Microsoft revenue rises 19% to $92.3 billion as Azure grows 48%
Microsoft announced on Wednesday 28 October 2026 that revenue for the quarter ended 30 September 2026 was $92.3 billion, up 19% on the same quarter a year earlier, per the company's own earnings release, read in full. Operating income was $45.9 billion, up 21%, net income was $36.6 billion, up 32% on a GAAP basis, and Microsoft Cloud revenue was $63.9 billion, up 30%, with Azure revenue up 48%. The Guardian, reporting Agence France-Presse, reports the same $92.3 billion revenue, $36.6 billion profit and 48% Azure growth, and says the results beat Wall Street expectations.
Key points
- Microsoft revenue for the quarter ended 30 September 2026 was $92.3 billion, up 19%, per the company's own earnings release, read in full, cross-checked against the Guardian's Agence France-Presse report.
- Operating income was $45.9 billion, up 21%; net income was $36.6 billion, up 32% GAAP ($36.4 billion, up 18%, non-GAAP); diluted earnings per share were $4.92 GAAP or $4.89 non-GAAP.
- Microsoft Cloud revenue was $63.9 billion, up 30%, with Azure revenue up 48%; Devices and Consumer revenue fell 3% to $15.5 billion, with Windows OEM and Devices down 22%.
- The Guardian/AFP reports the results beat FactSet expectations of around $90.6 billion in revenue, and that Microsoft offered voluntary buyouts to about 60,000 employees two days before the report.
What happened
The results are for the first quarter of Microsoft's fiscal year 2027, released on Wednesday 28 October 2026 after the US market close, with an earnings conference call scheduled for 2:30 p.m. Pacific time the same day, per the company's release.
Earlier Vozia scans on 28 October noted Microsoft's and Alphabet's earnings only from secondary market commentary whose figures conflicted, and held both items without publishing or queuing them as verified, pending a direct read of each company's own release. This brief is published now that Microsoft's own release has been read in full and agrees with the Guardian/AFP report on revenue, profit and Azure growth. Alphabet's own release was not read in this run, so no Alphabet figures are carried here.
Claim by claim
Why this label: From Microsoft's own earnings release, 'Microsoft announces first quarter results', dated 28 October 2026 and read in full for this brief — the company's account of its own results, giving revenue of $92,279 million, operating income of $45,915 million and net income of $36,629 million in its tables. The Guardian's Agence France-Presse report of 28 October (published 22:44 UTC, read in full via browser recovery) reports the same $92.3 billion revenue and $36.6 billion profit.
On the ladder: a claim earns Verified from primary evidence, or from two independent sources that do not copy each other.
Why this label: The Cloud, Azure, segment and performance-obligation figures are from Microsoft's own release, read in full. The Guardian/AFP report also gives Azure growth of 48% in the September quarter. The release states Azure's growth rate but, in the text read for this brief, does not state a dollar figure for Azure revenue itself, so none is given here.
On the ladder: a claim earns Verified from primary evidence, or from two independent sources that do not copy each other.
Why this label: All figures in this claim are from Microsoft's own release, read in full for this brief.
On the ladder: a claim earns Verified from primary evidence, or from two independent sources that do not copy each other.
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Why this label: The expectations and buyout points are the Guardian/AFP report's, read in full via browser recovery, and are reported here as that report states them. Microsoft's own earnings release does not mention buyouts, so no buyout figure rests on the release. No figure in this claim is Vozia's own estimate.
On the ladder: a claim earns Verified from primary evidence, or from two independent sources that do not copy each other.
What we know / what we don't know yet
What we know
- The headline results, segment figures and shareholder return — from Microsoft's own earnings release read in full, cross-checked against the Guardian's Agence France-Presse report on revenue, profit and Azure growth.
What we don't know yet
- Microsoft's forward guidance — the release says guidance would be provided on the earnings conference call, which had not been read for this brief at publication.
- Alphabet's results on the same day — its own release was not read in this run and secondary figures conflicted in earlier scans, so nothing about Alphabet is stated as fact here.
- Whether an official video of the earnings announcement was available at publication — the earnings webcast is carried on Microsoft's own investor site, and no official Microsoft YouTube video was verified via YouTube's oEmbed endpoint in this run, so the brief is published without an embedded video rather than using a third-party re-stream.
Why it matters
Microsoft is one of the world's largest companies and its cloud and AI results are a bellwether for technology spending: Azure growing 48% and Cloud revenue reaching $63.9 billion in a single quarter, while the consumer devices side shrinks, shows where the company's growth — and, per the Guardian/AFP report, its job cuts by voluntary buyout — are concentrated.
Update history
No silent edits. Every change is written here, with its time.
- Latest
Story published as a confirmed brief, based on Microsoft's own earnings release of 28 October 2026, read in full, cross-checked against the Guardian's Agence France-Presse report read in full via browser recovery. The earnings had been noted in earlier scans on 28 October from secondary commentary only and held until the company's own release was read.