AWS CEO Matt Garman announced that the company plans capital expenditures of approximately $220 billion for 2026. This investment strategy is supported by a diversified client base, where the largest customer accounts for a single-digit percentage of total revenue.
The company reports annual revenue between $169 billion and $170 billion, representing a 37% year-over-year increase. Startups currently contribute an estimated 30–40% of the total revenue for AWS.
The AI revenue run rate for AWS exceeded $15 billion in the first quarter of 2026, with forecasts projecting it to surpass $25 billion. Additionally, the Amazon Bedrock platform has experienced 170% revenue growth in certain periods.
Demand for AI infrastructure remains high, as capacity for Trainium chips is sold out for the next year. AWS also notes that its Graviton processors provide roughly 20% better cost-performance for various tasks.
AWS maintains a neutral position in the AI market through partnerships with Anthropic and OpenAI. According to survey data cited by Garman, 90% of CIOs expect positive returns on their current AI initiatives.
