Amazon CEO Andy Jassy Projects AWS to Reach Trillion‑Dollar Revenue in 5–10 Years

During Amazon’s earnings call, Andy Jassy reiterated that Amazon Web Services (AWS) could become a trillion‑dollar annual revenue business within the next five to ten years. He said the company will need to increase capital expenditures, with 2026 capex projected at about $220 billion—most of which will be allocated to AWS infrastructure—and expects to spend even more in 2027. AWS revenue grew 39 % YoY in the most recent quarter, and Jassy forecast 40 % growth for 2027 and 2028, driven by enterprise adoption of AI workloads. Investors questioned the size of the investment and the profitability of the expansion, but Jassy described the AI boom as a “once in a lifetime opportunity” that justifies the spending. Shares fell roughly 6 % in after‑market trading following the call.