StocksMediumUpdated×2•Originally published 29 October 2026•Updated 29 October 2026•
1 min read
Amazon Web Services Revenue Hits $46 Billion with Guidance for Over 40% Growth
Key Facts
1Amazon Web Services reported third-quarter revenue that exceeded market expectations, marking its highest growth in five years.
Amazon Web Services generated $46 billion in third-quarter revenue, representing a 39% increase. Amazon CEO Andy Jassy projected that growth for the cloud unit will exceed 40% in 2027 and 2028, fueled by sustained demand for artificial intelligence infrastructure.
The Wall Street Journal reported that the company plans to scale up its purchases of NVIDIA chips during the current quarter to support this expansion. Amazon stock was trading at $246.22 on October 29, 2026, with a session high of $249.14 and a low of $241.24.