# Revenue at Amazon Web Services (AWS) jumped 28% to $37.6 billion in the first quarter.

*business · news · 2026-04-29 · MarketScreener*

## Key points

- Amazon Web Services' Q1 revenue grew 28% to $37.6 billion, surpassing analyst expectations.
- Amazon deepened partnerships with OpenAI and Anthropic, securing exclusive model and investment deals.
- Amazon's Q1 capital expenditures rose 76% year-over-year to $44.2 billion, beating estimates.
- Anthropic committed to spending over $100 billion on AWS services over the next decade.
- AI services at AWS are now generating more than $15 billion in annualized revenue.

**Companies:** Amazon.com, Alphabet, OpenAI, Anthropic
**Countries:** United States, India

[Read the full story on MarketScreener](https://www.marketscreener.com/news/amazon-tops-cloud-expectations-on-strong-ai-demand-shares-rise-ce7f58dad18ef22d)

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