Microsoft Reports $33.2 Billion in Azure Revenue, Beating Analyst Estimates

Microsoft reported Azure revenue of $33.2 billion for the July–September quarter, up 48% from a year earlier, in results released October 28, 2026. Analysts had expected $32.3 billion, and CFO Amy Hood had guided to 44% to 45% growth. It is the first time Microsoft has disclosed Azure's quarterly revenue in dollars.