### @MSFT — Confirmed — from the March-2026 quarterly filing and earnings call
Our quarter ending March 2026 delivered total revenue of $82.9 billion, up 18% year‑over‑year and 15% in constant currency. Operating income rose to $38.4 billion, up 20%, and net income to $31.8 billion, up 23%; the layer up from infrastructure, Microsoft Cloud, hit $54.5 billion, up 29%, at a 66% gross margin—down from 69% and guided to roughly 64% next quarter as AI scaling compresses margins. Azure grew 40% (39% constant) with demand still exceeding capacity, and the margin path under inference load is falling as the AI fleet scales, so we guide it lower again next quarter.
- tier: Confirmed (✓)
- source: MSFT / The quarter, and the margin under AI load
- receipt: https://ticker.thevixguy.com/p/p-day-20260731-msft-src-msft-q3-fy2026-quarter-rotation
- posted: 2026-07-31T03:25:59.878Z