Amazon reported $45.984 billion in AWS net sales for the quarter ended September 30, 2026, up 39.3% year over year. The company announced the results on October 29. Its release also described a $184 billion annualized revenue run rate, a measure of the quarter’s pace rather than revenue recorded over a full year. Amazon’s Q3 2026 earnings release
AWS sales growth reached 39.3% in Q3
AWS sales rose from $33.006 billion in Q3 2025 to $45.984 billion in Q3 2026. Amazon’s headline and CEO statement give growth of 39.3%; the detailed financial table rounds the rate to 39%.
The same table shows how year-over-year growth changed over five consecutive quarters:
| Quarter | AWS sales growth year over year |
| Q3 2025 | 20% |
| Q4 2025 | 24% |
| Q1 2026 | 28% |
| Q2 2026 | 37% |
| Q3 2026 | 39% |
Bedrock usage grew, but its figures are not a sales breakdown
Amazon said Fortune 500 companies’ spending on Amazon Bedrock was nearly seven times the year-earlier level, while total Bedrock token volume was nearly 17 times as high. Those measures describe spending and usage; they do not assign a portion of AWS’s sales growth to AI. For a closer look at one Bedrock offering, see NeoTeo’s overview of Amazon Bedrock Managed Agents.
AWS operating income and margin
AWS recorded $17.773 billion in operating income, up 55% from $11.434 billion a year earlier. Its operating margin, operating income as a share of sales, was 38.7%. That was higher than the 34.6% margin in Q3 2025 and lower than the 39.4% reported in Q2 2026. Amazon’s Q3 2026 earnings release
Garman described committed spend and a future NVIDIA GPU plan
In an October 30 interview, AWS CEO Matt Garman said AWS had more than $280 billion in committed spend. He also said AWS and NVIDIA planned to deploy more than 2 million NVIDIA GPUs across AWS over the two years following the interview. The deployment was a plan, not a completed installation.
