Amazon reports increased in profits and sales for 1Q

Denise 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 Francisco. (AP Photo/Jeff Chiu) Copyright 2026 The Associated Press. All rights reserved

By Anne D'innocenzio, The Associated Press

Posted Apr 29, 2026 05:23:22 PM.

Last Updated Apr 29, 2026 05:33:37 PM.

New York (AP) — Amazon on Wednesday reported a strong increase in profits and revenue during its fiscal first quarter, helped by surging growth in its prominent cloud computing unit.

The e-commerce and technology company said that sales in its cloud computing unit were up by 28%, the fastest increase in 15 quarters.

The number surpassed Amazon Web Services’ 24% growth in the fourth quarter, which followed 20% growth in the third quarter.

Anne D’innocenzio, The Associated Press

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