# Microsoft now expects current quarter revenue to be between $86.7 billion to $87.8 billion.

*business · news · 2026-04-29 · CNBC TV18*

## Key points

- Microsoft's Q4 revenue guidance midpoint is $87.25 billion, below analyst estimates of $87.53 billion.
- Azure's year-on-year growth was 39%, just barely surpassing analyst expectations of 38%.
- Microsoft's operating margin is projected to decline to 44%, below consensus of 44.6%.
- Company's capex was $31.9 billion, rising 49% YoY but below analyst forecast of $34.9 billion.
- Microsoft's AI business achieved a $37 billion annual run-rate, doubling year-over-year.

**Companies:** Microsoft Corp.
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/market/microsoft-q3-2026-results-revenue-eps-beat-capex-raised-component-costs-azure-growth-satya-nadella-19896210.htm)

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