Amazon guides AWS to 40%+ growth through 2028, eyes $1T business in 5-10 years
mitchdeg · x · 2026-10-30
- Gene Munster on Amazon's earnings call: management wants the Street to see AMZN as an AI datacenter and chips company, not a retailer.
- Amazon unusually issued two-year guidance: AWS revenue growing 40%+ in both 2027 and 2028, above the just-reported 39%; it typically guides only one quarter out.
- Management says AWS will be a trillion-dollar business in 5-10 years, versus the Street's $306B CY28 estimate. mitchdeg adds that AI and cloud TAMs are far bigger than most believe.
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