Microsoft reported quarterly revenue of $92.3 billion, up 19% year over year, and profit of $36.6 billion, both exceeding analysts’ expectations. Revenue from its Azure cloud division grew 48%, while quarterly capital expenditures reached $45.2 billion as the company works toward approximately $175 billion in annual spending in 2026. Microsoft now counts 30 million paid Copilot subscribers, up from 20 million a quarter earlier, while Anthropic has committed to spending at least $44.9 billion on Microsoft computing capacity through May 2033. At the same time, the company offered buyouts to roughly 60,000 employees, or 27% of its workforce, while Xbox revenue fell 2% and hardware revenue dropped 14%.
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