Amazon CEO Andy Jassy believes AWS could reach 1 trillion USD in annual revenue within five to 10 years, from an annualized revenue of about 184 billion USD today. He points to both AI and the long-running shift of businesses' IT infrastructure to the cloud, noting that about 85% of global IT spending is still on-premises versus about 15% in the cloud. In the third quarter, AWS revenue rose 39% year over year to 46 billion USD, its fastest growth in nearly five years, and its backlog reached 578 billion USD, though backlog is not guaranteed revenue. Reaching 1 trillion USD would require about 40% annual growth over five years or about 18% over 10 years, while Amazon expects about 220 billion USD in capex in 2026 and a meaningful increase in 2027. AWS third-quarter operating income rose 56% to 17.8 billion USD, a 38.7% operating margin.
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AMZN
▲ Likely positiveAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 11/02/2026 | 245.63 |
| Change that session | +2.20% |
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