Microsoft reports 48% Azure growth as cloud revenue reaches $63.9 billion

Published Wednesday, October 28, 2026 · 4:27 PM EDT

Microsoft reported that Azure revenue increased 48% year over year in its fiscal first quarter, while Microsoft Cloud revenue rose 30% to $63.9 billion. Total revenue for the quarter ended September 30 reached $92.3 billion, up 19%, and operating income increased 21% to $45.9 billion. Commercial remaining performance obligations increased 73% to $677 billion. Growth was uneven across the company: Windows OEM and Devices revenue fell 22%. Net income rose 32% to $36.6 billion under generally accepted accounting principles; excluding the impact of OpenAI investments, it increased 18% to $36.4 billion.

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