Q3 Earnings: Andy Jassy on why AWS growth keeps accelerating

Key takeaways

• Amazon’s cloud and chip businesses are accelerating, driving stronger revenue and positioning the company for continued expansion.
• AWS grew 39.3%
  YoY

  Year over year — compared with the same period last year.

• Graviton and Trainium revenue commitments increased >20x
  YoY

  Year over year — compared with the same period last year.

• 30,000 UK jobs by 2030

What happened

Amazon announced its third‑quarter results on October 29, 2026, highlighting that Amazon Web Services grew 39.3% year‑over‑year, the fastest pace in almost five years. AWS’s chips business also expanded at triple‑digit rates, with revenue commitments for its Graviton and Trainium processors each rising more than 20‑fold from the prior year. The company reiterated its commitment to create 30,000 jobs for young people in the UK by 2030 and to invest €16 billion in Germany in 2027.

Why it matters

The strong AWS growth signals that enterprises are increasingly moving core and artificial‑intelligence workloads to Amazon’s cloud, reinforcing the company’s dominant market position. The explosive expansion of the chips segment indicates a new revenue engine that could offset margin pressure from other parts of the…

Short-term and longer-term

Short-term. Over the next few days, traders should watch for how the market reacts to the 39.3% AWS growth and the 20‑plus‑fold jump in chip commitments, as these figures could influence short‑term price swings.

Longer-term. For investors, the Q3 results reinforce Amazon’s position as a leading cloud provider and a growing chip manufacturer, suggesting a solid foundation for future earnings.