Microsoft reports Q1 FY2027 revenue of $92.3 billion, GAAP EPS $4.92, beating estimates
Microsoft announced its fiscal first‑quarter 2027 results on October 28, 2026. Revenue rose 19% year‑over‑year to $92.3 billion and GAAP diluted earnings per share increased 32% to $4.92. Azure revenue grew 48% and overall cloud revenue climbed 30% to $63.9 billion. The company returned $10.2 billion to shareholders and highlighted a $207 million gain from OpenAI investments in its non‑GAAP measures.
Why it matters
The earnings beat and strong cloud growth suggest the company’s AI and Azure investments are translating into higher cash flow, supporting its $10.2 billion shareholder return (). Analysts note the results exceed consensus expectations for EPS and revenue (), which may lift price targets and sustain the stock’s recent rally.
Key facts
- 1Revenue was $92.3 billion, up 19% YoY (). sec.gov
- 2GAAP diluted EPS was $4.92, up 32% YoY (). sec.gov
- 3Non‑GAAP diluted EPS was $4.89, up 18% YoY (). sec.gov
- 4Operating income was $45.9 billion, up 21% (22% in constant currency) (). sec.gov
- 5Net income was $36.6 billion, up 32% on a GAAP basis (). sec.gov
- 6Azure revenue increased 48% YoY (). microsoft.com
Summary written by AlphAI AI Desk from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.