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AI brief of an SEC Form 8-K · Microsoft (MSFT)

Microsoft Q2 revenue rises 17% to $81.3 billion; GAAP EPS up 60% to $5.16

Positive Impact 3 of 5 earnings Written later

Microsoft reported results for the quarter ended December 31, 2025, with revenue of $81.3 billion, up 17%, and operating income of $38.3 billion, up 21%. GAAP net income was boosted by $7.6 billion of net gains from OpenAI investments, so non-GAAP diluted EPS of $4.14, up 24%, excludes that effect and is the better gauge of core operations for shareholders.

Key points

  • Revenue $81.3 billion, up 17%; Microsoft Cloud revenue $51.5 billion, up 26%
  • Azure and other cloud services revenue up 39%; commercial remaining performance obligation up 110% to $625 billion
  • GAAP diluted EPS $5.16, up 60%; non-GAAP diluted EPS $4.14, up 24%, excluding OpenAI investment gains
  • Shareholder returns of $12.7 billion in dividends and buybacks, up 32% from a year earlier

The filing

CompanyMicrosoft (MSFT)
Form8-K, current report
Filed with the SECJan 28, 2026, 4:04 PM ET
Accession number0001193125-26-027198

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.