Event time: 事件时间：
Published: 文章发布：
Key Results
Actual vs Consensus
EPS: $4.89 vs $4.72 estimate, beat+3.6%.Revenue: $92.3B vs $90.6B estimate, beat+1.8%.Profitability and Cash Flow
Period: 2027 Q1 period ended 2026-09-30Revenue: $92.3B; YoY: +18.8%; QoQ: +2.5%Gross profit: $62.6B; Gross margin: 67.8%Operating income: $45.9B; Operating margin: 49.8%; YoY: +21.0%; QoQ: +13.1%Net income: $36.6B; GAAP diluted EPS: $4.89; YoY: +32.0%; QoQ: +2.4%Operating cash flow: $58.0B; Capex: $39.4B; Free cash flow: $18.6BCash: $20.3B; Total debt: $57.2B; Net debt: $36.9BOfficial release: Microsoft earnings press release available on Investor Relations website
核心结果
实际值与市场预期
EPS：$4.89 vs $4.72 预期，高于预期+3.6%。营收：$92.3B vs $90.6B 预期，高于预期+1.8%。财务指标
期间：2027 Q1（截至 2026-09-30）营收：$92.3B；同比：+18.8%；环比：+2.5%毛利润：$62.6B；毛利率：67.8%经营利润：$45.9B；经营利润率：49.8%；同比：+21.0%；环比：+13.1%净利润：$36.6B；GAAP 稀释 EPS：$4.89；同比：+32.0%；环比：+2.4%经营现金流：$58.0B；资本开支：$39.4B；自由现金流：$18.6B现金：$20.3B；总债务：$57.2B；净债务：$36.9B
