Microsoft 10-Q Details Q1 FY27: $92.3B Revenue, $36.6B Net Income, Capex $39.4B
MSFT sits 59% above its 52-week low of $349.2.
Summary
Microsoft's Q1 FY27 10-Q confirms $92.3B revenue (+19%), $36.6B net income and $4.92 diluted EPS, with $39.4B of quarterly capex and $677B of commercial remaining performance obligations. The report also locks in the new Agents and Infra / Devices and Consumer segment structure.
Key Events · Earnings and Guidance · MSFT
-
Q1 FY27 Revenue $92.3B, EPS $4.92
Revenue rose 19% to $92,279M from $77,673M, operating income rose 21% to $45,915M and net income rose 32% to $36,629M; diluted EPS was $4.92 versus $3.72.
-
Capex $39.4B Against $58.0B Operating Cash Flow
Additions to property and equipment were $39,367M in the quarter versus $19,394M a year earlier, while net cash from operations was $58,000M — AI infrastructure remains the main drag on free cash flow.
-
New Segments: Agents and Infra, Devices and Consumer
Agents and Infra revenue was $76,795M (+25%) with operating income of $40,558M; Devices and Consumer revenue was $15,484M (-3%) with operating income of $5,357M, as Windows OEM and devices fell 22%.
-
Commercial RPO $677B, Up 73%
Total remaining performance obligations were $683B and the commercial portion $677B, with a weighted average duration of about 2.3 years; unearned revenue ended the quarter at $69,563M.
Analysis · MSFT · Technology
This is the full quarterly report behind this evening's earnings release, and it carries the numbers that matter for the thesis: revenue of $92.3B (+19%), operating income of $45.9B (+21%) and net income of $36.6B (+32%). Capital spending is the swing factor — additions to property and equipment hit $39.4B in a single quarter versus $19.4B a year ago, against $58.0B of operating cash flow — so free cash flow is being consumed by AI infrastructure even as the top line accelerates. The filing also formalizes the new two-segment structure (Agents and Infra at $76.8B of revenue, Devices and Consumer at $15.5B, down 3%), which resets how investors will track Azure and consumer businesses going forward. Commercial remaining performance obligations of $677B (+73%) are the clearest evidence that contracted demand is still outrunning capacity.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39% of the 991 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MSFT was trading at $555.47 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9T. The 52-week trading range was $349.20 to $553.72. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.