Microsoft Revenue Rises 19% as Azure Grows 48%

Oct 29, 2026
Microsoft reported $92.3 billion in fiscal first quarter revenue, while Azure revenue rose 48% and Microsoft Cloud revenue reached $63.9 billion.

Microsoft reported fiscal 2027 first quarter revenue of $92.3 billion, up 19%, in an earnings release. Revenue from Microsoft Cloud rose 30% to $63.9 billion, while Azure revenue increased 48%.

Operating income increased 21% to $45.9 billion. GAAP net income rose 32% to $36.6 billion, and diluted earnings per share increased 32% to $4.92.

Investments in OpenAI added $207 million to net income and $0.03 to diluted earnings per share. In the same quarter a year earlier, those investments reduced net income by $3.1 billion and diluted earnings per share by $0.41.

Revenue from the Agents and Infra segment increased 25% to $76.8 billion. Commercial remaining performance obligations rose 73% to $677 billion.

Microsoft separately recorded $10 billion in revenue from OpenAI arrangements in the quarter, according to its regulatory filing.

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