Overview

• Microsoft reported third-quarter revenue of $70.07 billion, up 13% year-over-year, with cloud revenues rising 20% to $42.4 billion and Azure-specific sales surging 33%.
• The company’s share price has climbed more than 31% over the past three months and reached roughly $500, near its 52-week peak, outperforming both the S&P 500 and the NASDAQ Composite.
• Wedbush analysts led by Dan Ives lifted their price target to $600 from $515 and pointed to accelerating Azure and Copilot adoption while the overall analyst consensus stands at $523.73 with highs up to $605.
• Microsoft and OpenAI are renegotiating terms to lower Microsoft’s revenue share from 20% to 10% by 2030, reflecting evolving financial arrangements in their AI partnership.
• Goldman Sachs projects Microsoft Cloud revenue will exceed $300 billion by fiscal 2029 and Wedbush estimates Azure and Copilot could contribute roughly $25 billion by fiscal 2026.