Amazon Nova Premier vs Step 5 Preview
Amazon · US | StepFun · China · Updated June 2026
Quick verdict
Pick Amazon Nova Premier for 1m-token context with deep aws bedrock integration or amazon's most capable nova model, positioned as a 'teacher' for distilling smaller models. Pick Step 5 Preview for sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents or 1m-token context window (64k max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available. On a tight budget at scale, Step 5 Preview is the value pick.
Amazon Nova Premier (Amazon, US) and Step 5 Preview (StepFun, China) line up two different AI ecosystems against each other — a comparison that is as much about cost philosophy and openness as raw capability. Amazon Nova Premier is amazon's flagship 1M-context Nova model on AWS Bedrock - a useful ecosystem anchor and distillation teacher, but weak and pricey on independent intelligence. Step 5 Preview is stepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October. Their biggest split is price, and the breakdown below shows exactly how that plays out for your workload.
Key differences at a glance
- ▸Price: Step 5 Preview is about 2.5× cheaper on input ($1/$2.7 per 1M tokens vs $2.5/$12.5 per 1M tokens) — meaningful once you are processing millions of tokens a month.
- ▸Context window: both advertise 1M (~1,500 pages). Tie on paper — test on your own long inputs, since usable recall varies by model.
- ▸Recency: Step 5 Preview is the newer model by about 17 months (released September 20, 2026), usually meaning fresher training data and capabilities.
- ▸Ecosystem: this is a US-vs-China matchup — they differ in pricing philosophy, data-residency options, and tooling ecosystems, not only benchmarks.
Side-by-side specs
| Spec | Amazon Nova Premier | Step 5 Preview |
|---|---|---|
| Provider | Amazon (US) | StepFun (China) |
| Released | April 30, 2025 | September 20, 2026 |
| Context window | 1M (~1,500 pages) | 1M tokens (~1,500 pages) |
| Price (in/out) | $2.5/$12.5 per 1M tokens | $1/$2.7 per 1M tokens |
| Open weight? | No — API only | No — API only |
| Modalities | text, image | text, image, code |
| SWE-Bench Verified | Not published | Not published |
| MRCR v2 @ 1M | Not published | Not published |
Who wins what
1M-token context with deep AWS Bedrock integration
Amazon Nova Premier
Amazon Nova Premier lists 1M-token context with deep AWS Bedrock integration among its strengths; Step 5 Preview does not.
Amazon's most capable Nova model, positioned as a 'teacher' for distilling smaller models
Amazon Nova Premier
Step 5 Preview is comparatively weak here — trails closed frontier models on coding — 67.7% on DeepSWE v1.1 vs GPT-6 Astra's 74.1% and Claude Opus 5's 74.0%
A natural fit for teams already building on AWS
Amazon Nova Premier
Amazon Nova Premier lists a natural fit for teams already building on AWS among its strengths; Step 5 Preview does not.
Sparse MoE architecture — 600B total parameters, only 27B active per token — built for long-horizon agentic work across large codebases and documents
Step 5 Preview
Amazon Nova Premier is comparatively weak here — expensive for its score at $2.50/$12.50 per million tokens
1M-token context window (64K max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available
Step 5 Preview
At $1/$2.7 per 1M tokens it undercuts Amazon Nova Premier ($2.5/$12.5 per 1M tokens), and that gap compounds at volume.
67.7% on DeepSWE v1.1, ahead of open-weight rivals Kimi K3 (67.5%) and GLM-5.3 (66.9%)
Step 5 Preview
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October — and it runs cheaper at $1/$2.7 per 1M tokens.
Lowest cost at scale
Step 5 Preview
At $1/$2.7 per 1M tokens, it is the cheaper of the two — the gap dominates the bill on high-volume workloads.
Which should you pick?
A cost-sensitive startup shipping high volume
→ Step 5 Preview
At $1/$2.7 per 1M tokens it undercuts Amazon Nova Premier, and on millions of tokens that margin decides the monthly bill.
Anyone whose priority is 1m-token context with deep aws bedrock integration
→ Amazon Nova Premier
It is specifically built for that.
Anyone whose priority is sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents
→ Step 5 Preview
That is its strongest area.
An enterprise with regional data-residency rules
→ Amazon Nova Premier or Step 5 Preview
Origin (US vs China) affects where data is processed and which compliance regime applies — check the provider's terms for your region.
