Amazon
AMZNQ3 2024(AMZN Q2 FY2024)Stated2.3% AI
AI Revenue %
2.3%
AI Fair Value
$53.3B
AI Revenue (Q)
$3.4B
Total Revenue (Q)
$148.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
AWS Q2 2024 revenue was $26,281M out of total $147,977M (17.8%). AWS AI services continued to accelerate. Bedrock model selection expanded significantly. Amazon Q (enterprise AI assistant) launched. Management indicated on earnings calls that AI services had a multi-billion dollar annual run rate and were growing triple-digit percentages. Estimating ~13% of AWS as AI/ML. Math: $26,281M × 0.13 = $3,417M / $147,977M = 2.3%.
Analyzed by claude-opus-4-6
Quoted Figures
AWS Net sales $26,281 [Three Months Ended June 30, 2024]
10-Q 2024-06-30, Segment Information
effective January 1, 2024 we changed our estimate of the useful lives for our servers from five to six years
10-Q 2024-06-30, Note 1
AI Products Identified (Ring 1)
Amazon BedrockAmazon SageMakerAmazon QTrainium instancesInferentia2 instances
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 computeS3 storageRDSLambdanetworking
Confidence Tier
StatedAI figures cited by management on earnings calls