Microsoft reported Q1 revenue of $92.3 billion, with Azure revenue growing 48% year-over-year. According to Microsoft's official announcement, revenue for the first fiscal quarter of 2027 (ending September 30, 2026) was $92.3 billion, a 19% year-over-year increase; net income was $36.6 billion, a 32% year-over-year increase; and non-GAAP earnings per share were $4.89, an 18% year-over-year increase. Azure revenue grew 48% year-over-year; Microsoft Cloud revenue was $63.9 billion, a 30% year-over-year increase; and commercial remaining compliance obligations increased 73% year-over-year to $677 billion. Property and equipment expenses for the quarter were $39.4 billion. Microsoft CFO Amy Hood stated that revenue, operating profit, and earnings per share all exceeded expectations.