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AWS Fuels Amazon's Growth as Backlog Surges Past $400B

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AMZN
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Amazon's AWS revenue surged to $42.2 billion in Q2, marking five consecutive quarters of accelerating growth for AMZN.

The company's AWS backlog reached a record-high $496 billion, with capacity largely reserved for 2027 and strong demand expected for 2028.

AWS operating margin expanded to approximately 39.4%, indicating that Amazon's rapidly growing AI workloads can deliver attractive profitability.

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