By Zacks Equity Research
Publication Date: 2026-05-29 15:30:00
A month has gone by since the last earnings report for Microsoft (MSFT). Shares have added about 4.7% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Microsoft due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Microsoft Q3 Earnings Beat Estimates as Cloud and AI Drive Results
Microsoft reported third-quarter fiscal 2026 earnings of $4.27 per share on a non-GAAP basis (excluding OpenAI investment impacts), which increased 21% on a year-over-year basis and 18% in constant currency (cc). The figure beat the Zacks Consensus Estimate by 4.91%. On a GAAP basis, diluted earnings per share rose 23% to $4.27.
Revenues of $82.9 billion increased 18% year over year and beat the consensus mark by…
