Microsoft Cloud and AI Strength Fuels Third Quarter Results

REDMOND, Wash. - April 29, 2026 - Microsoft Corp. today announced the following results for the quarter ended March 31, 2026, as compared to the corresponding period of last fiscal year:

·        Revenue was $82.9 billion and increased 18% (up 15% in constant currency)

·        Operating income was $38.4 billion and increased 20% (up 16% in constant currency)

·        Net income was $31.8 billion and increased 23% on a GAAP basis, and increased 20% (up 18% in constant currency) on a non-GAAP basis

·        Diluted earnings per share was $4.27 and increased 23% on a GAAP basis, and increased 21% (up 18% in constant currency) on a non-GAAP basis

·        Non-GAAP results exclude the impact from investments in OpenAI, explained in the Non-GAAP Definition section below

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