Microsoft Q3 Highlights: AI Revenue Up 123% YoY, Hits Annual Run Rate $37 Billion, Helps With Double Beat

benzinga_article
2026.04.30 01:19
portai
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Microsoft reported Q3 revenue of $82.9 billion, up 18% YoY, exceeding estimates. Earnings per share were $4.27, beating the consensus of $4.06. Key segments included Productivity and Business Processes at $35.0 billion (+17% YoY) and Intelligent Cloud at $34.7 billion (+30% YoY). Cloud revenue reached $54.5 billion (+29% YoY), with AI revenue up 123% YoY, hitting a $37 billion annual run rate. Microsoft stock fell 1.3% to $418.88 in after-hours trading.