AMZN · News · 20260923N

AWS Backlog and Capacity

AMAZON COM INC · 2026-09-23 · Importance 56 · Surprise 24

Amazon’s AWS backlog reportedly reached $496 billion, indicating substantial contracted cloud demand. The report links the backlog to Amazon’s ongoing data-center investment and says AWS cloud margin reached 39%. The scale of the backlog supports continued AI infrastructure spending, although the article notes that Amazon is spending heavily on data centers.