Earnings reports are like progress reports in the sense that they require investors to digest facts and make educated guesses about the company’s future prospects. In the case of Microsoft Corp. (NASDAQ: MSFT), investors are more concerned with future risks than with solid results in the present.
The highlights from the company’s Q3 2026 earnings report start with a top and bottom-line beat. Microsoft reported 40% growth in its Azure cloud computing segment. That beat the high end of its guidance. The company’s AI business is now generating $37 billion annually, a 123% year-over-year (YOY) increase.
