Microsoft Q1 FY2027: $92.3B revenue and $33.6B net, Azure-led

Business Oct 29, 2026

Microsoft just posted some big numbers for Q1 FY2027: revenue hit $92.3 billion (up 19% from last year) and net income soared 32% to $33.6 billion.

The real stars? Azure and cloud services drove most of this growth.

Azure revenue $33.17B up 48%

To show how important cloud has become, Microsoft split its finances into "Agents and Infra" (mostly cloud stuff) and "Devices and Consumer."

Azure alone pulled in $33.17 billion, a huge 48% jump over last year.

While device sales dipped, the "Agents and Infra" segment now makes up a massive 83% of total revenue, proving that Microsoft's future is all about the cloud.