Amazon Nova Premier: where it fits
Amazon's flagship 1M-context Nova model on AWS Bedrock - a useful ecosystem anchor and distillation teacher, but weak and pricey on independent intelligence. Released April 30, 2025 by Amazon, it is built for 1M-token context with deep AWS Bedrock integration, amazon's most capable Nova model, positioned as a 'teacher' for distilling smaller models, a natural fit for teams already building on AWS, and multimodal input for complex reasoning across text and images.
Its trade-offs are real: weak on independent intelligence - Artificial Analysis Intelligence Index of 13, below average for its tier, expensive for its score at $2.50/$12.50 per million tokens, a 2025 model - older than the 2026 frontier it competes against, and sources disagree on modalities (Amazon cites image input; some evaluations list text-only). At $2.5 in / $12.5 out per million tokens, it sits in the mid price band.
Step 5 Preview: where it fits
StepFun's September 20, 2026 flagship preview — a 600B-parameter sparse MoE model (27B active) with a 1M-token context window at $1/$2.70 per million tokens, open weights promised for mid-October. Released September 20, 2026 by StepFun, it is built for sparse MoE architecture — 600B total parameters, only 27B active per token — built for long-horizon agentic work across large codebases and documents, 1M-token context window (64K max output) at $1/$2.70 per million tokens, among the cheapest frontier-scale context windows available, 67.7% on DeepSWE v1.1, ahead of open-weight rivals Kimi K3 (67.5%) and GLM-5.3 (66.9%), and scores 44 on the Artificial Analysis Intelligence Index, ranking 27th of 653 models tracked.
Its trade-offs: trails closed frontier models on coding — 67.7% on DeepSWE v1.1 vs GPT-6 Astra's 74.1% and Claude Opus 5's 74.0%, open weights were promised for October 15, 2026 but hadn't shipped as of this writing — API-only for now despite the open-weight roadmap, a 'Preview' release, not StepFun's finished flagship — positioning and pricing may change once weights ship, and stepCodeBench and DeepSWE figures are StepFun's own reported numbers, not yet independently reproduced at scale. At $1 in / $2.7 out per million tokens, it sits in the budget price band.
The bottom line for this matchup
This is less "which is smarter" and more "which ecosystem fits." Amazon Nova Premier (US) and Step 5 Preview (China) differ on pricing philosophy, data-residency, and tooling as much as on raw scores. Step 5 Preview is the cheaper option, which matters at volume. The pragmatic move is to run one real task through both and judge the outputs against your own constraints — including where your data is allowed to be processed.
Want both Amazon Nova Premier and Step 5 Preview without two subscriptions? LumiChats gives you these plus 40+ models under one ₹69/day pass (about $1/day) — draft with one, cross-check with the other.
See pricingFrequently asked questions
Is Amazon Nova Premier or Step 5 Preview better for coding?
Public SWE-Bench figures are not available for either model, so the honest test is your own repository — run an identical real bug through both. By design, Amazon Nova Premier leans toward 1m-token context with deep aws bedrock integration while Step 5 Preview leans toward sparse moe architecture — 600b total parameters, only 27b active per token — built for long-horizon agentic work across large codebases and documents, and that positioning usually predicts which feels better on your codebase.
Which is cheaper, Amazon Nova Premier or Step 5 Preview?
Step 5 Preview is cheaper — $2.5/$12.5 per 1M tokens vs $1/$2.7 per 1M tokens, roughly 2.5× apart on input.
Which has the bigger context window?
Both advertise 1M (~1,500 pages). Remember advertised ≠ usable: recall typically degrades before the ceiling.
Can I use both Amazon Nova Premier and Step 5 Preview together?
Yes — a multi-model platform like LumiChats gives you Amazon Nova Premier, Step 5 Preview and 40+ others under one ₹69/day pass (about $1/day), so you can draft with one and cross-check with the other instead of buying two subscriptions.
Which is newer, Amazon Nova Premier or Step 5 Preview?
Step 5 Preview — released September 20, 2026, about 17 months after Amazon Nova Premier.
Related comparisons
Specifications and benchmarks reflect publicly reported figures as of June 2026 and may change as providers release updates. Always verify on your own workload.