Amazon Web Services posted $37.6B in Q1 revenue, its fastest growth in nearly 4 years, driven entirely by AI infrastructure demand.
Amazon reported Q1 2025 earnings with AWS revenue hitting $37.6 billion, up 28% year-over-year — the fastest growth rate in 15 quarters. CEO Andy Jassy credited AI compute demand as the primary driver and noted AWS's AI business now runs at a $15B+ annual revenue rate. Amazon's total revenue rose 17% to $181.5 billion. Jassy confirmed capex spending will continue to accelerate in proportion to AWS growth, with no signs of a pullback.
28% growth and $15B AI revenue run rate means AWS is investing heavily in GPU availability, new regions, and AI-native services. Developers betting on AWS for AI compute are on the winning infrastructure side — expect continued service expansion, not contraction. The capex surge signals more GPUs, faster networking, and new managed AI services in the pipeline.
If you're currently on a multi-cloud or 'evaluate AWS vs. Azure' cycle, the AWS momentum data makes the case for standardizing on AWS for AI workloads — run a cost comparison on AWS Bedrock vs. your current AI API spend this week and calculate your break-even.
Go to calculator.aws and click 'Create estimate'
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