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Microsoft MSFT Q3 2026 earnings

Reported April 29, 2026 · After market close

Revenue$82.9BBeat by $1.5B
EPS$4.27Beat by $0.20
Revenue estimate$81.4B
EPS estimate$4.07
“We are focused on delivering cloud and AI infrastructure and solutions that empower every business to eval-max their outcomes in the agentic computing era, Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.”
Satya Nadella

Next report

Oct 28, 2026 (in 2 months)
Revenue estimate$90.6B
EPS estimate$4.67

Financials

Q3 2026

Income statement

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Revenue$82.9B+18.3%
Gross profit$56.1B+16.4%
Operating income$38.4B+20.0%
Net income$31.8B+23.1%
EPS (diluted)$4.27+23.4%

Balance sheet

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Cash & equivalents$32.1B+11.4%
Total debt$125.43B+19.4%
Total equity$414.37B+28.7%
Total assets$694.23B+23.4%

Cash flow

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Operating cash flow$46.7B+26.0%
CapEx$30.9B+84.4%
Free cash flow$15.8B-22.1%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$2.75T-1.5%
Enterprise value$2.84T-0.9%
P/E22×-6.9×
P/S8.6×-1.7×

Profitability

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Gross margin68.3%-0.8pp
Operating margin46.8%+1.6pp
Net margin39.3%+3.6pp
FCF margin22.9%-2.8pp

Returns & leverage

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Return on equity34%+0.4pp
Debt / equity0.3×0.0×
Current ratio1.3×-0.1×

Segments

By product

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Server Products And Cloud Services$32.6B+31.6%
Microsoft 365 Commercial Products And Cloud Services$25.6B+17.0%
Gaming$5.3B-6.6%
Linked In Corporation$4.8B+12.1%
Windows And Devices$4.0B-2.5%

By segment

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Productivity And Business Processes$35.0B+16.9%
Intelligent Cloud$34.7B+29.6%
More Personal Computing$13.2B-1.3%

FAQ

When did Microsoft report Q3 2026 earnings?
Microsoft (MSFT) reported Q3 2026 earnings on April 29, 2026 after market close.
What were Microsoft's Q3 2026 revenue and EPS?
Microsoft reported revenue of $82.9B and eps of $4.27 for Q3 2026.
Did Microsoft beat estimates in Q3 2026?
Revenue beat the consensus estimate of $81.4B by $1.5B. EPS beat the consensus estimate of $4.07 by $0.20.
How did Microsoft's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 18.3% from $70.1B a year earlier and eps grew 23.4% from $3.46.
Where can I find Microsoft's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-191457) and the 10-Q periodic report (0001193125-26-191507) directly on SEC EDGAR. The filing index links above go to sec.gov.