Microsoft Earnings: Azure Discloses Quarterly Revenue of $33.2 Billion for the First Time, a New High
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On October 29, 2026, Microsoft reported earnings for the July–September quarter, with quarterly revenue of $92.3 billion, up 19% year over year, setting a new record for the 10th consecutive quarter; GAAP net profit was $36.6 billion, up 32% year over year. Growth was driven mainly by Microsoft Cloud revenue of $63.9 billion (up 30% year over year). This quarter, Microsoft disclosed Azure revenue in dollar terms for the first time: $33.2 billion, up 48% year over year, accounting for about 36% of Microsoft's quarterly revenue and making it the company's largest and fastest-growing product line. The figure exceeded the 44%–45% growth rate previously forecast by CFO Amy Hood and also topped analysts' expectation of $32.3 billion in revenue. The earnings report also showed $10 billion in revenue from OpenAI, commercial remaining performance obligation up 73% to $677 billion, and capital expenditures of $45.2 billion, a quarterly record. In the same quarter, Google Cloud posted revenue of $30.7 billion; while below Azure, its growth rate was about twice Azure's.
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- TechCrunch · AIMicrosoft just shared Azure’s actual revenue in dollars: $33.2 billion
In its July–September quarter results, Microsoft disclosed Azure revenue in dollars for the first time at $33.2 billion, up 48% year over year — above CFO Amy Hood's earlier forecast of 44%–45% and analyst expectations of $32.3 billion. In the same quarter, Google Cloud posted $30.7 billion in revenue but grew at roughly twice Azure's rate; Azure accounts for about 36% of Microsoft's $92.3 billion quarterly revenue, making it the company's largest and fastest-growing product line.
- TechCrunch · AISelectedMicrosoft hits 10 quarters of record-breaking revenue in a row
Microsoft reported quarterly revenue of $92.3 billion, up 19% year over year, its 10th consecutive quarter of record revenue; GAAP net income was $36.6 billion, up 32%. Growth was driven mainly by Microsoft Cloud revenue of $63.9 billion (up 30%), including Azure revenue of $33.2 billion, and it reported $10 billion in revenue from OpenAI; commercial remaining performance obligation grew 73% to $677 billion, while capital expenditures hit a quarterly record of $45.2 billion.
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