Amazon's shares jumped nearly 20% post-earnings, driven primarily by AWS's accelerating revenue growth of 36.7% year-over-year and record backlog expansion, underscoring strong investor confidence in the company’s cloud and AI-driven growth trajectory.
- Total revenue reached $200.6 billion, up 20% year-over-year; operating income rose 43% to $27.5 billion.
- AWS revenue grew 36.7%, marking the fifth consecutive quarter of acceleration and the fastest growth in 18 quarters.
- AWS backlog surged to $496 billion, growing triple digits year-over-year, indicating strong demand visibility.
- The chips business and AI revenue each surpassed $25 billion in annualized run rates, both growing triple digits year-over-year.
- New AI offerings such as Amazon Bedrock Agents and Amazon Q are scaling rapidly, with AI and core workloads driving mutually reinforcing growth.
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