Acute respiratory failure is the leading cause of death in severe COVID-19. By combining rapid tissue sampling at autopsy with high dimensional analyses, including measurement of immune cells, proteins and RNA, unparalleled insights into the mechanisms of dysregulated inflammation in COVID-19 have been obtained1–4. Here we summarise some of the conceptual advances revealed by post-mortem studies of severe COVID-19, and make particular reference to the apparent dominance of macrophages, how this may relate to disease pathophysiology, and the opportunities for targeted therapeutic intervention.ACM is supported by a Medical Research Council Clinician Scientist Fellowship (MR/V006118/1). CDL is supported by a Wellcome Trust Clinical Research Career Development Fellowship (206566/Z/17/Z) and receives funding from the UKRI-NIHR COVID-19 Call (MR/V028790/1). PPV is supported by a Wellcome Trust PhD Training Fellowship for Clinicians (214179/Z/18/Z)