This presentation from Microsoft outlines the company's First Quarter Fiscal Year 2026 Results, detailing financial and operational performance for the period ending September 30, 2025. The presentation begins with a disclaimer regarding forward-looking statements, followed by an agenda covering financial, commercial, and segment highlights. Detailed financial summaries are provided, including key metrics such as revenue, gross margin, operating income, and diluted earnings per share, with comparisons between GAAP and adjusted non-GAAP results. The document also includes specific highlights for the three main segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing, examining revenue and operating income trends for each. Finally, the appendix offers reconciliations of GAAP and non-GAAP financial measures, including the impact of investments in OpenAI and constant currency adjustments.