MSFT 8-K — Smart Summary

Microsoft Corporation reported fiscal third quarter 2026 results for the quarter ended March 31, 2026, filed as an 8-K on April 29, 2026. Revenue reached $82.9 billion, up 18% year-over-year, driven by cloud and AI strength. The filing includes the earnings press release as Exhibit 99.1.

• Revenue: $82,886 million, increased 18% YoY (up 15% in constant currency) vs. $70,066 million in Q3 FY2025
• Operating income: $38,398 million, increased 20% YoY (up 16% in constant currency) vs. $32,000 million in Q3 FY2025
• Net income (GAAP): $31,778 million, increased 23% YoY vs. $25,824 million in Q3 FY2025
• Net income (non-GAAP): $31,792 million, increased 20% YoY (up 18% in constant currency)
• Diluted EPS (GAAP): $4.27, increased 23% YoY vs. $3.46 in Q3 FY2025
• Diluted EPS (non-GAAP): $4.27, increased 21% YoY (up 18% in constant currency) vs. $3.54 non-GAAP in Q3 FY2025
• Gross margin: $56,058 million vs. $48,147 million in Q3 FY2025
• Cash flow from operations: $46,679 million in Q3 FY2026 vs. $37,044 million in Q3 FY2025; $127,494 million for nine months ended March 31, 2026 vs. $93,515 million in prior year period
• Microsoft Cloud revenue: $54,500 million, increased 29% YoY (up 25% in constant currency)

• Productivity and Business Processes: Revenue $35,013 million, up 17% YoY (up 13% in constant currency) vs. $29,944 million; Operating income $20,973 million vs. $17,379 million
• Intelligent Cloud: Revenue $34,681 million, up 30% YoY (up 28% in constant currency) vs. $26,751 million; Operating income $13,753 million vs. $11,095 million
• More Personal Computing: Revenue $13,192 million, decreased 1% YoY (down 3% in constant currency) vs. $13,371 million; Operating income $3,672 million vs. $3,526 million

• Microsoft returned $10.2 billion to shareholders in the form of dividends and share repurchases in Q3 FY2026
• Common stock repurchased: $4,627 million in Q3 FY2026 vs. $4,781 million in Q3 FY2025; $17,692 million for nine months ended March 31, 2026
• Common stock cash dividends paid: $6,756 million in Q3 FY2026 vs. $6,169 million in Q3 FY2025; $19,687 million for nine months ended March 31, 2026
• Cash and cash equivalents: $32,105 million as of March 31, 2026 vs. $30,242 million as of June 30, 2025
• Total cash, cash equivalents, and short-term investments: $78,272 million as of March 31, 2026 vs. $94,565 million as of June 30, 2025
• Long-term debt: $31,423 million as of March 31, 2026 vs. $40,152 million as of June 30, 2025
• Commercial remaining performance obligation increased 99% to $627 billion
• Additions to property and equipment: $30,876 million in Q3 FY2026 vs. $16,745 million in Q3 FY2025

• "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. Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year." — Satya Nadella, chairman and chief executive officer of Microsoft
• "We delivered results that exceeded expectations across revenue, operating income, and earnings per share, reflecting strong execution and growing demand for the Microsoft Cloud." — Amy Hood, executive vice president and chief financial officer of Microsoft

• Microsoft stated it will provide forward-looking guidance in connection with this quarterly earnings announcement on its earnings conference call and webcast at 2:30 p.m. Pacific time on April 29, 2026
• No specific quantitative guidance figures were included in the press release