Form 8-K

8-K — MICROSOFT CORP

Accession: 0001193125-26-380280

Filed: 2026-09-02

Period: 2026-09-02

CIK: 0000789019

SIC: 7372 (SERVICES-PREPACKAGED SOFTWARE)

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — d291965d8k.htm (Primary)

EX-99.1 (d291965dex991.htm)

GRAPHIC (g291965ex99_1s10g1.jpg)

GRAPHIC (g291965ex99_1s11g1.jpg)

GRAPHIC (g291965ex99_1s12g1.jpg)

GRAPHIC (g291965ex99_1s13g1.jpg)

GRAPHIC (g291965ex99_1s14g1.jpg)

GRAPHIC (g291965ex99_1s15g1.jpg)

GRAPHIC (g291965ex99_1s16g1.jpg)

GRAPHIC (g291965ex99_1s17g1.jpg)

GRAPHIC (g291965ex99_1s18g1.jpg)

GRAPHIC (g291965ex99_1s19g1.jpg)

GRAPHIC (g291965ex99_1s1g1.jpg)

GRAPHIC (g291965ex99_1s20g1.jpg)

GRAPHIC (g291965ex99_1s21g1.jpg)

GRAPHIC (g291965ex99_1s22g1.jpg)

GRAPHIC (g291965ex99_1s2g1.jpg)

GRAPHIC (g291965ex99_1s3g1.jpg)

GRAPHIC (g291965ex99_1s4g1.jpg)

GRAPHIC (g291965ex99_1s5g1.jpg)

GRAPHIC (g291965ex99_1s6g1.jpg)

GRAPHIC (g291965ex99_1s7g1.jpg)

GRAPHIC (g291965ex99_1s8g1.jpg)

GRAPHIC (g291965ex99_1s9g1.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: d291965d8k.htm · Sequence: 1

8-K

0000789019 false 0000789019 2026-09-02 2026-09-02 0000789019 msft:NotesTwoPointOneTwoFivePercentDueDecemberSixTwentyTwentyOneMember 2026-09-02 2026-09-02 0000789019 msft:NotesThreePointOneTwoFivePercentDueDecemberSixTwentyTwentyEightMember 2026-09-02 2026-09-02 0000789019 msft:NotesTwoPointSixTwoFivePercentDueMayTwoTwentyThirtyThreeMember 2026-09-02 2026-09-02

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) September 2, 2026

Microsoft Corporation

Washington

001-37845

91-1144442

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

One Microsoft Way, Redmond, Washington

98052-6399

(425) 882-8080

www.microsoft.com/investor

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol

Name of exchange

on which registered

Common stock, $0.00000625 par value per share

MSFT

NASDAQ

3.125% Notes due 2028

MSFT

NASDAQ

2.625% Notes due 2033

MSFT

NASDAQ

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure

On September 2, 2026, Microsoft Corporation (the “Company”) posted presentation materials to its Investor Relations website titled “FY27 Segments and Investor Metrics” announcing a change in reportable segments and investor metrics. Beginning in fiscal year 2027, the Company will manage its operations under this updated reporting structure and report its financial performance based on two reportable segments: (1) Agents and Infra and (2) Devices and Consumer. A copy of the presentation materials is furnished as Exhibit 99.1 to this report.

The exhibit furnished on this report under Regulation FD provides a description of our updated reporting structure and presents summary financial information and historical data on a basis consistent with the updated reporting structure.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

99.1

Investor Presentation, dated September 2026, titled “FY27 Segments and Investor Metrics”

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MICROSOFT CORPORATION

(Registrant)

Date: September 2, 2026

/s/ ALICE L. JOLLA

Alice L. Jolla

Corporate Vice President and

Chief Accounting Officer

EX-99.1

Filename: d291965dex991.htm · Sequence: 2

EX-99.1

FY27 Segments and Investor Metrics

September 2026 Exhibit 99.1

This presentation contains

forward-looking statements, which are any predictions, projections, or other statements about future events. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could

materially differ because of factors discussed in the Risk Factors section and other sections of our Form 10-K, Forms 10-Q, and other reports and filings with the Securities and Exchange Commission. We do not undertake any duty to update

forward-looking statements.

