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AWS Revenue Soars 36.7% as Amazon's Cloud Computing Platform Accelerates Growth
Amazon's cloud computing platform AWS posted its fastest growth in 18 quarters, with revenue increasing by 36.7% year-over-year to $42.2 billion.
This marks five consecutive quarters of accelerating growth for AWS, which is driven by strong demand for AI workloads and reserved capacity through 2027.
The AWS backlog surged to a record-breaking $496 billion, highlighting the platform's long-term potential.
However, Amazon's free cash flow turned negative due to planned capital expenditures of $220 billion in 2026, raising concerns about earnings quality.