Microsoft Corporation reported robust third-quarter fiscal 2026 results on March 31, 2026, with revenues reaching $82.9 billion, an 18% increase year over year. The company’s AI business exceeded a $37 billion annualized revenue run rate, marking a remarkable 123% growth compared to the previous year. Azure and cloud services revenue grew by 40%, while Intelligent Cloud revenues increased by 30% to $34.7 billion.
Microsoft 365 Copilot rapidly expanded, exceeding 20 million paid seats, with seat additions rising by 250% year over year. The company anticipates fourth-quarter revenues between $86.7-$87.8 billion, with Azure growth projected at 39%-40% in constant currency. However, capital expenditures reached $31.9 billion for the quarter, with guidance exceeding $40 billion for Q4 and about $190 billion for fiscal 2026.
In comparison, Oracle reported second-quarter fiscal 2026 revenues of $4.1 billion for its Cloud Infrastructure, indicating a 68% increase. Meanwhile, Amazon Web Services posted first-quarter 2026 revenues of $37.6 billion, with its AI business surpassing a $15 billion annualized run rate, demonstrating a competitive surge in enterprise AI.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