All growth comparisons in this

presentation relate to the corresponding period of last fiscal year unless otherwise noted. Numbers may not foot due to rounding. Agenda A note from Satya Updates for FY27 Segment Structure Metric Changes Restated Historical Financials FY27 Q1

Adjusted Outlook

Our updated segment reporting Satya

Nadella, Chairman and Chief Executive Officer of Microsoft There’s no question AI represents a profound shift in both technology and business. It is changing what we build and how we operate, and it is blurring the boundaries between our

products and reshaping our business models. To reflect this and provide increased transparency to investors, we are updating our financial reporting to mirror how the business is operating, how we allocate resources, and where we are headed.

Beginning with FY27, we will transition from our current three reporting segments, Productivity and Business Processes, Intelligent Cloud, and More Personal Computing, to two segments: Agents and Infra and Devices and Consumer. Within each of these

segments, you will have full transparency of quarterly revenue across each of our key businesses, including Azure, M365 Cloud, Industry solutions, and ads. We will continue to focus on security, quality, and innovation in everything we do. We want

every organization to own its own continuous learning loop so it retains its core IP, and to ensure AI empowers every person, amplifying their agency and ambition. That is what we mean by a frontier ecosystem, ensuring value flows and accrues across

people, companies, industries, and countries, thereby leading to broad-based economic growth. As we build this ecosystem, the layers of our stack are not separate opportunities but reinforce each other. Investing in one strengthens the others and

allows us to deliver customer value in a differentiated way.

Our updated segment reporting Satya

Nadella, Chairman and Chief Executive Officer of Microsoft Our Agents and Infra segment brings together our high-value apps and agents, including Microsoft 365 and GitHub, our multi-model system grounded in rich-enterprise context, and global-scale

Azure infrastructure. Under this reporting structure, Azure becomes more purely our consumption-based platform and infrastructure business. Microsoft 365 Cloud brings together our high-value apps and agents across knowledge work, code, and security

(Security has largely been part of this business already; the new structure makes that alignment clearer). We are also bringing together the reporting of all our business process solutions as part of the new Industry solutions metric. This

integrated architecture across agents and infra is how we think about engaging with customers and driving their outcomes, building products, and monetization. It’s no longer about building or selling one app or service, but about connecting

the entire trajectory of a “job to be done.” This expands our opportunity across every layer of the stack, from apps and agents that compress and complete tasks, workflows, and processes; to model systems that power agent reasoning and

actions; to infrastructure that trains and serves those models and agent loops in the most efficient way. Our Devices and Consumer segment is where we bring ubiquitous intelligence to billions of people every day, with expansive TAMs across search

and advertising, XBOX, and Windows. This reporting structure brings our advertising businesses together better reflecting their shared economics and the increasingly connected experiences across search, browsing, content discovery, and transactions.

Across our tech stack, business models, and go-to-market, we are well positioned to generate high returns on invested capital because of the built-in diversification of our businesses, architectural coherence of our stack, and operational synergies.

I have never been more confident in the opportunity ahead. Thank you for your continued investment in Microsoft. Satya

Segment Structure

We will transition to two reporting

segments for FY27. Agents and Infra will include the Microsoft Cloud, productivity and server licensing, and our consulting and support businesses. Devices and Consumer will include our Windows, XBOX, and advertising businesses. With these

segment changes and to provide transparency to investors, we are updating our product and services reporting definitions to better represent the businesses as we manage them today, which will be used in our SEC filings going

forward. Agents and Infra Azure has been updated to reflect the move of GitHub cloud and other developer cloud services as well as Security Copilot to Microsoft 365 cloud. Healthcare and Life Sciences cloud will move to the new Industry

solutions cloud metric. Microsoft 365 cloud now brings together our productivity, developer, and security app offerings across commercial and consumer including: Microsoft 365 commercial cloud will now include GitHub cloud and other developer

cloud services as well as Security Copilot which were previously reported in Azure Microsoft 365 consumer cloud is unchanged Productivity and server licensing brings together licensing offerings across our products including: Server products now

excludes the on-premises portion of GitHub and other developer services which has moved to Microsoft 365 commercial products as well as the on-premises portion of the Healthcare and Life Sciences business which has moved to Industry Solutions

