Microsoft Q1 2026 results ($MSFT)
EPS: $3.72 vs est. $3.67
Revenue: $77.67B vs est. $75.55B
Intelligent Cloud revenue: $30.9B vs est. $30.18B
Total Cloud revenue: $49.1B
Azure & Other Cloud revenue (ex-FX): +39% y/y vs est. +37.1%
Microsoft reported better-than-expected fiscal first-quarter results, with EPS of $3.72 topping estimates of $3.67 and revenue rising to $77.67B versus expectations of $75.55B. The company’s Intelligent Cloud segment delivered $30.9B in revenue, ahead of forecasts, while total cloud revenue reached $49.1B.
Growth was broad-based across core businesses. Microsoft Cloud revenue climbed 25%, led by a 39% surge in Azure and other cloud services. Productivity segments also performed strongly, with Microsoft 365 Commercial up 15%, Microsoft 365 Consumer up 25%, and Dynamics 365 rising 16%.
LinkedIn grew 9% year-on-year, while Commercial remaining performance obligations (RPOs) jumped 51%, underscoring robust enterprise demand. Search and news advertising excluding TAC rose 15%, Windows OEM and devices revenue gained 6%, and Xbox content and services were flat on the year.
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Microsoft’s strong quarter reinforced its position as the leading beneficiary of enterprise AI and cloud adoption. The double-digit gains across Azure, Microsoft 365, and Dynamics highlight sustained business demand, while stable hardware and gaming results underscore its diversified revenue base.
