Microsoft reported first quarter 2027 revenue of $92.3 billion, up 19%, with Microsoft Cloud revenue reaching $63.9 billion (up 30%) and Azure growing 48%. Non-GAAP EPS was $4.89, up 18%, and cash flow from operations rose 29% to $58 billion. Commercial remaining performance obligation reached $677 billion, up 73%, while capital expenditures totaled $45.2 billion, with 75% allocated to short-lived assets such as CPUs and GPUs for AI infrastructure. Management said demand for AI services still exceeds available supply and projected second-quarter revenue of $96 billion to $97.1 billion and capex of over $50 billion. Windows OEM revenue fell 27% due to partner inventory drawdowns and weaker PC demand, and some third-party capacity deliveries were delayed.
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earningsartificial intelligencecloud computingMSFTcapital expenditure
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Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 530.83 |
| Change that session | -0.09% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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