๐ป AWS's Road to a Trillion
โข AWS revenue grew 36.7% YoY to $42.2B in Q2 2026 โ the fastest pace in 18 quarters, narrowing Azure's lead from 16 points to just 6.
โข CEO Andy Jassy says AWS has the potential to become a $1 trillion revenue business, against a current $169B annualized run rate.
โข Amazon raised 2026 capex to $220B; trailing free cash flow flipped to negative $7.6B as spending outpaces cash generation.
โข AWS's $496B backlog is smallest of the "big three" cloud players, behind Microsoft's $678B and Google's $514B.
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