Microsoft 365 commercial products will now include the on-premises portion of GitHub and other developer services which were previously reported in Server products Microsoft 365 consumer products was previously reported as Office consumer

products, but is otherwise unchanged Industry solutions brings together our vertical commercial offerings across Dynamics, LinkedIn, and Healthcare including: Industry solutions cloud, which is formed from Dynamics 365, LinkedIn Talent Solutions and

Sales Solutions, previously reported in LinkedIn, and Healthcare and Life Sciences cloud, previously reported in Azure Industry solutions products, which is the on-premises portion of these businesses Frontier and support services was previously

reported as Enterprise and Partner services, but is otherwise unchanged FY27 Segment changes and resulting new product and service reporting updates The product and service offerings referenced above will be reported in our SEC filings

Devices and Consumer Search and

advertising brings together our advertising businesses by adding LinkedIn Marketing Solutions, along with LinkedIn Premium Subscriptions, to the prior Search advertising disclosure XBOX is unchanged Windows OEM and devices was previously

reported as Windows and Devices, but is otherwise unchanged, except for the inclusion of a small amount of revenue previously reported in Other The product and service offerings referenced above will be reported in our SEC filings FY27 Segment

changes and resulting new product and service reporting updates

Segment Structure FY27 Segment

Structure Agents and Infra Azure Microsoft 365 cloud Microsoft 365 commercial cloud Microsoft 365 consumer cloud Productivity and server licensing Server products Microsoft 365 commercial products Microsoft 365 consumer products Industry solutions

Industry solutions cloud Industry solutions products Frontier and support services Devices and Consumer Search and advertising XBOX XBOX content and services XBOX hardware Windows OEM and devices FY26 Segment Structure Productivity and Business

Processes Microsoft 365 commercial products and cloud services Microsoft 365 commercial cloud Microsoft 365 commercial products Microsoft 365 consumer products and cloud services Microsoft 365 consumer cloud Office consumer products Dynamics

products and cloud services Dynamics 365 Dynamics products LinkedIn Intelligent Cloud Server products and cloud services Azure and other cloud services Server products Enterprise and partner services More Personal Computing Search advertising XBOX

XBOX content and services XBOX hardware Windows and devices Windows OEM and devices Windows other

Metric Changes

As a result of the product and

service reporting updates, the following metrics have been updated: Azure revenue growth metric definition has been updated to reflect the move of GitHub cloud and other developer cloud services revenue, and the move of Security Copilot revenue to

Microsoft 365 commercial cloud, as well as the move of Healthcare and Life Sciences cloud revenue to Industry solutions cloud Microsoft 365 commercial cloud revenue growth metric definition has been updated to include revenue from GitHub cloud and

other developer cloud services, as well as Security Copilot, which were previously reported in Azure Microsoft 365 commercial seat growth metric definition has been updated to include paid GitHub seats Industry solutions cloud revenue growth metric

is created by combining revenue from Dynamics 365 together with revenue from LinkedIn Talent Solutions and Sales Solutions, which were previously reported in LinkedIn, as well as Healthcare and Life Sciences cloud which was previously reported in

Azure Search and advertising revenue (ex TAC) growth metric definition has been updated to include revenue from LinkedIn Marketing Solutions (ex TAC) and Premium Subscriptions which were previously reported in LinkedIn FY27 Metric Updates Only

metrics with material changes are listed on this slide. See slide 13 for a full list of metric definitions.

Investor Metrics FY26 Investor

Metrics Commercial; Intelligent Cloud; Productivity & Business Processes Commercial bookings growth Commercial remaining performance obligation Microsoft Cloud revenue and revenue growth Microsoft Cloud gross margin percentage Azure and other

cloud services revenue growth Microsoft 365 commercial cloud revenue growth Microsoft 365 commercial seat growth Microsoft 365 consumer cloud revenue growth Dynamics 365 revenue growth LinkedIn revenue growth More Personal Computing Search

advertising revenue (ex TAC) growth XBOX content and services revenue growth Windows OEM and devices revenue growth FY27 Investor Metrics Agents and Infra Commercial bookings growth Commercial remaining performance obligation Microsoft Cloud revenue

and revenue growth Microsoft Cloud gross margin percentage Azure revenue growth Microsoft 365 commercial cloud revenue growth Microsoft 365 commercial seat growth Microsoft 365 consumer cloud revenue growth Industry solutions cloud revenue growth

