Amazon Posts 77% Net Income Surge on AWS Growth Acceleration, on April 29

According to Amazon’s Q1 2026 earnings report released on April 29, the company posted net income of $30.3 billion, up 77% year-over-year, exceeding market expectations. Revenue reached $181.5 billion, growing 17% compared to the prior year. AWS cloud business revenue hit $37.59 billion, up 28%—the fastest growth in 15 quarters—driven by accelerating AI infrastructure demand.