Microsoft Q3 FY26: revenue $82.9B, Azure +40%, capex $30.9B
Revenue rose 18% to $82.9 billion and GAAP EPS was $4.27, up 23%. Azure and other cloud services grew 40% (39% in constant currency), and Intelligent Cloud revenue rose 30% to $34.7 billion. Capex additions to property and equipment were $30.9 billion, up from $16.7 billion a year earlier, and More Personal Computing fell 1%.
- Revenue $82,886M, up 18%
- GAAP EPS $4.27 (up 23%); non-GAAP EPS $4.27 (up 21%)
- Azure and other cloud services up 40% (39% constant currency)
- Intelligent Cloud $34,681M, up 30%; Productivity and Business Processes $35,013M, up 17%; More Personal Computing $13,192M, down 1%
- Capex (additions to property and equipment) $30,876M vs $16,745M a year earlier
MSFT around the story · hourly24 h reaction ▼ 5.49%
Moves this explains
MSFT−4.02%Apr 29 · Fell about 4% (roughly 5% intraday) the day after fiscal Q3 results beat estimates, because capital spending jumped and investors focused on the cost of the AI build-out. Management had already guided calendar 2026 capex to about $190 billion in the results released the evening before.NVDA−5.23%Apr 29 · Fell 5.23% on the day Microsoft fell 4.02% after its fiscal Q3 report, which showed capex rising and about $190B of calendar 2026 capex guidance; the S&P 500 rose 0.88%. The move coincided with investor concern over AI spending, but no specific cause for Nvidia's decline is reported.Source
SEC EDGAR (Form 8-K, Exhibit 99.1)Apr 29, 2026
SEC filing 8-K · accession 0001193125-26-191457 · sec.gov ↗