Apple and Microsoft Post Blowout Quarters as Azure Tops $100B

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โดย 24/7 Wall St.·US·Read original
Summary · why it matters

Apple and Microsoft both closed the summer with blowout quarters, but their engines look very different. Apple's Q3 revenue hit $109.42B, up 16.4% year over year, with iPhone alone at $54.3 billion, up 22%, Mac up 29%, and Services at $30.74B, though roughly 2 percentage points of gross margin and about $0.11 of EPS came from one-time tariff refunds. Microsoft's revenue reached $90.01B, up 17.8%, with EPS of $4.74 and Azure growing 43% year over year, pushing it past $100B in annual revenue for the first time, while Copilot passed 30 million paid seats and commercial RPO hit $678B, up 84%. Apple trades at 37x earnings after a 44.98% one-year run, while Microsoft sits at 27x and is up just 3.14% year to date. Microsoft's FY26 capex ran $115.95B, up 79.6%, with fiscal 2027 capex guided to roughly $175 billion, and free cash flow already fell 23.19% in Q4. Apple guided its September quarter to 9% to 11% revenue growth, while Azure is guided to 45% constant-currency growth.

Impact on stocks 3

Artificial Intelligence▲ · 3 stocks
Apple Inc.
AAPL
▲ PositiveCapitalDemandrelevance

Apple posted blowout Q3 revenue of $109.42B, up 16.4% YoY, with iPhone up 22% and Mac up 29%.

Microsoft Corporation
MSFT
▲ PositiveCapitalDemandrelevance

Microsoft posted blowout Q3 revenue of $90.01B, up 17.8%, with EPS of $4.74.

Theme Impact 7

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