What was Microsoft's revenue in Q3 2026?

Microsoft reported revenue of $82.9 billion in fiscal Q3 2026.

What was Microsoft's EPS in Q3 2026?

Adjusted EPS was $4.27, beating analyst estimates of $4.10.

Why did Microsoft stock fall despite beating earnings estimates?

Despite the beat, the decline may be due to investor concerns about future guidance or high expectations already priced into the stock.

How did Microsoft's cloud business perform?

Microsoft highlighted strong growth in its cloud business, including Azure and other cloud services.

Microsoft Stock Falls After Earnings Despite Beating Estimates

Microsoft (MSFT) reported fiscal Q3 2026 results that topped analyst expectations, with adjusted EPS of $4.27 and revenue of $82.9 billion. Despite the beat, shares slid in after-hours trading.

Microsoft (MSFT) reported fiscal third-quarter 2026 earnings that surpassed Wall Street estimates, posting adjusted earnings of $4.27 per share on revenue of $82.9 billion. However, the stock declined in after-hours trading, suggesting investors focused on other aspects of the report.

Key Financial Results

Metric	Q3 2026	Analyst Estimates
Revenue	$82.9B	$81.5B (estimated)
Adjusted EPS	$4.27	$4.10 (estimated)

Year-over-year comparisons were not provided in the announcement.

Highlights from the Release

Microsoft highlighted strong cloud growth, with Azure and other cloud services performing well. The company's cloud segment continues to be a key driver of revenue.

Guidance

Microsoft did not provide specific quarterly guidance in this release. Analysts await further details on the outlook for the fourth quarter.

Impact on the Stock

Microsoft shares (MSFT) fell after the earnings release despite the beat. The decline may reflect concerns about future guidance or high expectations already priced in.

What This Means for Investors

Microsoft's results demonstrate the strength of its cloud business, but the market reaction shows that beating estimates is not always enough to boost the stock. Investors should watch for future guidance and overall cloud sector trends.