Microsoft Expected to Report Higher 1Q Revenue With AI Growth, CapEx in Focus — Earnings Preview

What happened

Microsoft reported fiscal first-quarter revenue of $92.3 billion, up 19% from a year earlier, and earnings per share of $4.92, up 32%; both were above forecasts. Azure revenue rose 48%. Some cloud contracts tied to graphics chips were delayed until the first half of 2027.

Global impact / market context

The results beat forecasts, but delayed cloud contracts change when some Azure growth may arrive. This leaves investors weighing strong reported growth against a shift in its timing.

What to watch

1. Check whether Microsoft gives more detail on the cloud contracts delayed to the first half of 2027; this could clarify when the related growth may arrive.
2. Check future Azure revenue updates; they show whether the reported 48% growth continues.
3. Check whether the company confirms the reported voluntary exit program for about 60,000 roles and its planned December 31, 2026 departure date; the supplied reports conflict on key earnings figures, and this exit plan appears in only one report.

Affected assets

• MSFT

Evidence

• Infoway News — Key facts: MSFT Beats; Azure Timing Shifts; Ends Oracle AI Deal 2026-11-07T08:00:00+00:00
• Infoway News — Key facts: Microsoft (MSFT) Q1 rev ~$90.66–90.68B; ~60,000 exits 2026-10-28T07:00:00+00:00
• Infoway News — Microsoft Expected to Report Higher 1Q Revenue With AI Growth, CapEx in Focus — Earnings Preview 2026-10-27T18:33:00+00:00
• Incident timeline — Key facts: MSFT Beats; Azure Timing Shifts; Ends Oracle AI Deal
• Incident timeline — Key facts: Microsoft (MSFT) Q1 rev ~$90.66–90.68B; ~60,000 exits
• Incident timeline — Microsoft Expected to Report Higher 1Q Revenue With AI Growth, CapEx in Focus — Earnings Preview