Microsoft reported first-quarter fiscal year 2027 revenue of $92.3 billion, up 19% year-over-year, with net income reaching $36.6 billion, a 32% increase. Non-GAAP earnings per share came in at $4.89, up 18% from the prior year. Azure revenue surged 48% year-over-year, while Microsoft Cloud revenue hit $63.9 billion, growing 30%. Commercial remaining performance obligations expanded 73% to $677 billion. The company spent $39.4 billion on property and equipment during the quarter ending September 30, 2026. CFO Amy Hood confirmed that revenue, operating income, and earnings per share all exceeded expectations.