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Microsoft Third Quarter Fiscal Year 2026 Results
Microsoft’s third-quarter fiscal year 2026 results demonstrate strong financial growth driven primarily by significant expansion in cloud services and artificial intelligence infrastructure.
- Microsoft reported total revenue of $82.9 billion for Q3 FY2026, an 18% year-over-year increase, with net income rising 23% to $31.8 billion.
- AI-related revenue reached an annual run rate exceeding $37 billion, marking a 123% year-over-year increase.
- Capital expenditures surged 49% to $31.9 billion, with approximately two-thirds of this investment allocated to GPU and CPU infrastructure to support AI and cloud demand.
Microsoft Fiscal Year 2026 Second Quarter Results
The second quarter fiscal year 2026 results for Microsoft demonstrate strong overall financial growth, primarily fueled by significant expansion in cloud services and artificial intelligence infrastructure.
- Microsoft reported total revenue of $81.3 billion for Q2 FY2026, a 17% year-over-year increase, with net income rising 60% to $38.5 billion due to a $10 billion gain from the OpenAI recapitalization.
- Capital expenditures surged 66% to $37.5 billion, with approximately two-thirds of this investment directed toward short-lived assets like GPUs and CPUs to scale AI infrastructure.
- Commercial bookings grew 230% during the quarter, driven by major commitments from OpenAI and Anthropic, resulting in a commercial remaining performance obligation of $625 billion.
Microsoft Q1 2026 Earnings Results
Microsoft’s fiscal year 2026 first-quarter results demonstrate robust financial growth, characterized by an 18% year-over-year revenue increase to $77.7 billion.
- Microsoft reported an 18% year-over-year revenue increase to $77.7 billion and a 24% rise in operating income to $38.0 billion for Q1 2026.
- Capital expenditures surged 74% to $34.9 billion, driven by aggressive investments in AI infrastructure, including large-scale GPU and CPU acquisitions.
- The Intelligent Cloud segment grew 28% to $30.9 billion, underpinned by a 40% increase in Azure and other cloud services revenue.
Form 10-Q: Q2 FY2025
Microsoft Corporation’s financial results for the second quarter of fiscal year 2025 demonstrate robust growth, with total revenue reaching $69.6 billion and net income rising to $24.1 billion.
- Microsoft reported Q2 FY2025 revenue of $69.6 billion and net income of $24.1 billion, marking a 12% year-over-year revenue increase.
- The Intelligent Cloud segment drove growth with a 31% surge in Azure and other cloud services revenue.
- Aggressive scaling of AI infrastructure has pressured margins, resulting in a decline of the Microsoft Cloud gross margin to 70%.
Form 10-K: 2023
Microsoft’s 2023 fiscal year report outlines a strategic transition toward the integration of generative artificial intelligence across its entire product ecosystem, including the Intelligent Cloud, productivity software, and gaming divisions.
- Microsoft generated $211.9 billion in total revenue for the fiscal year ending June 30, 2023, representing a 7% year-over-year increase.
- The Intelligent Cloud segment drove growth with a 17% revenue increase, bolstered by a 29% surge in Azure and other cloud services.
- The More Personal Computing segment declined by 9% during the 2023 fiscal year, primarily due to weak Windows OEM and device sales.
Form 10-Q: Q3 2023
Microsoft Corporation’s financial performance for the third quarter of fiscal year 2023 reflects a period of strategic transition characterized by robust growth in cloud infrastructure balanced against significant headwinds in personal computing.
- Microsoft reported Q3 2023 total revenue of $52.9 billion, a 7% year-over-year increase driven by a 22% surge in Microsoft Cloud revenue and 31% growth in Azure.
- The More Personal Computing segment declined by 9%, specifically impacted by a 28% drop in Windows OEM revenue and a 30% decrease in hardware device sales.
- Operating income reached $22.4 billion, supported by an $885 million accounting adjustment that extended the estimated useful life of server and network equipment.
Microsoft Form 10-Q: Q2 Fiscal Year 2022
Microsoft’s financial performance for the second quarter of fiscal year 2022 reflects sustained growth across its diversified technology portfolio, driven primarily by strong demand for cloud computing and enterprise software solutions.
- Microsoft achieved double-digit percentage growth in both revenue and operating income for Q2 fiscal year 2022 compared to the prior year.
- The Intelligent Cloud segment, anchored by the widespread adoption of Azure, served as the primary driver for the company's top-line financial expansion.
- Growth was further supported by the expansion of Microsoft 365 subscriptions and a strategic shift toward long-term service contracts and recurring revenue models.
Microsoft Form 10-K: 2022
Microsoft operates as a global technology leader, focusing on the development, licensing, and support of software, services, devices, and solutions.
- Microsoft generated $198.3 billion in total revenue for the fiscal year ending June 30, 2022, marking an 18% increase over the previous year with a net income of $72.7 billion.
- The Intelligent Cloud segment, led by the Azure platform, serves as the primary growth engine for the company, consistently delivering high double-digit revenue gains.
- The company invested over $24 billion in research and development during the 2022 fiscal year to drive innovation in gaming, cybersecurity, and enterprise software.
Microsoft Form 10-Q: Q3 FY2022
Microsoft’s financial performance for the third quarter of fiscal year 2022 reflects sustained growth across its diversified technology portfolio, driven primarily by strong demand for cloud computing and enterprise software solutions.
- Microsoft reported total revenue of $49.4 billion for Q3 FY2022, an 18% year-over-year increase.
- The Intelligent Cloud segment was the primary growth driver, generating $19.1 billion in revenue with a 26% year-over-year increase fueled by Azure.
- Productivity and Business Processes revenue rose 17% to $15.8 billion, supported by Office 365 commercial growth and LinkedIn monetization.
Microsoft Form 10-Q: Q2 FY2021
Microsoft’s financial performance for the second quarter of fiscal year 2021 reflects a period of robust growth driven by the accelerated digital transformation of global enterprises.
- Microsoft reported total revenue of $43.1 billion for Q2 FY2021, a 17% increase year-over-year driven by global digital transformation and remote work trends.
- The Intelligent Cloud segment grew 23% to $14.6 billion, with Azure revenue specifically surging by 50% due to enterprise workload migration.
- Operating income rose 29% to $17.9 billion, while net income reached $15.5 billion, or $2.03 per diluted share, reflecting disciplined cost management.
Microsoft Form 10-K: FY2021
Microsoft achieved significant financial growth during the 2021 fiscal year, driven by a global shift toward digital transformation and cloud-based infrastructure.
- Microsoft generated $168.1 billion in total revenue for fiscal year 2021, marking an 18 percent increase over the previous year.
- Net income for the 2021 fiscal year reached $61.3 billion, supported by a strategic shift toward cloud-based infrastructure and digital transformation.
- The Intelligent Cloud segment, anchored by the Azure platform, served as the primary revenue driver due to enterprise migration to cloud-based remote and hybrid work environments.
Microsoft Form 10-Q: Q3 FY2021
Microsoft’s financial performance for the third quarter of fiscal year 2021 reflects sustained growth across its diversified technology portfolio, driven primarily by accelerated digital transformation and cloud adoption.
- Microsoft reported total revenue of $41.7 billion for Q3 FY2021, a 19% year-over-year increase, with net income reaching $15.5 billion.
- Operating income rose 31% year-over-year to $17.0 billion, driven by strong demand for cloud services, remote work solutions, and gaming hardware.
- The gaming division experienced a 50% revenue surge, primarily attributed to the launch of Xbox Series X and S consoles and growth in Xbox Content and Services.