Microsoft 季度收入按年增長 19% 至 $92.3 billion

Microsoft reports that it earned a net income of $36.6 billion on revenues of $92.3 billion in the quarter ending September 30, 2026. Those figures represent gains of 32 percent and 19 percent, respectively, year-over-year (YOY).

“We are delivering greater capability, choice, control, and cost efficiency for customers across our entire stack,” Microsoft chairman and CEO Satya Nadella said. “By helping organizations build and own their own intelligence, and earning trust through agent safety and security, we are translating our innovation into growing adoption and real-world impact across every industry.”

As you may recall, Microsoft announced a major restructuring of the company for financial reporting purposes back in September. Basically, it combined its two biggest business units, Productivity and Business Processes (Microsoft 365) and Intelligent Cloud (Azure), into a single business unit called Agents and Infra, and it renamed More Personal Computing (Windows, Surface, Xbox) to Devices and Consumer. And this is the first quarter in which that reporting structure is used.

On that note, Agents and Infra generated $76.8 billion in revenues, or about 83 percent of Microsoft’s total revenues, a gain of 25 percent YOY when compared to an imaginary version of Microsoft a year ago that used this structure. Azure revenues were up 48 percent YOY, Microsoft 365 commercial cloud revenue was up 18 percent YOY, and Microsoft 365 consumer cloud revenue was up 17 percent YOY.

Devices and Consumer contributed $15.5 billion in revenues, a decline of 3 percent YOY. Windows revenues from PC makers and Surface declined 22 percent YOY, XBOX content and services revenue was down 2 percent YOY, and XBOX hardware revenues fell 14 percent YOY.

I will try to write up a more detailed analysis of the quarter soon, but tomorrow and Friday are full schedule-wise, so it might be a longer wait than usual. Will do my best.