"The standout figure is commercial remaining performance obligations of $627 billion, up 99% year over year. That's the enterprise revenue pipeline already contracted but not yet delivered."
"The AI business also crossed a milestone: a $37 billion annual revenue run rate, up 123% YoY. Azure and other cloud services grew 40%, anchoring Intelligent Cloud's 30% revenue jump to $34.68 billion."
"Capital expenditures surged 84.39% to $30.88 billion in a single quarter. The market wants proof the AI buildout earns its keep."
"Key Figures: EPS: $4.27 vs. $4.07 expected; Revenue: $82.89B vs. $81.43B expected; GAAP Net Income: $31.78B, up 23.06%; Operating Income: $38.40B, up 19.99%."
Microsoft reported fiscal Q3 2026 results, exceeding revenue and earnings expectations. Despite a 5.26% stock drop, the company revealed a $627 billion backlog, a 99% year-over-year increase. The AI business achieved a $37 billion annual revenue run rate, with Azure and cloud services growing significantly. However, capital expenditures surged 84.39% to $30.88 billion, raising concerns among investors. Key figures included an EPS of $4.27 and revenue of $82.89 billion, reflecting an 18.3% year-over-year increase.
Read at 24/7 Wall St.
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