Jassy: AWS could grow over 40% in 2027 or 2028
Amazon's CEO also said at the third-quarter earnings call that the cloud unit could reach $1 trillion in annual revenue within 5 to 10 years.
Amazon CEO Andy Jassy said the company’s cloud unit, Amazon Web Services, could grow more than 40% in 2027 or 2028, and could become a $1 trillion annual revenue business within 5 to 10 years, according to The Register. Jassy made the remarks at Amazon’s third-quarter earnings call on October 30, 2026.
AWS grew 39.3% year over year in the third quarter, with revenue approaching $46 billion. Full-year revenue for AWS is expected to reach $184 billion this year.
Amazon plans to spend $220 billion on capital expenditures this year, including $75.9 billion in the third quarter. Jassy said AWS installs new AI accelerators about every 14 seconds.
He also said Bedrock, the company’s AI service, is AWS’s fastest-growing billion-dollar service.
Quick answers
How fast did AWS grow in the third quarter?
AWS grew 39.3% year over year in the third quarter, with revenue approaching $46 billion.
How much is Amazon spending on capital expenditures this year?
Amazon plans to spend $220 billion on capital expenditures this year, including $75.9 billion in the third quarter.
What did Jassy say about AWS revenue?
He said AWS could grow more than 40% in 2027 or 2028 and could become a $1 trillion annual revenue business within 5 to 10 years.