Microsoft reports Q1 FY27 revenue of $92.3 B, EPS $4.92, beating estimates

Microsoft announced fiscal first‑quarter 2027 results on Oct 28. Revenue was $92.3 billion, up 19% year‑over‑year, and diluted GAAP EPS was $4.92, up 32%. Azure revenue grew 48% YoY and capital spending was $39 billion, below prior forecasts. The beat lifted the stock in after‑hours trading.

The earnings beat triggered a 4%‑plus after‑hours rally, confirming demand for Azure and AI services and supporting the company’s high‑capex strategy. Analysts note the strong cash flow and profit growth may sustain the recent share‑price gains.

  • 1Revenue was $92.3 billion, a 19% increase year‑over‑year.
  • 2Diluted GAAP earnings per share were $4.92, a 32% increase.
  • 3Diluted non‑GAAP earnings per share were $4.89, an 18% increase.
  • 4Operating income was $45.9 billion, up 21% (22% in constant currency).
  • 5Net income was $36.6 billion, up 32% on a GAAP basis.
  • 6Azure revenue grew 48% year‑over‑year.

Sources