CRN breaks down third-quarter 2026 earnings results from Microsoft Azure, AWS and Google Cloud around sales growth, global market share, operating income and more.
Google Cloud’s historic 103 percent sales growth increased its global market share during the third quarter of 2026.
Microsoft reported a $133 billion annual run rate for Azure, while AWS remained the top cloud sales leader by generating $46 billion in third-quarter 2026 revenue.
CRN reviewed the financial earnings data for the third quarter of 2026 to provide a face-off among top cloud leaders AWS, Google Cloud and Microsoft Azure regarding quarterly sales, global cloud market share, operating income, year-over-year revenue growth and more.
$168 Billion Q3 2026 Cloud Services Market
Before jumping into the cloud earnings numbers, it is key to note that $168 billion was spent by enterprises on cloud infrastructure services during the third quarter of 2026, according to new data from Synergy Research Group.
The $168 billion represented a 55 percent year-over-year increase from the third quarter of 2025.
“Amazon maintains a strong lead in the market, while Microsoft and Google continue to achieve substantially higher growth rates,” said John Dinsdale, chief analyst at Synergy Research Group, in an email to CRN.
Third-Quarter 2026 Cloud Sales Growth Rate Year Over Year
Google Cloud: 103 percent
Microsoft Azure: 48 percent
AWS: 39 percent
Google Cloud increased sales in the third quarter of 2026 by a record-breaking 103 percent year over year to $30.7 billion.
Microsoft Azure revenue increased by 48 percent year over year to $33.2 billion.
AWS increased sales by 39 percent year over year in the third quarter of 2026 to $46 billion.
Click through to find third-quarter 2026 market-share figures, operating income, total revenue, annual run rates and more.
Third-Quarter Total Sales/Annual Run Rate
AWS: $46 billion/$184 billion
Microsoft Azure: $33.2 billion/$133 billion
Google Cloud: $30.7 billion/$123 billion
AWS reported $46 billion in total sales, up 39 percent year over year compared with $33 billion. The company now has a $184 billion annual run rate.
Microsoft Azure revenue reached nearly $33.2 billion, up 48 percent compared with $22.4 billion year over year. Microsoft’s Azure business now has a $133 billion annual run rate.
Google Cloud generated $30.7 billion in revenue, up 103 percent year over year, compared with $15.2 billion in the third quarter of 2025. Google Cloud now has an annual run rate of $123 billion.
Worldwide Cloud Market Share For Third-Quarter 2026
AWS: 26 percent share
Microsoft: 19 percent share
Google Cloud: 16 percent share
New data from Synergy Research Group shed light on the global market share for enterprise spending on cloud infrastructure services during the third quarter of 2026.
AWS ranks No. 1 with 26 percent share of the global market in the third quarter of 2026, down from 29 percent share year over year.
Microsoft ranks No. 2 with 19 percent market share, down from 20 percent share year over year in the third quarter of 2025.
Google Cloud ranks third at 16 percent market share, up from 13 percent share year over year.
Operating Income For Third-Quarter 2026
AWS: $17.8 billion
Google Cloud: $11.1 billion
Microsoft Azure: $40.6 billion
AWS generated $17.8 billion in operating income in the third quarter of 2026, up 55 percent year over year from $11.4 billion.
Google Cloud captured $11.1 billion in operating income, an increase of 209 percent year over year, up from $3.6 billion in the third quarter of 2025.
Microsoft did not break out Azure’s operating income. Instead, Azure was included inside Microsoft’s broader Agents and Infrastructure segment, which reported a total of $40.6 billion in operating income, up 24 percent year over year from $32.8 billion.
Parent Companies Results; Key CEO Remarks
Amazon: $202 billion
AWS parent company Amazon generated total sales of $202 billion, up 12 percent year over year compared with $180 billion in the third quarter of 2025.
Amazon’s operating income was $28.1 billion, led by AWS generating $17.8 billion in operating income.
“We believe AWS can grow north of 40 percent in both 2027 and in 2028 and be a trillion-dollar business in time,” said AWS CEO Matt Garman on LinkedIn. “We have a compelling flywheel spinning in AWS. Customers want their AI to run close to their data and applications, and most of that already lives on AWS. As AI workloads grow, they pull the rest of the business along with them, and that growth lets us keep reinvesting in what we build for customers.”
Alphabet: $127.6 billion
Google Cloud’s parent company generated $127.6 billion in total revenue, up 25 percent year over year compared with $102.3 billion.
Alphabet’s operating income was $40.6 billion, up from $31.2 billion year over year.
“Google Cloud now has 18 product lines with more than $1 billion each in annual revenue. And our growth this quarter was driven by strong growth in Google Cloud Platform (GCP) with strength in both AI and core GCP,” said CEO Thomas Kurian during Alphabet’s third- quarter 2026 earnings report. “Demand was also strong across our product lines.”
Microsoft: $92.3 billion
Microsoft captured $92.3 billion in total sales, up 19 percent year over year compared with $77.7 billion.
Microsoft’s total operating income was $45.9 billion, up from approximately $38 billion year over year.
“We are delivering greater capability, choice, control and cost efficiency for customers across our entire stack,” said Microsoft Chairman and CEO Satya Nadella in a statement. “By helping organizations build and own their own intelligence, and earning trust through agent safety and security, we are translating our innovation into growing adoption and real-world impact across every industry.”
