MSFT · 10-K · 2026A · Full report
OpenAI Strategic Partnership
MICROSOFT CORP · 2026-07-29 · Importance 53 · Surprise 60 · In source text
Microsoft extended its long-term strategic partnership with OpenAI in October 2025 and April 2026. Microsoft remains a major OpenAI investor, retains rights to OpenAI intellectual property including models and infrastructure, and will continue receiving revenue-sharing payments. Fiscal 2026 included $6.5 billion of net gains from OpenAI investments, primarily from the OpenAI Recapitalization dilution gain, compared with $4.8 billion of net losses in fiscal 2025. The OpenAI investment gain increased fiscal 2026 net income by $5.0 billion and diluted EPS by $0.67.
Key facts
- Microsoft extended its long-term strategic partnership with OpenAI in October 2025 and April 2026 and will continue to receive revenue-sharing payments and holds rights to OpenAI’s intellectual property for integration into products. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | Microsoft extended its long-term strategic partnership with OpenAI in October 2025 and April 2026 and will continue to receive… |