After months of anxiety over whether Amazon could keep up with Microsoft and Google in the cloud race, the company finally put a number to its answer

Investors were likely pleased with a re-acceleration in Amazon's closely watched cloud computing unit, which reported $33 billion in sales, up 20% year-over-year and topping analyst estimates.

Amazon shares jumped 10% as the company's third quarter numbers beat Wall Street forecasts on the top and bottom lines by a lot and by even more for the closely watched Amazon Web Services, or AWS, division.

E-commerce and cloud computing giant Amazon (AMZN) impressed investors with its market-beating third-quarter results, with strong growth in its Amazon Web Services (AWS) cloud computing unit. Top analysts at Evercore and Canaccord raised their price targets for Amazon stock following the impressive Q3 print.

Amazon (AMZN) issued its Q3 2025 earnings report on Thursday. The company has shown profitability across multiple avenues. One of the segments that the company focused on, in particular, was Amazon Web Services. AWS segment sales have increased 20 percent year-over-year to $33 billion USD.

“AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY,” Andy Jassy, the president and CEO of Amazon, said in the company’s earnings announcement. “We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity — adding more than 3.8 gigawatts in the past 12 months.”

Amazon.com, Inc. outperformed expectations for Q3 2025, with AWS and Ads growth accelerating. Learn more about AMZN stock here.

Amazon will report its quarterly earnings on Tuesday, following a massive AWS outage and amid concerns about its AI growth.

In its financial results for the third quarter ending September 30, 2025, Amazon’s net sales climbed 13% year-over-year to $180.2 billion, up from $158.9 billion in the same period of 2024. Excluding foreign exchange tailwinds, sales were up 12%.

Amazon will report earnings after the closing bell on Thursday. Analysts want updates on AI progress, AWS, and retail margins.