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Microsoft (MSFT) just made a major change that could give investors a much clearer view of where its growth is coming from, particularly as artificial intelligence (AI) reshapes its business. Earlier this month, the company announced plans to overhaul how it reports its business segments ahead of its first-quarter fiscal 2027 earnings results in October.
Microsoft previously reported revenue across three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Starting with Q1 2027, however, these three segments will be condensed into just two: Agents and Infra, and Devices and Consumer. Agents and Infra will include Microsoft 365, GitHub, productivity and server licensing, industry solutions, frontier and support services, and Azure. Meanwhile, Devices and Consumer will include search, advertising, Xbox, and Windows OEM and devices. But the bigger takeaway for investors is what Microsoft plans to disclose within the segments.
