Microsoft (MSFT) Earnings: What to Expect This Quarter
May 10 00:03Microsoft (MSFT) reported its earnings on April 29, 2026. The company delivered quarterly revenue of $82.9 billion and diluted EPS of $4.27, both surpassing analyst expectations, driven by strong cloud and AI demand. As the industry monitors Microsoft’s hefty capital expenditure for AI and cloud, investors remain focused on the company’s ability to sustain growth and maintain margin efficiency.
Microsoft Business Overview
Microsoft (MSFT) delivered robust Q3 FY2026 results, reporting 18% year-over-year revenue growth to $82.9 billion, underpinned by surging demand for Microsoft Cloud, which climbed 29% and now leads the company's expansion. Key milestones include a $37 billion AI revenue run rate and sustained momentum in Azure and enterprise AI platforms. While continuous investment in AI infrastructure drives ongoing operational gains, it also heightens capital intensity, reflecting the industry’s delicate balance between scaling innovation and managing macroeconomic volatility.
Microsoft Earnings Recap: Performance & Highlights
Microsoft (MSFT) decisively beat consensus in Q3 2026, posting revenue of $82.89B (+18% YoY) and EPS of $4.27 (+23% YoY), both above analyst expectations. Strong cloud and AI-driven momentum powered results, with net income up 23%. Management’s guidance anticipates continued strength, though increased AI investments have pressured margins. Shares traded slightly lower post-earnings as investors digested CapEx growth and forward spending plans.
Unlock Deeper Insights: As Canada's first AI-powered brokerage, moomoo leverages advanced technology to filter market noise. Instead of digging through transcripts, use moomoo AI to instantly transform complex data into actionable summaries.
Explore moomoo AI features now →
Microsoft Price Target & Analyst Ratings
Wall Street analysts remain overwhelmingly bullish on Microsoft, citing robust double-digit revenue and earnings growth, a rapidly expanding AI business with a $37B run rate, and accelerating cloud demand, especially through Azure. Despite substantial capital expenditures tied to AI infrastructure, analysts are encouraged by strong execution, leading margins, and differentiated cloud leadership. However, some note the company’s heavy investment cycle and regulatory/tax risks as moderating factors.
Latest Microsoft Earnings News
NEWMicrosoft Delivers Strong Q3 FY2026 Earnings, Cloud and AI Drive Double-Digit Growth
Microsoft reported Q3 FY2026 revenue of $82.9 billion, up 18% year-over-year, with net income surging 23% to $31.8 billion and diluted EPS up 23% to $4.27. Cloud revenues soared—Azure grew 40%—as demand for AI-powered services remained robust, while management highlighted significant capital investments to meet ongoing demand and confirmed a quarterly dividend of $0.91 per share.
Microsoft May Delay 2030 Clean Energy Target Amid Data Center Expansion
Bloomberg reports Microsoft is considering postponing or revising its 2030 clean energy goal to accelerate data center construction, driven by surging AI and cloud infrastructure needs. While discussions are ongoing and no final decision has been made, the move underscores the tension between sustainability commitments and the explosive growth in energy-intensive AI workloads.
AI Analysis on Microsoft (MSFT)
Use AI-powered insights to analyze Microsoft's latest earnings report, evaluate key financial metrics, and identify market trends following the release.
Microsoft's Q3 2026 revenue grew by 18.3% year-over-year (YoY) to $82.89B.
The results surpassed Wall Street consensus of approximately $81.43B. This growth was primarily driven by robust expansion in cloud revenue (up 29% YoY, with Azure growing 40%) and accelerating AI product demand, although declining personal computing revenue and margin pressure from substantial AI infrastructure investments showed some pressure.
ⓘ AI-generated content does not constitute investment advice or guarantee accuracy. Use at your own risk or consult with a licensed advisor.
Explore More Earnings Opportunities
Just read about {Ticker_Symbol}? Curious about other market movers this week? Our Earnings Hub provides comprehensive coverage of upcoming reports and historical performance data across the market.
Ready for the Next Earnings Beat?
Download moomoo to unlock real-time calendars and AI-driven insights.
FAQs about Microsoft Earnings
Q1. When did Microsoft last report earnings?
Microsoft last reported earnings on April 29, 2026, for Q3 FY2026, posting $82.9B in revenue with 18% YoY growth.
Q2. What is Microsoft's Earnings Per Share (TTM)?
Microsoft's trailing twelve-month EPS stands at $4.27 as of Q3 2026, reflecting a 23% year-over-year increase from previous results.
Q3. When is the next Microsoft earnings date?
Microsoft's next earnings date is expected in late July 2026, though the exact date will be confirmed by the company closer to that quarter's end.
Q4. What are Microsoft's revenue forecasts for upcoming quarters?
Analysts project Microsoft's Q4 2026 revenue between $86.7B-$87.8B, with continued strength expected in cloud and AI business segments driving growth.
Q5. How did Microsoft stock react to the company's latest earnings report?
The market reacted positively to Microsoft's latest earnings, particularly noting Azure's 40% growth and exceeding revenue expectations across all business segments.
Moomoo Technologies Inc. is providing this content for information and educational use only. Read more