Here’s a breakdown comparison of AWS, Google Cloud and Microsoft’s Q1 2026 cloud earnings, including total revenue, sales growth, operating income and global market share.
The world’s three largest cloud companies reported their financial results for the first quarter of 2026 this week, with a combined $92 billion in total cloud sales thanks to AI being the major revenue driver.
“Our enterprise AI solutions have become our primary growth driver for cloud,” said Google CEO Sundar Pichai during Google’s Q1 2026 earnings report.
Google Cloud now has an annual run rate (ARR) of $80 billion.
AWS’ ARR surpassed $150 billion, while Microsoft’s cloud business reached $139 billion for its ARR.
The three cloud and AI behemoths each reported the financial earnings results for first three months of 2026 this week. CRN breaks down each company’s total cloud sales, year over year cloud revenue growth, operating income and new global cloud market share data from Q1 2026.
AWS Vs. GCP Vs. Azure
AWS, Google Cloud and Microsoft report cloud earnings largely based on sales from their flagship platforms: Google Cloud Platform, Microsoft Azure and Amazon Web Services.
Because all three providers continuously roll out new AI capabilities, services and products across those platforms, reported cloud revenue also includes sales from AI products.
It is key to know that Microsoft does not make public its exact Azure revenue figures. Instead, Azure sales are included inside Microsoft’s Intelligent Cloud group, which also includes server products and other non-Azure cloud services.
Here are the cloud financial results for Google, AWS, and Microsoft during the first quarter of 2026 that customers, investors and partners should know.
First Quarter Total Sales/Annual Run Rate
AWS: $37.6 Billion/$150 Billion
Microsoft: $34.7 Billion/$139 Billion
Google Cloud: $20 Billion/$80 Billion
AWS generated $37.6 billion in revenue in Q1 2026, pushing the Amazon cloud unit’s annual run rate above $150 billion.
Microsoft’s Intelligent Cloud segment produced $34.7 billion in quarterly revenue, with an annual run rate of nearly $139 billion.
Google Cloud reported $20 billion in total cloud revenue for the first quarter of 2026, bringing Mountain View, Calif.-based Google Cloud’s annual run rate to $80 billion.
Q1 2026 Sales Growth Year Over Year
Google Cloud: 63 percent
Microsoft: 28 percent
AWS: 28 percent
Google Cloud saw a sharp surge in customer demand, with revenue jumping 63 percent year over year to $20 billion, up from $12.2 billion.
Microsoft’s Intelligent Cloud segment grew 28 percent year over year to $34.7 billion, while Azure and other cloud services revenue climbed 39 percent.
AWS posted 28 percent year‑over‑year sales growth, generating $37.6 billion in revenue.
Worldwide Cloud Market Share For Q1 2026
AWS: 28 Percent Share
Microsoft: 21 Percent Share
Google Cloud: 14 Percent Share
New data from Synergy Research Group this week shed light on the global market share for enterprise spending on cloud infrastructure services during the first quarter of 2026.
In first place, AWS won 28 percent share of the worldwide market.
In second place, Microsoft captured 21 percent share of the global market.
Google placed third by winning 14 percent share of the cloud infrastructure services market.
The global cloud infrastructure services market reached $129 billion in Q1 2026, representing an increase of over $35 billion year over year.
Q1 2026 Operating Income
AWS: $14.2 billion
Microsoft: $13.7 billion
Google Cloud: $6.6 Billion
AWS recorded $14.2 billion in operating income in Q1 2026, a 23 percent year-over-year increase from $11.5 billion in Q1 2025.
Microsoft’s Intelligent Cloud segment posted operating income of $13.7 billion for the quarter, up from $11.1 billion a year earlier.
Google Cloud generated $6.6 billion in operating income, up from $2.2 billion a year earlier, marking a 203 percent year-over-year increase.
