Amazon
AMZNQ2 2022(AMZN Q1 FY2022)Stated1.1% AI
AI Revenue %
1.1%
AI Fair Value
$17.5B
AI Revenue (Q)
$1.3B
Total Revenue (Q)
$116.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AWS Q2 2022 revenue was $19,739M; deriving Q1 2022 AWS from H1 2022 ($38,180M) minus Q2 ($19,739M) = $18,441M out of total $116,444M (15.8% of revenue). AWS encompasses compute, storage, database, analytics, and ML services. In early 2022, AI/ML-specific services (SageMaker, ML instances) were a small fraction of AWS. Conservatively estimating ~7% of AWS revenue was AI/ML-specific. Math: $18,441M × 0.07 = $1,291M AI revenue / $116,444M total = 1.1%.
Analyzed by claude-opus-4-6
Quoted Figures
AWS Net sales $18,441 [Q1 2022, derived from H1 $38,180M minus Q2 $19,739M]
10-Q 2022-06-30, Segment Information
The AWS segment consists of amounts earned from global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions.
10-Q 2022-06-30, Note 8
AI Products Identified (Ring 1)
Amazon SageMakerML instances (P4d, Inf1)Amazon RekognitionAmazon ComprehendAmazon ForecastAmazon Personalize
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
EC2 general computeS3 storageRDS databasesLambdanetworking services
Confidence Tier
StatedAI figures cited by management on earnings calls