What happened
Microsoft revealed in a filing with the U.S. Securities and Exchange Commission on September 2 that it will change its reportable business segments and investor metrics.
Starting with fiscal year 2027, the company will manage operations and disclose performance under a new structure featuring two reportable segments: “Agents and Infrastructure” and “Devices and Consumer.”
Why it matters
The move signals a strategic realignment of how Microsoft presents its business to investors, grouping products and services around agent-based computing and infrastructure rather than traditional divisions.
Consolidating into just two segments could simplify financial reporting but may also reduce transparency into the performance of specific product lines.
Key facts
Microsoft disclosed the planned restructuring in a filing with the SEC on September 2.
The new reporting architecture takes effect in fiscal year 2027.
The two new reportable segments are named “Agents and Infra” and “Devices and Consumer.”
What to watch next
Investors will be watching for how Microsoft maps existing product families into these two new segments when it first reports under the structure.
Further details may emerge in future SEC filings or investor communications before the fiscal 2027 reporting begins.