Microsoft(MSFT) - 2026 Q1 - Earnings Call Presentation

Financial Performance - Revenue reached $77.7 billion, an increase of 18% (17% in constant currency) [4] - Operating income grew to $38.0 billion, up 24% (22% in constant currency) [4] - Net income was $27.7 billion, a rise of 12% (11% in constant currency), or $30.8 billion non-GAAP, up 22% (21% in constant currency) [4] - Diluted earnings per share were $3.72, up 13% (11% in constant currency), or $4.13 non-GAAP, up 23% (21% in constant currency) [4] - The company returned $10.7 billion to shareholders through $6.8 billion in dividends and $4.0 billion in share repurchases [6] Segment Performance - Productivity and Business Processes revenue was $33.0 billion, up 17% (14% in constant currency) [4] - Intelligent Cloud revenue reached $30.9 billion, growing 28% (27% in constant currency) [4] - More Personal Computing revenue was $13.8 billion, an increase of 4% (4% in constant currency) [4] Microsoft Cloud - Microsoft Cloud revenue was $49.1 billion, up 26% (25% in constant currency) [12] - Commercial bookings increased 112% (111% in constant currency) [13] - Commercial remaining performance obligation reached $392 billion, up 51% year-over-year [13] Capital Expenditures and Cash Flow - Capital expenditures were $34.9 billion, up 74%, including $11.1 billion in finance leases [9, 11] - Cash paid for property and equipment was $19.4 billion, up 30% [9, 11] - Cash flow from operations was $45.1 billion, up 32% [11] - Free cash flow was $25.7 billion, up 33% [11]