Microsoft Q1 FY27: Revenue $92.3B (+19%), EPS $4.92, Azure Up 48%
MSFT sits 58% above its 52-week low of $349.2.
Summary
Microsoft reported fiscal Q1 revenue of $92.3B (+19%) and GAAP EPS of $4.92 (+32%), beating the morning preview. Azure rose 48% and commercial RPO climbed 73% to $677B, while Windows OEM and devices revenue fell 22%.
Updates
· Reuters — Wall Street's median 12-month price target on Microsoft is $600, about 12.9% above its October 27 close of $531.33, with 57 buy ratings and 2 holds.
Key Events · Earnings and Guidance · MSFT
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Q1 Revenue and EPS Beat Preview
Revenue came in at $92.3B, up 19% year-over-year, and GAAP diluted EPS was $4.92, up 32% — both above the ~$90.7B and ~$4.72 previewed earlier in the day.
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Azure Accelerates to 48% Growth
Azure revenue reached $33.165B, up 48%, while Microsoft Cloud revenue was $63.9B with growth accelerating to 30%. Commercial remaining performance obligation rose 73% to $677B.
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Capex Runs at $39.4B for the Quarter
Additions to property and equipment totaled $39.367B against $58.0B of operating cash flow, keeping AI infrastructure spending the central swing factor for free cash flow.
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Consumer Segment Contracts
Devices and Consumer revenue fell 3% to $15.484B, as Windows OEM and devices revenue dropped 22% and XBOX content and services declined 2%.
Analysis · MSFT · Technology
Microsoft beat the morning preview on both lines: revenue of $92.3B versus the ~$90.7B expected, and GAAP EPS of $4.92 versus ~$4.72. Azure accelerated to 48% growth, and commercial remaining performance obligation rose 73% to $677B. The soft spot is consumer, where Windows OEM and devices revenue fell 22% and the Devices and Consumer segment shrank 3%. Capital intensity remains the key tension: $39.4B of property and equipment additions in a single quarter against $58.0B of operating cash flow.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. 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 $550.21 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.