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Microsoft has unveiled its financial results for the first quarter of the 2026 fiscal year, showing a significant $3.1 billion decline in net profit, attributed to the recognition of investment losses in OpenAI. This resulted in a $0.41 drop in diluted earnings per share, marking a staggering 492.7% surge in losses compared to the same period last year.
As of the reporting period, Microsoft has invested a total of $11.6 billion and now holds a 27% stake in OpenAI's public benefit corporation. The fully diluted valuation of the company is estimated to be around $135 billion.
Under the updated agreement, Microsoft will serve as the exclusive cloud service provider for OpenAI's API products. Additionally, the period during which Microsoft is authorized to own the intellectual property has been extended to 2032.
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