AWS: $600B by 2036
Amazon says AWS could hit $600 billion in annual revenue by 2036, doubling prior projections as enterprise AI adoption accelerates. CEO Andy Jassy pointed to generative AI, custom silicon and hyperscale architectures—and AWS CEO Matt Garman is backing that push with roughly $12 billion in new data‑center and chip investment. (reuters.com) (observer.com)
Andy Jassy told employees at an internal all‑hands that AI could lift AWS to $600 billion in annual revenue by 2036, marking a raise from his previous internal 10‑year view of roughly $300 billion. (reuters.com) (finance.yahoo.com) AWS reported $128.7 billion in full‑year revenue for 2025, and reaching $600 billion by 2036 implies roughly a 16–17% annual growth rate if measured over the next decade (inference based on 2025 results). (aboutamazon.com / amazon earnings release) (s2.q4cdn.com) Amazon told investors it will ramp capital expenditures to about $200 billion in 2026 with most spending earmarked for data centers and AI infrastructure, a commitment that underpins the scale of Jassy’s $600B projection. (cnbc.com) (cnbc.com) AWS is accelerating development of homegrown AI silicon and fleet scaleer architectures—Amazon’s leadership has pointed to Graviton/Trainium‑class chips and other custom processors as key cost and performance levers for generative‑AI workloads. (aboutamazon.com / Amazon CEO letter) (aboutamazon.com) AWS CEO Matt Garman is executing that infrastructure buildout, including a recently announced roughly $12 billion plan for multiple hyperscale data‑center campuses in Caddo and Bossier parishes, and Amazon Data Services’ $427 million purchase of George Washington University’s Ashburn campus for future cloud facilities. (aboutamazon.com / northernvirginiamag) (aboutamazon.com) Markets reacted to the spending pivot: after Amazon disclosed the elevated 2026 capex plan, shares plunged in after‑hours trading—down about 11.5% on the Feb. 5 earnings release—highlighting investor concern over near‑term returns even as AWS pushes long‑term AI scale. (reuters.com / geekwire.com) (finance.yahoo.com)
