AWS revenue jumps 39.3% to $46 billion in Q3
In short
Amazon Web Services said its revenue rose 39.3% to $46 billion in the third quarter. That was its fastest growth in nearly five years, but free cash flow turned negative at $42.4 billion.
This matters because strong cloud growth is good for Amazon, but heavy AI spending can pressure cash. The report does not say when the spending will ease or how quickly cash flow may improve.
What the reporting says
Amazon Web Services revenue rose 39.3% to $46 billion in the third quarter, its fastest growth in nearly five years, according to the publisher summary. The report says AI-driven capital spending is weighing on cash flow, with free cash flow turning negative at $42.4 billion. What remains unclear is how long the spending pressure will continue or when cash flow may recover.
Why it matters
Amazon Web Services reported third-quarter revenue of $46 billion, up 39.3%, marking its fastest growth in nearly five years. The same summary says AI-related capital spending pushed free cash flow to negative $42.4 billion. That combination suggests strong demand but heavier near-term investment pressure. The report does not provide the company’s outlook or a timeline for cash flow normalization.