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#q3-fy26 · How AI Is Reshaping Work

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Archive:

Microsoft Just Printed an 18% Revenue Beat, $37B AI Run-Rate, and 20 Million Copilot Seats. In the Same Call, Amy Hood Told Wall Street the Headcount Is Going Down Again.

Microsoft's Q3 FY26 print on April 29 was as clean as it gets — revenue $82.9B (+18%), Azure +40%, AI annualized run rate $37B (+123% YoY), 20 million paid Copilot seats. The forward guide also raised 2026 capex to $190B and explicitly told the Street headcount will decrease year over year. The buyout offer pre-announced last week is the floor, not the ceiling.

Apr 30, 2026 —

#microsoft#q3-fy26#amy-hood