Stock Markets September 2, 2026 04:36 PM

Microsoft to Begin Reporting Azure Revenue Quarterly, Reorganizes Reporting Segments

Company will fold cloud, AI software and traditional business software into a single reporting unit as it aligns reporting with major cloud rivals

By Jordan Park
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Microsoft announced it will start disclosing quarterly sales figures for its Azure cloud computing business and reorganize its reporting structure from three segments into two. The change groups cloud services, AI-based software and traditional business software into a new "Agents and Infra" segment, while Windows, Xbox and advertising will be combined into "Devices and Consumer." The company framed the move as a response to the shifting business landscape driven by AI.

Microsoft to Begin Reporting Azure Revenue Quarterly, Reorganizes Reporting Segments
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Key Points

  • Microsoft will report Azure sales on a quarterly basis, enabling direct sales comparison with Amazon and Google.
  • The company will move from three reporting segments to two: "Agents and Infra" and "Devices and Consumer."
  • "Agents and Infra" will include cloud services, AI-based software sales and traditional business software; "Devices and Consumer" will include Windows, Xbox and advertising across Bing and LinkedIn.

Microsoft said on Wednesday it will begin reporting sales from its Azure cloud computing unit on a quarterly basis, enabling a direct sales comparison with major competitors Amazon.com and Alphabet’s Google as the three companies vie for market share in a rapidly expanding AI data center market.

Until now, Microsoft published a frequently watched growth rate for Azure but did not provide explicit sales figures for the unit. The company also announced it will consolidate its current three reporting segments into two. The first, named "Agents and Infra," will encompass cloud computing services, revenue from AI-based software and receipts from more traditional business software. The second new segment, "Devices and Consumer," will cover the Windows operating system, the Xbox gaming division and advertising revenue generated across its Bing search engine and the LinkedIn professional network.

"There’s no question AI represents a profound shift in both technology and business," Microsoft CEO Satya Nadella said in a statement accompanying the change. "It is changing what we build and how we operate, and it is blurring the boundaries between our products and reshaping our business models."

The company is an important cloud provider to OpenAI. The article states OpenAI exclusively used Microsoft for training its models until modifications to the terms of its deal permitted the company to work with Amazon Web Services and other providers.

For context on the competitive cloud landscape provided in the announcement, Amazon Web Services reported $128.7 billion in sales in calendar 2025, a figure Microsoft cited as part of the broader market reference.

The shift in reporting aims to align Microsoft’s public financial disclosures more closely with how the cloud and AI markets are structured, while offering investors clearer visibility into Azure’s revenue scale by presenting it as a standalone sales figure each quarter.


Sectors affected: technology, cloud infrastructure, enterprise software and digital advertising.

Risks

  • The reorganization could change how investors interpret Microsoft's revenue mix and growth drivers, affecting valuations in the technology and cloud infrastructure sectors.
  • Shifts in partner arrangements noted in the announcement - such as OpenAI's ability to work with other cloud providers - create uncertainty in competitive dynamics for cloud providers.
  • Comparability across reporting periods may be limited during the transition to the new segment structure, which could complicate short-term financial analysis in enterprise software and cloud markets.

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