Microsoft's revenue in the third fiscal quarter was US$82.9 billion. AI has become a money printing machine. Annual revenue growth reached 123%.

Today, Microsoft officially announced its financial results for the third quarter of fiscal year 2026 (ending March 31).Data show that Microsoft's total revenue this quarter reached US$82.9 billion, a year-on-year increase of 18%; operating income was US$38.4 billion, a year-on-year increase of 20%.In terms of net profit, calculated according to GAAP standards, it was US$31.8 billion, a year-on-year increase of 23%; calculated according to non-GAAP standards, it increased by 20% year-on-year, and an increase of 18% under constant exchange rates.

Diluted earnings per share were US$4.27, a year-on-year increase of 23% on a GAAP basis, a year-on-year increase of 21% on a non-GAAP basis, and an increase of 18% at constant exchange rates. In addition, non-GAAP results exclude the impact related to investments in OpenAI.

Microsoft Chairman and CEO Satya Nadella said that the company is focusing on providing cloud and AI infrastructure and solutions to help enterprises maximize value in the era of intelligent agent computing.

He particularly emphasized that Microsoft's AI business annualized revenue has exceeded US$37 billion, a year-on-year surge of 123%, becoming an important force driving the company's growth.

From the perspective of business segments, Microsoft's cloud business performed particularly well. This quarter's revenue reached US$54.5 billion, a year-on-year increase of 29%, an increase of 25% under fixed exchange rates; commercial remaining performance obligations increased significantly by 99% year-on-year, reaching US$627 billion.

Productivity and business process segment revenue was US$35 billion, an increase of 17% year-on-year and an increase of 13% at constant exchange rates.

Among them, Microsoft 365 business version cloud revenue increased by 19% year-on-year, consumer version cloud revenue increased by 33%; LinkedIn revenue increased by 12%, Dynamics 365 revenue increased by 22%, and all business segments maintained steady growth.

The revenue of the intelligent cloud department was US$34.7 billion, a year-on-year increase of 30%, and a 28% increase under fixed exchange rates. The core Azure and other cloud service revenue increased by 40% year-on-year, an increase of 39% under fixed exchange rates, continuing the rapid growth trend.

It is worth noting that the only decline was in the more personal computing segment, with revenue of $13.2 billion in the quarter, down 1% year-on-year.

Among them, Windows OEM and device revenue fell by 2%, and Xbox content and service revenue fell by 5%. However, search advertising revenue excluding traffic acquisition costs still achieved a year-on-year growth of 12%.

In addition, this quarter, Microsoft returned US$10.2 billion to shareholders in the form of dividends and stock repurchases, reflecting the company's commitment to shareholder returns.