Microsoft beats Q1 2026 earnings expectations as Azure cloud revenue surges 40%, driven by AI boom; stock slips after-hours despite $77.67B revenue, up 18% year-over-year.

Microsoft reports earnings beat as Azure revenue climbs 40%

Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023.Ben Kriemann | Getty ImagesMicrosoft reported better-than-expected results for its fiscal first quarter as revenue in the company's Azure cloud business jumped 40%. The stock slipped in extended trading.Earnings per share: $4.13 adjusted vs. $3.67 per share expectedRevenue: $77.67 billion vs. $75.33 billion expectedRevenue increased 18% in the fiscal first quarter from $65.6 billion a year ago, according to a r...