revenue grew at their fastest rates in several years," Amazon CEO Andy Jassy said on a conference call with analysts. The AWS growth rate was the highest since the fourth quarter of 2021.
Amazon remains the top cloud by revenue, but growth has also sped up at rivals Alphabet and Microsoft. On Wednesday Alphabet said the Google Cloud business, which contains infrastructure and Google Workspace subscriptions, more than doubled in the third quarter.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in