Microsoft exceeds third quarter revenue expectations driven by cloud and artificial intelligence growth

Apr 29, 2026, 8:39:05 PM UTC(1 day ago)

Impact: Medium

Affected Assets

Microsoft reported fiscal third quarter 2026 revenue of 82.89 billion dollars surpassing the analyst consensus of 81.46 billion dollars
Azure and other cloud services grew 39 percent in constant currency reversing a multi quarter trend of sequential deceleration
The company posted adjusted earnings per share of 4.27 dollars which beat the 4.03 dollar estimate provided by Wall Street analysts
Capital expenditure came in at 3.4 billion dollars below estimates providing a positive surprise regarding infrastructure spending efficiency
Despite the financial beat shares slipped 1 percent in after hours trading due to broader market concerns about long term software competition

Microsoft beat its Q3 revenue expectations by over $1 billion dollars. https://t.co/4itGRdOccW