Amazon CEO Doubles AWS Revenue Target to Six Hundred Billion Dollars on AI Bet

AWS Revenue Target Doubles on AI Optimism

Amazon CEO Andy Jassy has dramatically raised his long-term outlook for Amazon Web Services, telling employees at an internal all-hands meeting that AI could push the cloud division to six hundred billion dollars in annual sales within a decade. The revised figure is double his own previous projection of three hundred billion dollars.

A Fivefold Leap from Current Scale

The target represents a nearly fivefold increase from where AWS stands today. The cloud division posted one hundred and twenty-eight point seven billion dollars in revenue during twenty twenty-five, growing twenty percent year on year. Reaching the six hundred billion dollar mark by roughly twenty thirty-six would require an average annual growth rate of about seventeen percent over the next decade.

Two Hundred Billion Dollar Spending Spree

Backing the projection is a colossal investment plan. Amazon has committed roughly two hundred billion dollars in capital expenditure for twenty twenty-six, with the bulk directed at AWS infrastructure including AI chips, data centres, and related technologies. Jassy has described the current AI boom as an extraordinarily unusual opportunity to permanently reshape the scale of AWS and Amazon as a whole.

The Competitive Arms Race

Amazon is not alone in its spending ambitions. Alphabet has guided twenty twenty-six capital spending to between one hundred and seventy-five billion and one hundred and eighty-five billion dollars. Microsoft spent thirty-seven point five billion in its most recent quarter alone. Combined, these hyperscalers are expected to invest well over six hundred billion dollars this year in AI infrastructure.

Enterprise AI Still in Early Innings

Jassy has framed AI demand as a barbell, with research laboratories on one end and routine enterprise automation on the other. He argues that the largest wave of spending will come from core enterprise production workloads that have not yet materialised, suggesting the real revenue surge is still ahead.