Amazon.com on Wednesday posted higher first-quarter revenue and profit, driven by robust growth in its AI-powered services and cloud computing business.
Revenue climbed 17% to $181.5 billion, while net income jumped 77% to $30.3 billion. Both figures exceeded Wall Street expectations. The profit surge was partly fueled by pretax gains from the company’s investment in Anthropic.
Amazon Web Services (AWS), the company’s most profitable segment, saw revenue rise 28% from a year earlier.
For the current quarter, Amazon forecast revenue between $194 billion and $199 billion and operating profit of $20 billion to $24 billion.
The results come as Amazon’s aggressive expansion appears well-timed. The company added more server capacity than any other firm in 2025 and has pledged to accelerate data center construction this year to meet surging demand for AI tools. That demand is currently outpacing supply of chips and storage, leading to outages and higher prices.
Amazon’s $200 billion capital spending plan announced in February — a 60% increase from the prior year — initially drew skepticism and sent shares lower. It now looks prescient amid the AI boom.
“I’m very optimistic about what’s ahead for our customers and Amazon,” CEO Andy Jassy said in the earnings release.