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Jassy Sets $1 Trillion AWS Revenue Ambition as Amazon Plans Higher Capital Spending

1 reports 1 reporting sources 2 hours agoNew

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Amazon CEO Andy Jassy said AWS could reach $1 trillion in annual revenue within five to 10 years, while Amazon expects approximately $220 billion in cash capital expenditures in 2026, mostly for AWS, and meaningfully higher spending in 2027. AWS revenue rose 39% year over year, and Jassy projected growth above 40% in both 2027 and 2028. Investors continued to question Amazon’s spending and expected returns; its shares fell about 6% in Thursday’s after-hours trading.

Generated by AI from reports · Updated 2 hours ago

Latest development10/30 07:42 (UTC+8)
AWS will be a $1T business, Jassy says. But first, it will spend big.TechCrunch · AI

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10/30
  1. TechCrunch · AI
    AWS will be a $1T business, Jassy says. But first, it will spend big.

    Andy Jassy said AWS could reach $1 trillion in annual revenue within five to 10 years, while Amazon expects approximately $220 billion in cash capital expenditures in 2026, mostly for AWS, and meaningfully higher spending in 2027. AWS revenue rose 39 percent year over year, and Jassy projected growth above 40 percent in both 2027 and 2028. Investors continued questioning spending and expected returns; Amazon shares fell about 6% in Thursday’s after-hours trading.

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