AWS expects annual revenue growth above 40% for the next two years, committing to AI infrastructure
10/31/2026 — 10/31, 06:19·2 sources (all)·2 reports (all)
Key takeaways
- AWS CEO Matt Garman told Bloomberg Tech that AWS revenue has grown for a sixth straight quarter, and the company expects annual growth could…
Background & analysis
On October 31, 2026, Amazon CEO Andy Jassy said in the Q3 earnings report that AWS revenue grew 39.3% year over year, accelerating for the sixth straight quarter and marking its fastest growth in nearly five years, as enterprises moved more of their core and AI workloads to AWS. Later the same day, AWS CEO Matt Garman told Bloomberg Tech that AI demand was driving the business and that the company planned to “responsibly fund” its AI infrastructure buildout to meet customer demand. Citing the same quarterly results, Garman noted that revenue at the cloud unit had grown for the sixth straight quarter and projected that AWS could grow more than 40% year over year in each of the next two years. As of that interview, the most recent statement on the matter was Garman’s growth outlook on Bloomberg Tech.
AI-generated from 2 reports · updated 2 hours ago
Latest turnAWS CEO Matt Garman said on Bloomberg Tech that the company aims to "responsibly fund" its AI buildout to meet customer demand. AWS revenue has now grown for six straight quarters, and the company projects year-over-year growth of more than 40% in each of the next two years.
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AWS CEO Matt Garman said on Bloomberg Tech that the company aims to "responsibly fund" its AI buildout to meet customer demand. AWS revenue has now grown for six straight quarters, and the company projects year-over-year growth of more than 40% in each of the next two years.
Bloomberg TechnologyAI score 56Amazon CEO Andy Jassy said AWS revenue grew 39.3% year over year in Q3, the sixth straight quarter of acceleration and its fastest growth in nearly five years. The company attributes the pace to enterprises moving more of their core and AI workloads onto AWS.
Amazon AI NewsFirst-partyAI score 50
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