Read Microsoft’s FY27 Q1 segment revenue against the recast 2025 amounts shown for Agents and Infra and Devices and Consumer, keeping the new labels and millions-of-dollars unit attached.
Start with the reporting period and units
Microsoft’s October 28, 2026 earnings release reports results for the three months ended September 30, 2026. Its segment revenue reconciliation presents amounts in millions of dollars and compares 2026 with 2025. Keep that period and unit attached when quoting the figures.
Use the recast segment pairs
For Agents and Infra, the release shows revenue of $76,795 million in 2026 and $61,672 million in 2025, with reported year-over-year growth of 25%. For Devices and Consumer, it shows $15,484 million and $16,001 million, respectively, with a 3% decline. These are the release’s reported segment comparisons.
Keep the category change in view
Microsoft says it recast certain prior-period amounts to conform to how it internally manages and monitors its business, reflecting fiscal 2027 segment changes announced in September 2026. So the 2025 amounts shown beside the FY27 segments are presented on a recast basis. The comparison answers how revenue changed under this presentation; it does not preserve the prior segment labels as if nothing changed.
A useful reading rule
When carrying these figures into a note or spreadsheet, preserve the segment names, three-month period, millions-of-dollars unit and the fact that prior-period amounts were recast. The release supports the reported comparison, but this segment table alone does not explain every underlying business movement.
Sources & scope
An AI-assisted explainer checked against the linked primary sources. Source review dates are not necessarily announcement dates.