Devices and Consumer Search and advertising revenue (ex TAC) growth XBOX content and services revenue growth Windows OEM and devices revenue growth

Commercial bookings growth: for

commercial products and cloud services, sum of revenue growth, plus change in balance of unearned revenue plus the change in contracted not billed balance Commercial remaining performance obligation: commercial portion of revenue allocated to

remaining performance obligations, which includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods Microsoft Cloud revenue and revenue growth: revenue from Azure, Microsoft 365 commercial cloud, and

Industry solutions cloud Microsoft Cloud gross margin percentage: gross margin percentage for our Microsoft Cloud business Azure revenue growth: revenue from Azure, including cloud and AI consumption-based services and virtual desktop offerings

Microsoft 365 commercial cloud revenue growth: revenue from Microsoft 365 Commercial subscriptions (comprising Microsoft 365 Commercial, Enterprise Mobility + Security, the cloud portion of Windows Commercial, and other commercial services),

Microsoft 365 Copilot, GitHub Cloud and other cloud-based developer services, and Security Copilot Microsoft 365 commercial seat growth: the number of Microsoft 365 Commercial seats and GitHub Cloud seats at end of period where seats are paid users

covered by a Microsoft 365 Commercial subscription or GitHub subscription Microsoft 365 consumer cloud revenue growth: revenue from Microsoft 365 Consumer subscriptions and other consumer services Industry solutions cloud revenue growth: revenue

from Dynamics 365 (including a set of intelligent, cloud-based applications across ERP, CRM, Service, Power Apps, and Power Automate), LinkedIn Talent Solutions, LinkedIn Sales Solutions, and Healthcare and Life Sciences cloud Agents and Infra

Devices and Consumer Search and advertising revenue (ex TAC) growth: revenue from search advertising excluding traffic acquisition costs ("TAC") paid to Bing Ads network publishers and content partners, as well as revenue from LinkedIn Marketing

Solutions (ex TAC) and LinkedIn Premium Subscriptions XBOX content and services revenue growth: revenue from XBOX content and services, comprising first- and third-party content (including games and in-game content), XBOX Game Pass and other

subscriptions, XBOX Cloud Gaming, advertising, and other cloud services Windows OEM and devices revenue growth: revenue from sales of Windows Pro and non-Pro licenses sold through the OEM channel and sales of first-party devices (including Surface

and PC accessories), and related Windows offerings beyond OEM licensing FY27 Investor Metric Definitions

Restated Historical

Financials

($ in millions) 2026 2025 Agents

and Infra Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year Revenue $61,672 $64,441 $67,438 $74,576 $268,127 $50,476 $52,766 $54,763 $60,778 $218,783 Cost of revenue $17,701 $19,307 $20,949 $23,460 $81,417 $13,619 $14,630 $15,510 $17,533 $61,292

Operating expenses $11,253 $11,967 $12,741 $14,384 $50,345 $10,686 $11,418 $11,549 $13,024 $46,677 Operating income $32,718 $33,167 $33,748 $36,732 $136,365 $26,171 $26,718 $27,704 $30,221 $110,814 Devices and Consumer Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2

Q3 Q4 Fiscal Year Revenue $16,001 $16,832 $15,448 $15,431 $63,712 $15,109 $16,866 $15,303 $15,663 $62,941 Cost of revenue $6,342 $6,671 $5,879 $6,065 $24,957 $6,480 $7,169 $6,409 $6,481 $26,539 Operating expenses $4,416 $5,053 $4,919 $5,495 $19,883

$4,248 $4,762 $4,598 $5,080 $18,688 Operating income $5,243 $5,108 $4,650 $3,871 $18,872 $4,381 $4,935 $4,296 $4,102 $17,714 Total Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year Revenue $77,673 $81,273 $82,886 $90,007 $331,839 $65,585 $69,632

$70,066 $76,441 $281,724 Cost of revenue $24,043 $25,978 $26,828 $29,525 $106,374 $20,099 $21,799 $21,919 $24,014 $87,831 Operating expenses $15,669 $17,020 $17,660 $19,879 $70,228 $14,934 $16,180 $16,147 $18,104 $65,365 Operating income $37,961

