Microsoft Q1 revenue reaches $92.3B, Azure revenue up 48% YoY

October 29 — According to Microsoft's official announcement, Microsoft's first quarter of fiscal year 2027 (ended September 30, 2026) revenue was $92.3 billion, up 19% year-over-year; net income was $36.6 billion, up 32% year-over-year; non-GAAP earnings per share were $4.89, up 18% year-over-year. Azure revenue grew 48% year-over-year; Microsoft Cloud revenue was $63.9 billion, up 30% year-over-year; commercial remaining performance obligation grew 73% year-over-year to $677 billion. Property and equipment expenditures for the quarter were $39.4 billion. Microsoft Chief Financial Officer Amy Hood said revenue, operating income and earnings per share all exceeded expectations.