Amazon AWS Capacity Largely Sold Out Through 2027 With 2028 Commitments, CEO Jassy Says

Amazon Web Services cloud computing capacity is largely sold out through 2027, with significant customer commitments extending into 2028, CEO Andy Jassy announced. Relentless enterprise and AI lab demand drove AWS revenue up 37% year-over-year to $42.2 billion in Q2 2026, reaching a $169 billion annualized run rate. To meet infrastructure requirements, Amazon projected about $220 billion in capital expenditures for 2026, which contributed to a trailing 12-month free cash flow outflow of $7.6 billion. Meanwhile, Amazon's custom Trainium processors have secured more than $225 billion in future revenue commitments.