$38,275 $38,398 $40,603 $155,237 $30,552 $31,653 $32,000 $34,323 $128,528 Segment History as Restated

($ in millions) 2026 2025

Productivity and Business Processes Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year Revenue $33,020 $34,116 $35,013 $37,847 $139,996 $28,317 $29,437 $29,944 $33,112 $120,810 Cost of revenue $5,721 $6,110 $6,197 $6,989 $25,017 $5,294 $5,569 $5,517

$6,042 $22,422 Operating expenses $6,892 $7,407 $7,843 $8,958 $31,100 $6,507 $6,983 $7,048 $8,077 $28,615 Operating income $20,407 $20,599 $20,973 $21,900 $83,879 $16,516 $16,885 $17,379 $18,993 $69,773 Intelligent Cloud Q1 Q2 Q3 Q4 Fiscal Year Q1

Q2 Q3 Q4 Fiscal Year Revenue $30,897 $32,907 $34,681 $39,306 $137,791 $24,092 $25,544 $26,751 $29,878 $106,265 Cost of revenue $12,314 $13,566 $15,120 $16,876 $57,876 $8,614 $9,405 $10,307 $11,845 $40,171 Operating expenses $5,192 $5,468 $5,808

$6,475 $22,943 $4,975 $5,288 $5,349 $5,893 $21,505 Operating income $13,391 $13,873 $13,753 $15,955 $56,972 $10,503 $10,851 $11,095 $12,140 $44,589 More Personal Computing Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year Revenue $13,756 $14,250

$13,192 $12,854 $54,052 $13,176 $14,651 $13,371 $13,451 $54,649 Cost of revenue $6,008 $6,302 $5,511 $5,660 $23,481 $6,191 $6,825 $6,095 $6,127 $25,238 Operating expenses $3,585 $4,145 $4,009 $4,446 $16,185 $3,452 $3,909 $3,750 $4,134 $15,245

Operating income $4,163 $3,803 $3,672 $2,748 $14,386 $3,533 $3,917 $3,526 $3,190 $14,166 Total Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year Revenue $77,673 $81,273 $82,886 $90,007 $331,839 $65,585 $69,632 $70,066 $76,441 $281,724 Cost of revenue

$24,043 $25,978 $26,828 $29,525 $106,374 $20,099 $21,799 $21,919 $24,014 $87,831 Operating expenses $15,669 $17,020 $17,660 $19,879 $70,228 $14,934 $16,180 $16,147 $18,104 $65,365 Operating income $37,961 $38,275 $38,398 $40,603 $155,237 $30,552

$31,653 $32,000 $34,323 $128,528 Segment History as Reported

Products and Service Offerings

Revenue As Reported 2026 2025 ($ in millions) Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year Server products and cloud services $28,872 $30,865 $32,592 $37,096 $129,425 $22,155 $23,641 $24,761 $27,878 $98,435 Microsoft 365 commercial products and

cloud services $23,966 $24,524 $25,593 $27,914 $101,997 $20,449 $21,117 $21,883 $24,318 $87,767 XBOX $5,508 $5,958 $5,341 $4,983 $21,790 $5,621 $6,581 $5,721 $5,532 $23,455 LinkedIn $4,714 $5,082 $4,832 $5,189 $19,817 $4,292 $4,587 $4,311 $4,622

$17,812 Windows and devices $4,551 $4,479 $4,041 $4,013 $17,084 $4,329 $4,512 $4,144 $4,329 $17,314 Search advertising $3,697 $3,812 $3,808 $3,859 $15,176 $3,225 $3,558 $3,504 $3,591 $13,878 Microsoft 365 consumer products and cloud services $2,204

$2,305 $2,297 $2,369 $9,175 $1,727 $1,821 $1,821 $2,035 $7,404 Dynamics products and cloud services $2,136 $2,204 $2,292 $2,374 $9,006 $1,849 $1,913 $1,929 $2,136 $7,827 Enterprise and partner services $2,022 $2,038 $2,087 $2,113 $8,260 $1,928

$1,892 $1,946 $1,994 $7,760 Other $3 $6 $3 $97 $109 $10 $10 $46 $6 $72 Total $77,673 $81,273 $82,886 $90,007 $331,839 $65,585 $69,632 $70,066 $76,441 $281,724 As Restated 2026 2025 ($ in millions) Q1 Q2 Q3 Q4 Fiscal Year Q1 Q2 Q3 Q4 Fiscal Year

