Jason Yanowitz

speaker
1,798 appearances 2 recordings 2 series first heard Apr 2020 last heard 29 Apr

Jason Yanowitz’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 1 in all, peaking in Apr 2026 with 1.

Appearances

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For Amazon.
Everyone wants to see strong AWS acceleration to justify the Mag7 topping CapEx numbers.
They got it at $200 billion in CapEx in 2026, so expect a lot of focus on AWS revenue growth and margins.
Q4 was healthy, though.
Net sales up 14% for Amazon, AWS growing at 24%.
The sneakily huge ads business over at Amazon,
grew 23% to $21.3 billion.
They're almost making $100 billion a year just on ads.
That's remarkable.
And that's a lot of cash flow to fund CapEx and other AI initiatives.
And so operating income overall was $25 billion for last quarter.
And they generated free cash flow of $11.2 billion.
So still
huge cash flows.
They're obviously drawing down on those and that 11.2 billion number was down because of increased AI spending.
So if AWS accelerates, all the CapEx looks like buying scarce capacity ahead of demand.
They will be GPU rich or just compute rich generally at a time when it's good to be GPU rich and compute rich and they will look like geniuses.
So people are hoping for
strong AWS acceleration.
Consensus for AWS revenue is around $36.7 billion, with growth in the mid-20% range.
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