AWS Revenue Surges 28% as AI Workloads Drive Cloud Spending

Amazon Web Services posted $37.58 billion in Q1 revenue, up 28% year-over-year—its fastest pace in 15 quarters. Operating margins hit 37%. The $2 billion jump from the previous quarter arrived despite Q1's traditionally slower spending period, suggesting enterprise AI projects are now driving cloud spending independent of seasonal swings. AWS is expanding profits while scaling capital investment—a rare combination in infrastructure buildouts.