Microsoft Posts 10th Straight Record Quarter With $92.3B Revenue, 19% Growth

Microsoft reported record quarterly revenue for the tenth consecutive quarter on Wednesday, posting $92.3 billion, up 19% year over year. Net income reached $36.6 billion, a 32% GAAP increase. Microsoft Cloud drove the results with $63.9 billion in revenue, up 30%. Within that, Azure contributed $33.2 billion and Microsoft 365 nearly $28 billion. Microsoft also disclosed $10 billion in revenue from OpenAI, which continues to run much of its services on Microsoft's cloud. Commercial remaining performance obligation rose 73% to $677 billion, representing contracted future revenue. The company has reorganized reporting into two segments: Agents and Infra, and Devices and Consumer. The latter fell 3% to $15.5 billion, with Windows OEM and devices revenue down 22%. Capital expenditures topped $45.2 billion, an all-time quarterly record, as Microsoft invests to meet contracted cloud and AI demand.