$MSFT Q1 FY27: Clean beat across the board. Azure hits +48% YoY. ​Revenue: $92.3B (Est. $90.69B) | +19% YoY 🟢 ​Adj. EPS: $4.89 (Est. $4.73) | +18% YoY 🟢 ​Operating Income: $45.9B (Est. $44.06B) | +21% YoY 🟢 ​Azure: $33.2B (Est. $32.32B) | +48% YoY vs. +45.2% est. 🟢 ​Agents & Infra: $76.8B (Est. $75.6B) | $40.6B OpInc 🟢 ​Devices & Consumer: $15.5B (Est. $15.0B) | $5.4B OpInc 🟢 ​Cash CapEx: $39.4B (Est. $46.59B) 🟢 ​Commercial RPO: $677B (Est. $705.6B) Azure at $33.2B (+48% YoY) is now on a $132.8B annualized run rate, accelerating from 43% last quarter. Combine that with cash CapEx coming in $7.2B below Street estimates and a near-50% company-wide operating margin, and it’s clear why the stock is ripping past its $551 52-week high after hours.