Amazon AWS Poised for 30% Growth as Anthropic Boosts ARR to $30B
Amazon’s AWS unit is poised for 30% quarterly revenue growth driven by a surge in Anthropic’s cloud computing spend, with Anthropic’s annual recurring revenue jumping from $9 billion to $30 billion since December 2025. Amazon’s $8 billion investment and $60.6 billion Anthropic stake valuation boost potential balance-sheet gains.
1. Q1 AWS Revenue Forecast
Amazon expects AWS revenue to grow roughly 30% year-over-year in its fiscal first quarter, accelerating from the 20% growth recorded in 2025. This projection reflects increased capacity usage and client expansion driven by AI workloads.
2. Anthropic Cloud Partnership
Anthropic’s annual recurring revenue surged from $9 billion in December 2025 to $30 billion by early April 2026, with AWS accounting for an estimated 60% of its cloud spend. The AI startup recently launched Claude Opus 4.7 and the restricted Claude Mythos model, underscoring rising demand for advanced compute resources.
3. Amazon’s Anthropic Investments
Since late 2023, Amazon has invested $8 billion in Anthropic and holds $45.8 billion in convertible notes plus $14.8 billion in nonvoting preferred stock, valuing its total stake at $60.6 billion. These holdings position Amazon to recognize significant gains if Anthropic’s valuation climbs further.
4. Additional AI and Chip Growth Drivers
Beyond Anthropic, AWS is benefiting from broader AI demand and chip sales, with Trainium chips generating over $20 billion in revenue. CEO Andy Jassy has signaled willingness to sell Trainium to third parties, offering another avenue for growth.