Microsoft reported October 28 that revenue rose 19% from a year earlier to $92.3 billion in its first fiscal quarter of 2027. Net income increased 32% to $36.6 billion, or $4.92 per diluted share.
The results cover the three months ended September 30, 2026. Operating income grew 21% to $45.9 billion, according to the earnings release furnished with the company's Form 8-K.
Microsoft Cloud revenue reached $63.9 billion, up 30% from a year earlier, chief financial officer Amy Hood said in the release.
Investment effects explain part of the difference between reported and adjusted profit growth. Excluding gains and losses associated with OpenAI investments, Microsoft reported adjusted net income of $36.4 billion and adjusted diluted earnings of $4.89 a share, both up 18%.
The current quarter included a $207 million net gain from those investments. The comparable quarter included a $3.086 billion loss. The adjusted figures are supplemental measures rather than replacements for the company's standard accounting results.
Sources Microsoft Form 8-K and earnings release, reproduced by StockTitan: https://www.stocktitan.net/sec-filings/MSFT/8-k-microsoft-corp-reports-material-event-1d104ec399c6.html