Microsoft posts $92.3bn quarterly revenue
The gist
Microsoft reported $92.3bn quarterly revenue, up 19%, with Azure revenue up 48% to $33.2bn.
The results came days after buyout offers to about 60,000 staff amid AI spending.
How it unfolded
- Oct 26, 2026Microsoft said it would offer buyouts to around 60,000 workers to cut costs as it invests heavily in AI.
- Oct 28, 2026Microsoft reported first-quarter revenue of $92.3 billion, up 19%, operating income of $45.9 billion and net income of $36.6 billion, up 32% GAAP.
- Oct 28, 2026Azure revenue reached $33.2 billion, up 48% year-over-year, and Microsoft Cloud revenue hit $63.9 billion, up 30%.