Microsoft has reorganized its business segments and recast three years of historical financial information to match the way management now reviews the company’s performance. The new structure takes effect in fiscal 2027 and creates an Agents and Infra segment alongside a Devices and Consumer segment.
The changes affect how Microsoft’s results are grouped and compared across segments, not the company’s previously issued consolidated financial statements. They do not represent a restatement of those statements or an update for developments since the company’s fiscal 2026 annual results.
Key details
- Agents and Infra brings together Microsoft’s applications and agents, its multi-model system, and Azure infrastructure.
- Devices and Consumer includes the company’s key consumer offerings.
- The new segments reflect the information Microsoft’s chief operating decision-maker reviews to allocate resources and assess performance beginning in fiscal 2027.
- Microsoft has recast information for the three fiscal years ended June 30, 2026, so investors can view prior periods under the new segment structure.
- The updated material revises relevant business descriptions, management discussion and analysis, and financial statement and supplementary-data information from the fiscal 2026 annual report.
- The recast is for informational and comparison purposes. It does not amend or restate Microsoft’s audited consolidated financial statements.
- The revised historical presentation does not incorporate events after the fiscal 2026 annual report was issued. Microsoft points readers to its report for the quarter ended September 30, 2026, for later developments.
What changes for investors: Microsoft’s historical segment figures should be read using the new groupings when assessing performance across periods. The change is a reporting presentation adjustment; the announcement does not describe a change to the company’s overall consolidated results.