Microsoft earnings preview: buyouts for 60,000 staff and record AI capex

Microsoft reports first-quarter fiscal 2027 results Wednesday, its first under a new two-segment structure. Analysts expect revenue of $90.75 billion (+17%) and EPS of $4.72, with Azure growth near 46%. The report follows a voluntary buyout offer to about 60,000 employees.

• Revenue expected at $90.75 billion, EPS at $4.72
• Agents and Infra segment forecast at $75.15–75.75 billion (+22–23%)
• Azure projected to grow 44–45% to roughly $32 billion
• Capital spending to top $50 billion for the quarter, a record