Azure $22,384 $24,129 $26,008 $29,417 $101,938 $16,021 $17,337 $18,540 $20,712 $72,610 Microsoft 365 cloud $23,694 $24,466 $25,418 $26,721 $100,299 $20,017 $20,686 $20,967 $22,935 $84,605 Productivity and server licensing $8,678 $8,814 $8,760

$11,033 $37,285 $8,051 $8,307 $8,731 $10,302 $35,391 Search and advertising $5,942 $6,393 $6,065 $6,435 $24,835 $5,159 $5,773 $5,437 $5,802 $22,171 XBOX $5,508 $5,958 $5,341 $4,983 $21,790 $5,621 $6,581 $5,721 $5,532 $23,455 Industry solutions

$4,894 $4,994 $5,165 $5,292 $20,345 $4,459 $4,544 $4,579 $4,835 $18,417 Windows OEM and devices $4,551 $4,481 $4,042 $4,013 $17,087 $4,329 $4,512 $4,145 $4,329 $17,315 Frontier and support services $2,022 $2,038 $2,087 $2,113 $8,260 $1,928 $1,892

$1,946 $1,994 $7,760 Total $77,673 $81,273 $82,886 $90,007 $331,839 $65,585 $69,632 $70,066 $76,441 $281,724 Revenue previously reported in Other is now reported within Windows OEM and devices and Productivity and server licensing

FY27 Investor Metrics As Reported

2026 Q1 Q2 Q3 Q4 Fiscal Year Azure and other cloud services revenue growth (y/y) 40% / 39% 39% / 38% 40% / 39% 43% 41% / 40% Microsoft 365 commercial cloud revenue growth (y/y) 17% / 15% 17% / 14% 19% / 15% 14% 17% / 14% Microsoft 365 commercial

seat growth (y/y) 6% 6% 6% 6% 6% Dynamics 365 revenue growth (y/y) 18% / 16% 19% / 17% 22% / 17% 13% / 12% 18% / 15% LinkedIn revenue growth (y/y) 10% / 9% 11% / 10% 12% / 9% 12% / 10% 11% / 9% Search advertising revenue (ex TAC) growth (y/y) 16% /

15% 10% / 9% 12% / 9% 10% / 9% 12% / 10% Restated metrics with impact from changes outlined in this presentation LinkedIn was previously reported as a standalone unit in the Productivity and Business Processes segment. LinkedIn Talent Solutions and

Sales Solutions will now be reported in the Industry solutions cloud revenue growth metric. LinkedIn Marketing Solutions and Premium Subscriptions will now be reported in the Search and advertising revenue (ex TAC) growth metric. Quarterly growth

rates include non-GAAP CC growth (GAAP % / CC %). As Restated 2026 Q1 Q2 Q3 Q4 Fiscal Year Azure revenue growth (y/y) 40% / 39% 39% / 38% 40% / 39% 42% 40% Microsoft 365 commercial cloud revenue growth (y/y) 18% / 15% 17% / 15% 20% / 16% 16% / 15%

18% / 15% Microsoft 365 commercial seat growth (y/y) 7% 7% 6% 7% 7% Industry solutions cloud revenue growth (y/y) 11% / 9% 12% / 10% 14% / 10% 11% / 9% 12% / 10% Search and advertising revenue (ex TAC) growth (y/y) 16% / 15% 13% / 12% 14% / 11% 13%

/ 12% 14% / 12%

FY27 Q1 Adjusted Outlook

FY27 Q1 Outlook We will report our

FY27 Q1 results in the structure discussed on the prior slides. Therefore, we have provided mechanical adjustments only to our outlook as provided on July 29, 2026, for the changes discussed in this presentation. As provided on July 29, 2026 Foreign

currency impact Decrease to total revenue growth by less than 1 point, with roughly 1 point in Productivity and Business Processes, less than 1 point in Intelligent Cloud, and no meaningful impact in More Personal Computing No meaningful impact to

