May 07, 2025 | Posted by Abdul-Rahman Oladimeji
Amazon Web Services (AWS) brought in $29.3 billion in Q1 2025, up 17 percent year over year (YoY). Despite the number being higher than the previous quarter's $28.8 billion, this was the slowest growth seen by the company in the past year. Amazon CEO Andy Jassy and CFO Brian Olsavsky remain positive with the cloud business segment's performance, noting that it is currently on track for a $117bn annualized revenue run rate.
Jassy acknowledged that AWS has been bringing a lot of "P5" Instances live in the last quarter, which feature Nvidia GPUs, as well as instances with its own Trainium2 chips "as fast as we can," adding that "as fast as we actually put the capacity in, its being consumed."
"I think we could be helping more customers and driving more revenue for the business if we had more capacity. We have a lot more Trainium2 instances and the next generation of Nvidia’s instances landing in the coming months," he continued, though noted that some elements of the supply chain are a bit "jammed up." Jassy said that he believes this will improve as the year proceeds.
