Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany on February 25, 2026.
Sven Hoppe | Picture Alliance | Getty Images
microsoft On Wednesday, the company announced stronger third-quarter results than analysts expected.
Here’s how the company performed compared to the LSEG consensus:
Earnings per share: $4.27 adjusted vs. $4.06 expected Revenue: $82.89 billion vs. $81.39 billion expected
Microsoft’s revenue for the quarter ended March 31 increased 18% from a year earlier, according to the statement.
Net income was $31.78 billion, or $4.27 per share, up from $25.82 billion, or $3.46 per share, in the year-ago period. Adjusted earnings exclude a $14 million reduction in net income from Microsoft’s OpenAI investment.
Microsoft reported capital spending and finance leases of $31.9 billion for the quarter, an increase of 49% and below the $34.9 billion consensus of analysts surveyed by Visible Alpha.
Microsoft’s revenue from Azure and other cloud services soared 40%. Analyst estimates compiled by Street Account and CNBC were 39.3% and 38.8%, respectively.
Overall revenue for the Intelligent Cloud segment, which includes Azure, server products, GitHub and Nuance cloud services, was $34.68 billion. This amount exceeded the $34.27 billion consensus of analysts surveyed by Street Account.
Revenue from Microsoft’s Productivity and Business Processes segment, which includes Office productivity software, LinkedIn, and Dynamics business software, totaled $35.01 billion. The figure increased about 17% and beat the Street account consensus of $34.43 billion.
During the quarter, our most senior leader in Office software, Rajesh Jha, announced plans to retire, as did our head of gaming, Phil Spencer.
Executives will discuss the results with analysts and provide guidance on a conference call beginning at 5:30 p.m. ET.
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