AWS third-quarter revenue tops estimates as cloud growth accelerates
Strong demand for artificial intelligence infrastructure is lifting growth across the cloud sector, with Amazon's AWS extending its lead by revenue. In the third quarter, the unit posts revenue of $45.98 billion and operating income of $17.77 billion, both ahead of analyst expectations.
Highlights
- AWS third-quarter revenue rises 39% to $45.98 billion, surpassing the $45.29 billion consensus and accelerating from 37% growth in Q2.
- AWS operating income increases 55% to $17.77 billion, beating the $16.97 billion estimate, with new deals signed with Meta and OpenAI and acquisition of DuckLabs.
- AWS now represents nearly 23% of Amazon's total revenue as competition intensifies, with Alphabet reporting Google Cloud revenue more than doubling and all major players racing to boost AI infrastructure.
Quarter results and expansion moves
As reported by CNBC, citing Amazon in a statement, AWS records third-quarter revenue of $45.98 billion, up 39% from a year earlier and above the $45.29 billion analyst consensus compiled by StreetAccount. That compares with growth of about 37% in the second quarter, indicating a further pickup in momentum.The cloud unit also generates $17.77 billion in third-quarter operating income, up 55% and above the $16.97 billion StreetAccount consensus. AWS says it signs deals with Meta and OpenAI during the quarter, acquires data analysis startup DuckLabs, and announces plans to expand its portfolio of Nvidia graphics processing units for AI workloads.
Competitive pressure and market impact
Amazon remains the largest cloud provider by revenue, but rival platforms are also reporting faster expansion as customers increase spending tied to artificial intelligence. Alphabet says on Wednesday that Google Cloud, including infrastructure and Google Workspace subscriptions, more than doubles in the third quarter, while Microsoft is also seeing stronger growth.All major cloud providers are racing to add data center capacity to meet AI demand, raising the strategic importance of infrastructure scale and chip access. AWS now accounts for almost 23% of Amazon's revenue, a record, underscoring the unit's growing weight in the group's overall financial performance.
In our earlier article on the mounting strain on U.S. AI data center buildouts, we highlighted how rising financing costs and construction delays are putting large expansion plans at risk. We also noted that power-grid limits and growing local opposition could further slow the pace at which new computing capacity comes online—an important backdrop as cloud providers race to add AI-ready infrastructure.
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