AWS AI revenue milestone

Amazon said its Amazon Web Services artificial intelligence business was running at more than $15 billion a year in the first quarter of 2026. (aboutamazon.com) Chief Executive Andy Jassy disclosed the figure in his 2025 shareholder letter, published April 9, 2026, and said the business was “ascending rapidly.” Reuters reported it was the first time Amazon had put a number on that artificial intelligence revenue stream. (aboutamazon.com) (finance.yahoo.com) A revenue run rate is an annualized snapshot based on the current pace of sales, not a full-year booked total. In this case, Amazon was describing the pace of artificial intelligence revenue inside Amazon Web Services as of the first quarter of 2026. (finance.yahoo.com) (aboutamazon.com) The update extends a trend Amazon had flagged a year earlier. In his 2024 shareholder letter, Jassy said Amazon’s artificial intelligence revenue was growing at triple-digit year-over-year rates and already represented a multi-billion-dollar annual revenue run rate. (aboutamazon.com) Amazon is tying that growth to the cloud unit’s role as the computing landlord for artificial intelligence workloads. Jassy said customers were choosing Amazon Web Services for artificial intelligence because it offers custom chips, large-scale data centers, model-building tools, and applications on one platform. (aboutamazon.com) The company paired that disclosure with another infrastructure number. Jassy said Amazon’s chip business, including Graviton processors, Trainium artificial intelligence chips, and Nitro networking cards, had doubled its annualized revenue run rate to more than $20 billion. (finance.yahoo.com) (aboutamazon.com) Investors have been weighing those growth claims against Amazon’s spending. Reuters said Amazon has backed the business with billions of dollars in investment, while Yahoo Finance reported Jassy argued returns on that capital should be “appealing” as adoption rises. (finance.yahoo.com 1) (finance.yahoo.com 2) Jassy framed the comparison against Amazon Web Services’ early history. He wrote that three years after Amazon Web Services launched commercially, it had a $58 million revenue run rate; three years into the current artificial intelligence wave, that figure had climbed past $15 billion. (aboutamazon.com) That leaves Amazon trying to show that artificial intelligence is no longer just a cost center inside Amazon Web Services. By putting a $15 billion run-rate figure on the business, Amazon gave investors a concrete yardstick for how big that bet has become. (aboutamazon.com) (finance.yahoo.com)