positive
Recently
Cloud Division Surge Drives Amazon’s Q3 Performance
Amazon’s Q3 earnings beat expectations as AWS revenue surged 20%, while restructuring efforts targeted profitability and AI-powered cloud growth.
Strong growth in Amazon Web Services lifted the company’s overall results, with Q3 cloud revenue jumping 20% year-on-year to $29.6 billion. Shares spiked 13% in after-hours trading following the announcement. The company also revealed plans to streamline operations, cutting 14,000 roles to improve margins and focus on AI-driven infrastructure. Analysts said the performance demonstrates Amazon’s successful pivot toward profit-oriented expansion. Management reaffirmed its FY26 outlook, emphasizing generative AI workloads and continued investments in regional data centers as the next leg of AWS-driven growth.