Amazon reports increased 1Q profits and net sales fueled by cloud computing demand
Amazon reported higher first-quarter profits and net sales driven by strong growth in its cloud computing division, AWS, which saw a 28% sales increase—the fastest in 15 quarters. The company provided an optimistic sales forecast for the current quarter, surpassing expectations despite investor concerns over its $200 billion planned investment in AI and related technologies. Amazon's partnerships with OpenAI, Anthropic, and Meta bolstered its cloud momentum, even as rising tariff and shipping costs posed challenges to its e-commerce segment.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onAmazon reports increased 1Q profits and net sales fueled by cloud computing demandAmazon is reporting increased profits and net sales during its fiscal first quarter, helped by surging growth in its prominent cloud computing unitByANNE D'INNOCENZIO AP retail writerApril 29, 2026, 4:21 PM1:24Denise Dresser, chief revenue officer of OpenAI, second right, speaks on stage with Julia White, vice president & chief marketing officer, AWS, from left, Matt Garman, CEO of AWS, and Anthony Liguori, vice president and distinguished engineer, AWS, at a What's Next with AWS event, Tuesday, April 28, 2026, in San…
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