内容来源：https://techcrunch.com/2026/10/28/microsoft-just-shared-azures-actual-revenue-in-dollars-33-2-billion/

内容总结：

微软首次单独披露Azure季度营收数据。在周三发布的财报中，微软宣布Azure在7月至9月季度实现营收332亿美元，同比增长48%。这一披露使投资者能够更直接地将Azure的表现与亚马逊云服务（AWS）和谷歌云进行对比，后两者的母公司此前已在每季度财报中公布云业务的具体营收数字。

同日发布财报的Alphabet表示，谷歌云在同一季度实现营收307亿美元，Azure略高于谷歌云。但据TechCrunch计算，包含Google Workspace订阅在内的谷歌云营收同比增长约一倍，增速约为Azure的两倍。

按微软自身数据，Azure目前是该公司规模最大、增长最快的产品线，约占微软本季度923亿美元营收的36%。Azure营收比分析师预期的323亿美元高出约8.5亿美元，48%的增速也超过了微软CFO艾米·胡德在7月财报电话会上给出的44%至45%的预测。

Azure隶属于微软本季度新设立的两大业务板块之一“智能体与基础设施”（Agents and Infra）。微软此前按三个板块报告业绩，分别为生产力与业务流程、智能云以及更多个人计算。新板块将Azure与Microsoft 365云业务合并报告，本季度实现营收768亿美元，同比增长25%。

亚马逊将于周四发布财报，分析师同样预计其云业务AWS将实现增长。AWS长期以来一直是全球最大的云服务提供商，目前无人认为微软能立即超越它。但随着各家公司纷纷公布具体营收数字，这场竞争已正式展开。

中文翻译：

微软从未以美元金额披露过Azure的季度营收。它通常只公布增长百分比，或以模糊的方式描述营收里程碑。但周三，当微软公布又一个创纪录的季度业绩时，它报告称Azure在7月至9月这一季度实现了332亿美元的稳健营收，同比增长48%。

这一披露让投资者能够更直接地将Azure的表现与亚马逊云服务（AWS）和谷歌云进行对比，后两者的母公司此前已每季度以美元金额报告云业务营收。

同样在周三发布财报的Alphabet表示，谷歌云在同一季度实现了307亿美元营收，这意味着Azure略占上风。但据TechCrunch的计算，谷歌云（其中也包含Google Workspace订阅业务）的营收较上年同期大约翻了一番，增速约为Azure的两倍。

按照微软自己的数据，Azure——企业通过它租用算力来运行应用程序、SaaS，以及构建和运行AI模型——现已成为微软规模最大、增长最快的产品线。它约占微软本季度923亿美元营收的36%。

Azure的营收也比分析师预期的323亿美元高出约8.5亿美元。Azure 48%的增速也超过了微软首席财务官Amy Hood在7月财报电话会议上预测的44%至45%。

Azure隶属于“智能体与基础设施”部门，这是微软本季度推出的两个新业务板块之一。微软此前报告三个板块：生产力和业务流程、智能云、以及更多个人计算。新的“智能体与基础设施”板块将Azure与Microsoft 365的云业务归入同一板块，该板块实现了768亿美元营收，同比增长25%。

亚马逊将于周四发布财报。分析师也预计其云业务亚马逊云服务将实现增长。AWS自始至终一直是最大的云服务商，目前没有人认为微软能超越它。但随着各方都以实际美元金额披露数据，这场竞赛已经打响。

英文来源：

Microsoft has never disclosed Azure’s quarterly revenue in dollars. It has typically only shared a growth percentage or described revenue dollar milestones in vague ways. But on Wednesday, when it posted another record-breaking quarter, it reported that Azure brought in a healthy $33.2 billion in revenue for the July-September quarter, up 48% from a year earlier.
The disclosure lets investors line up Azure’s performance more directly against Amazon Web Services and Google Cloud, whose parent companies already report cloud revenue in dollars every quarter.
Alphabet, which also reported earnings on Wednesday, said Google Cloud brought in $30.7 billion in the same quarter, putting Azure slightly ahead. But Google Cloud, which also includes Google’s Workspace subscriptions, roughly doubled its revenue from a year earlier, growing about twice as fast as Azure, according to TechCrunch’s calculations.
Azure, where businesses rent computing power to run applications, SaaS, and to build and run AI models, is now Microsoft’s largest and fastest-growing product line by the company’s own figures. It accounted for roughly 36% of Microsoft’s $92.3 billion in quarterly revenue.
Azure’s revenue was also about $850 million more than the $32.3 billion analysts expected. Azure’s 48% growth rate also topped the 44% to 45% that Microsoft CFO Amy Hood forecast on the company’s July earnings call.
Azure sits inside Agents and Infra, one of two new business segments Microsoft introduced this quarter. Microsoft previously reported three segments, Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The new Agents and Infra segment, which groups Azure with Microsoft 365’s cloud business, brought in $76.8 billion, up 25% from a year earlier.
Amazon reports its earnings on Thursday. Analysts also expect its cloud, Amazon Web Services, to grow. It’s been the largest cloud since the beginning of time and no one expects Microsoft to best it right now. But with all of them reporting actual dollars, the race is on.