The facts

  1. GAAP diluted earnings were $4.92 per share, up 32%. Microsoft also reported non-GAAP diluted EPS of $4.89, up 18%, excluding the impact of its OpenAI investments. These are distinct accounting measures. [1]

  2. Operating income reached $45.915 billion, up 21%. Microsoft Cloud revenue was $63.9 billion, up 30% on a reported basis and 31% in constant currency. [1]

  3. The Agents and Infra segment generated $76.795 billion, up 25%; Devices and Consumer revenue fell 3% to $15.484 billion. Microsoft recast prior-period segment figures following its September 2026 reorganisation. [1]

  4. Independent reporting by Investing.com corroborated revenue of about $92.28 billion, adjusted EPS of $4.89 and Azure's 48% growth. No exact EPS beat is calculated here from an unspecified analyst accounting basis. [1][2]

Sources

References support the numbered facts above. Source checks: 28 Oct 2026, 22:41 UTC.

  1. Microsoft Announces First Quarter Results — FY27 Q1

    Microsoft Investor Relations · Primary source · 28 Oct 2026

    Actual issuer release and GAAP/non-GAAP reconciliation. The quarter ended 30 September 2026; segment comparisons use recast prior-year figures.

  2. Microsoft stock up over 2% after hours as Azure strength drives FQ1 results beat

    Investing.com · Reporting · 28 Oct 2026

    Independent report by Anuron Mitra. Its $4.89 EPS figure corresponds to the issuer's non-GAAP measure. No share-price snapshot is reproduced.

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