Amazon Web Services (AWS) reported a 39.3% year-on-year increase in revenue to $46 billion in the third quarter of 2026, marking its sixth consecutive quarter of accelerating growth as demand for cloud computing and artificial intelligence infrastructure continued to rise.
AWS added $3.8 billion in revenue quarter-on-quarter and now has an annualised revenue run rate of $184 billion. Its growth in Q3 was the fastest in nearly five years, according to Amazon CEO Andy Jassy, who said the company’s cloud business was seeing strong demand across both its core services and AI offerings.
AWS’ backlog stood at $578 billion, growing at a triple-digit rate year-on-year. Jassy said Amazon was installing an AI accelerator approximately every 14 seconds, with customers absorbing capacity almost as quickly as it was being deployed.
Amazon sees AWS becoming a trillion-dollar business
Jassy said Amazon expects AWS to grow by more than 40% in each of 2027 and 2028, adding that the cloud business could…