COGS or operating expense growth Total Company Revenue of $89.85 to $90.95 billion Productivity and Business Processes Revenue of $36.7 to $37.0 billion Intelligent Cloud Revenue of $40.95 to $41.25 billion More Personal Computing Revenue of $12.2

to $12.7 billion Cost of revenue COGS of $29.6 to $29.8 billion Operating expenses Expenses of $16.8 to $16.9 billion Other income and expense Expected to be roughly $(100) million excluding any impact from our investments in OpenAI Operating margin

Expected to remain relatively flat year-over-year Effective tax rate Approximately 20% Capital expenditures Expected to be over $50 billion including the impact of the useful life update Adjusted Outlook Foreign currency impact Decrease to total

revenue growth by less than 1 point, with roughly 1 point in Agents and Infra, and no meaningful impact in Devices and Consumer No meaningful impact to COGS or operating expense growth Total Company No change to outlook Agents and Infra Revenue of

$75.15 to $75.75 billion Devices and Consumer Revenue of $14.7 to $15.2 billion Cost of revenue No change to outlook Operating expenses No change to outlook Other income and expense No change to outlook Operating margin No change to outlook

Effective tax rate No change to outlook Capital expenditures No change to outlook

FY27 Q1 Outlook Detail As provided

July 29, 2026 Commercial Business Commercial bookings Healthy growth on a growing expiry base when adjusted for OpenAI contracts in the prior year Microsoft Cloud gross margin percentage Relatively stable quarter-over-quarter Productivity and

Business Processes Microsoft 365 Commercial cloud revenue Growth of approximately 15% in constant currency Growth of approximately 16% in constant currency when adjusting for prior-year in-period revenue recognition Microsoft 365 Commercial products

revenue Growth in mid-single digits Microsoft 365 Consumer cloud revenue Growth in the mid-teens LinkedIn revenue Growth in high-single digits Dynamics 365 revenue Growth in low-teens Intelligent Cloud Azure and other cloud services revenue Growth

of approximately 45% in constant currency Server products revenue Decline in low- to mid-single digits More Personal Computing Search advertising revenue (ex TAC) Growth in mid-single digits XBOX revenue Content and services revenue expected to

decline in mid-single digits Hardware revenue should decline year-over-year Windows OEM and Devices revenue Decline in low-twenties Adjusted Outlook Agents and Infra Commercial bookings No change to outlook Microsoft Cloud gross margin percentage No

change to outlook Azure revenue Growth of 44% to 45% in constant currency, with FX expected to decrease revenue by less than 1 point Microsoft 365 commercial cloud revenue Growth of approximately 17% in constant currency Growth of approximately 18%

in constant currency when adjusting for prior-year in-period revenue recognition Microsoft 365 consumer cloud revenue No change to outlook Productivity and server licensing revenue Decline in low-single digits Industry solutions cloud revenue Growth

in high-single digits Devices and Consumer Search and advertising revenue (ex TAC) Growth in mid- to high-single digits XBOX revenue No change to outlook Windows OEM and devices revenue No change to outlook We will report our FY27 Q1 results in the

structure discussed on the prior slides. Therefore, we have provided mechanical adjustments only to our outlook as provided on July 29, 2026, for the changes discussed in this presentation.

GRAPHIC

Filename: g291965ex99_1s10g1.jpg · Sequence: 7

Binary file (17084 bytes)

Download g291965ex99_1s10g1.jpg

GRAPHIC

Filename: g291965ex99_1s11g1.jpg · Sequence: 8

Binary file (94798 bytes)

Download g291965ex99_1s11g1.jpg

GRAPHIC

Filename: g291965ex99_1s12g1.jpg · Sequence: 9

Binary file (82119 bytes)

Download g291965ex99_1s12g1.jpg

GRAPHIC

Filename: g291965ex99_1s13g1.jpg · Sequence: 10

Binary file (144098 bytes)

Download g291965ex99_1s13g1.jpg

GRAPHIC

Filename: g291965ex99_1s14g1.jpg · Sequence: 11

Binary file (19926 bytes)

Download g291965ex99_1s14g1.jpg

GRAPHIC

Filename: g291965ex99_1s15g1.jpg · Sequence: 12

Binary file (110806 bytes)

Download g291965ex99_1s15g1.jpg

GRAPHIC

Filename: g291965ex99_1s16g1.jpg · Sequence: 13

Binary file (139806 bytes)

