Microsoft Corporation (NASDAQ:MSFT) announced third-quarter financial results on Wednesday after market close.
Here are the key highlights.
Microsoft Q3 Earnings
Microsoft reported third-quarter revenue of $82.9 billion, up 18% year-over-year. The revenue total beat a Street consensus estimate of $81.39 billion according to data from Benzinga Pro.
The company reported quarterly earnings of $4.27 per share, beating a Street consensus estimate of $4.06 per share.
Here’s a look at Microsoft’s revenue by reporting segment:
- Productivity and Business Processes: $35.0 billion, +17% year-over-year
- Intelligent Cloud: $34.7 billion, +30% year-over-year
- More Personal Computing: $13.2 billion, -1% year-over-year
Overall Microsoft Cloud revenue was $54.5 billion, up 29% year-over-year. The company said its commercial remaining performance obligation was $627 billion at the end of the quarter, up 99% year-over-year.
Azure and other cloud services revenue was up 40% year-over-year in the quarter.
"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," Microsoft CEO Satya Nadella said. "Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.”
What's Next For Microsoft
The company said it will provide forward guidance on its conference call, which can be watched below.
Microsoft Stock Price Action
Microsoft stock is down 1.3% to $418.88 in after-hours trading Wednesday versus a 52-week trading range of $356.28 to $555.45.
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