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CNBC
Amazon's AWS posts fastest growth since 2021, citing AI and chip demand
Amazon Web Services (AWS) has achieved remarkable growth, with a revenue increase of nearly 37%, its highest since 2021. The cloud segment generated $42.23 billion in revenue, surpassing analyst expectations. This growth has been attributed to surging demand for artificial intelligence services and chips, which each contribute over $25 billion in annualized revenue. AWS's accelerated growth secures its dominance in the cloud computing sector.
MonitorConfidence: HighShort term horizon
Published 30 Jul 2026, 20:55 UTC2 min read
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Summary
TL;DR
- AWS revenue grew by almost 37%, the fastest since 2021.
- Q2 revenue reached $42.23 billion, exceeding estimates of $40.54 billion.
- AWS's AI and chip services each generated over $25 billion in revenue.
- Amazon's cloud now accounts for nearly 61% of its operating profit.
- Capital expenditures rose by 68% to $54.21 billion in Q2.
Interesting facts
- AWS boasts a 36.8% operating margin compared to Google Cloud's 35.6%.
- Over the last 12 months, AWS generated $148.40 billion in revenue.
What changed