Download g291965ex99_1s16g1.jpg

GRAPHIC

Filename: g291965ex99_1s17g1.jpg · Sequence: 14

Binary file (148975 bytes)

Download g291965ex99_1s17g1.jpg

GRAPHIC

Filename: g291965ex99_1s18g1.jpg · Sequence: 15

Binary file (99197 bytes)

Download g291965ex99_1s18g1.jpg

GRAPHIC

Filename: g291965ex99_1s19g1.jpg · Sequence: 16

Binary file (19410 bytes)

Download g291965ex99_1s19g1.jpg

GRAPHIC

Filename: g291965ex99_1s1g1.jpg · Sequence: 17

Binary file (26748 bytes)

Download g291965ex99_1s1g1.jpg

GRAPHIC

Filename: g291965ex99_1s20g1.jpg · Sequence: 18

Binary file (107881 bytes)

Download g291965ex99_1s20g1.jpg

GRAPHIC

Filename: g291965ex99_1s21g1.jpg · Sequence: 19

Binary file (118527 bytes)

Download g291965ex99_1s21g1.jpg

GRAPHIC

Filename: g291965ex99_1s22g1.jpg · Sequence: 20

Binary file (17453 bytes)

Download g291965ex99_1s22g1.jpg

GRAPHIC

Filename: g291965ex99_1s2g1.jpg · Sequence: 21

Binary file (66334 bytes)

Download g291965ex99_1s2g1.jpg

GRAPHIC

Filename: g291965ex99_1s3g1.jpg · Sequence: 22

Binary file (38419 bytes)

Download g291965ex99_1s3g1.jpg

GRAPHIC

Filename: g291965ex99_1s4g1.jpg · Sequence: 23

Binary file (100287 bytes)

Download g291965ex99_1s4g1.jpg

GRAPHIC

Filename: g291965ex99_1s5g1.jpg · Sequence: 24

Binary file (129669 bytes)

Download g291965ex99_1s5g1.jpg

GRAPHIC

Filename: g291965ex99_1s6g1.jpg · Sequence: 25

Binary file (17714 bytes)

Download g291965ex99_1s6g1.jpg

GRAPHIC

Filename: g291965ex99_1s7g1.jpg · Sequence: 26

Binary file (169424 bytes)

Download g291965ex99_1s7g1.jpg

GRAPHIC

Filename: g291965ex99_1s8g1.jpg · Sequence: 27

Binary file (56058 bytes)

Download g291965ex99_1s8g1.jpg

GRAPHIC

Filename: g291965ex99_1s9g1.jpg · Sequence: 28

Binary file (84070 bytes)

Download g291965ex99_1s9g1.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 30

v3.26.1

Document and Entity Information

Sep. 02, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Sep. 02, 2026

Entity Registrant Name

Microsoft Corporation

Entity Incorporation State Country Code

Entity File Number

001-37845

Entity Tax Identification Number

91-1144442

Entity Address Address Line 1

One Microsoft Way

Entity Address City Or Town

Redmond

Entity Address State Or Province

Entity Address Postal Zip Code

98052-6399

City Area Code

425

Local Phone Number

882-8080

Written Communications

false

Soliciting Material

false

Pre Commencement Tender Offer

false

Pre Commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

0000789019

Amendment Flag

false

Common stock, $0.00000625 par value per share [Member]

Entity Information [Line Items]

Security 12b Title

Common stock, $0.00000625 par value per share

Trading Symbol

MSFT

Security Exchange Name

NASDAQ

3.125% Notes Due 2028 [Member]

Entity Information [Line Items]

Security 12b Title

3.125% Notes due 2028

Trading Symbol

MSFT

Security Exchange Name

NASDAQ

2.625% Notes Due 2033 [Member]

Entity Information [Line Items]

Security 12b Title

2.625% Notes due 2033

Trading Symbol

MSFT

Security Exchange Name

NASDAQ

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_EntityInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=msft_NotesTwoPointOneTwoFivePercentDueDecemberSixTwentyTwentyOneMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=msft_NotesThreePointOneTwoFivePercentDueDecemberSixTwentyTwentyEightMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=msft_NotesTwoPointSixTwoFivePercentDueMayTwoTwentyThirtyThreeMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: