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AWS Sees Major Growth Ahead of Q2 Earnings
Amazon Web Services (AWS) reported a 28% year-over-year growth in the first quarter, its fastest rate in nearly four years, as the company invests heavily in AI infrastructure. Expectations for AWS’s second-quarter growth have risen, with analysts at Bank of America forecasting a 33% increase due to demand from companies like Anthropic and OpenAI. Some predictions indicate that AWS revenue could exceed 35% growth.
Amazon is set to report its second-quarter earnings on Thursday, July 30, with analysts expecting approximately $197 billion in total revenue and earnings per share of $1.82—an 8% increase from the previous year. The market will closely monitor AWS’s growth trajectory as well as the efficiency of its capex spending, which is projected to reach $200 billion by 2026, primarily for AI infrastructure.
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