Amazon AWS Reports Substantial Growth Driven by AI
Amazon Web Services (AWS) reported a 28% year-over-year revenue growth during Q1 2026, marking the fastest increase in 15 quarters, attributed to the rising demand for artificial intelligence technologies. CEO Andy Jassy announced that AWS currently has $364 billion in customer backlogs, excluding a recent $100 billion deal with Anthropic.
Operating income from AWS reached $14.2 billion in Q1, accounting for 59% of Amazon’s total operating income. The company’s market capitalization stands at $2.8 trillion, yet its shares are trading at less than 19 times trailing operating cash flow, indicating potential for further investment.
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