EARNINGS & CATALYSTS · October 22, 2026

Microsoft (MSFT) Earnings October 28, 2026: Date, Estimates and AI Catalysts

Microsoft reports fiscal Q1 2027 results after the close on October 28. Review the dated estimates, Azure and Copilot context, recently reported enterprise-technology peers and risks ahead of the announcement.

By Stocks To Buy Now AI Research · Published October 22, 2026

Aerial view of Microsoft’s West Campus in Redmond, Washington — Microsoft’s West Campus in Redmond, Washington, photographed in August 2009. Photo: Jelson25 / Wikimedia Commons · Public domain · Wikimedia-supplied thumbnail; displayed with a responsive crop.

Financials

Technicals

Earnings & peers

Earnings calendar snapshot · dates in New York time
Company	Report date	Window	EPS estimate	Revenue estimate
Microsoft Corporation (MSFT)	October 28, 2026Issuer confirmed	After close	4.71	90.62B

When is Microsoft’s next earnings report?

Microsoft has confirmed that fiscal Q1 2027 results will be released after the US market closes on October 28, 2026. The earnings webcast begins at 2:30 p.m. Pacific, or 5:30 p.m. Eastern. This is the quarter ending September 2026. The release and webcast are separate events, so the first price reaction can occur before management speaks.

What are the earnings expectations?

The saved earnings-calendar feed, updated October 22 at 16:35 UTC, lists an EPS estimate of $4.71 and revenue of $90.62 billion. These are vendor-supplied estimates, not company guidance or reported results. The feed does not identify an EPS accounting basis, so a like-for-like beat or miss requires checking the reported GAAP and adjusted definitions when the release arrives.

The latest completed quarter sets the context

For the quarter ended June 30, Microsoft reported $90.0 billion in revenue, 18% above the prior year, with Azure and other cloud-services revenue growth of 43%. Microsoft Cloud revenue was $59.3 billion. These are historical Q4 fiscal 2026 figures, not predictions for the October report; the September quarter has a different seasonal and comparison base.

How the business makes money

Microsoft earns revenue from business productivity subscriptions such as Microsoft 365, cloud infrastructure and services through Azure, enterprise software and support, and consumer products including Windows, gaming and search advertising. Recurring subscriptions and cloud consumption differ from hardware and transactional sales, so segment mix matters alongside the total revenue headline.

What to watch

Research priorities for the report include Azure growth, whether new capacity translates into revenue, paid Copilot adoption and the balance between AI demand and infrastructure spending. Management’s July discussion described rapid data-center expansion. These are factors to assess, not evidence that the forthcoming numbers will beat expectations. Guidance and cash flow can change the interpretation of an earnings headline.

Recently reported peers

IBM released third-quarter results on October 21: revenue increased 5%, software revenue rose 8% and consulting revenue was flat on a reported basis. IBM’s mix of software, consulting and infrastructure is different from Microsoft’s. Its report adds context on enterprise technology budgets but cannot establish Azure demand or Microsoft’s earnings outcome; IBM’s reported growth rates should not be treated as Microsoft estimates.

Risks into the report

The main research risks are weaker-than-expected cloud consumption, slower conversion of AI adoption into paid revenue, and infrastructure costs rising before the associated revenue arrives. Currency movements, segment mix and investment-related items can also complicate comparisons. In the prior quarter Microsoft reported different GAAP and adjusted EPS figures, so the accounting basis must be checked before drawing conclusions about valuation or a surprise.

AI-assisted research. Earnings dates and estimates may change. Estimates are not reported results. Educational information; investing involves risk.

Research references and verification

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MSFT · company research →

MSFT stock financials and earnings research

EARNINGS & COMPANY RESEARCH

MSFT earnings, valuation & price action

View in calendar ↗

NEXT EXPECTED REPORTOct 28 2026After close · ET

EPS ESTIMATE4.71

REVENUE ESTIMATE90.62B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Technology

Microsoft Corporation MSFT

Software - Infrastructure · Updated 10/20/2026

Adjusted closing price · USD533.52 Oct 19

Price50-day average200-day average+5.1% in view

VALUATION & EXPECTATIONS

Trailing P/E30.1×

Forward P/E27.0×

Trailing P/S12.1×

Forward P/S10.3×

EPS beat rate100%

Revenue beat rate100%

Positive window38%

EPS beats: 8 of 8 comparable reports. Positive price windows: 3 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2027-06-30, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average506.06

200-day average434.29

RSI (14)60

20-day range497.93 – 543.45

Relative volume0.8×

1-year change+5.1%

Last eight reported earnings for MSFT
Report date	EPS estimate	EPS actual	Surprise	Result	Revenue actual	Price window*	5 sessions*
Jul 29 2026	4.24	4.74	+11.8%	Beat	90.01B	+14.7%	+23.9%
Apr 29 2026	4.06	4.27	+5.2%	Beat	82.89B	-5.0%	-3.6%
Jan 28 2026	3.90	4.14	+6.2%	Beat	81.27B	-9.8%	-13.8%
Oct 29 2025	3.67	4.13	+12.5%	Beat	77.67B	-3.0%	-6.4%
Jul 30 2025	3.37	3.65	+8.3%	Beat	76.44B	+4.1%	+2.4%
Apr 30 2025	3.22	3.46	+7.5%	Beat	70.07B	+8.0%	+10.0%
Jan 29 2025	3.15	3.23	+2.5%	Beat	69.63B	-7.2%	-7.6%
Oct 30 2024	3.10	3.30	+6.5%	Beat	65.59B	-5.9%	-2.7%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

MSFT earnings previews and market catalysts

Microsoft (MSFT) Earnings October 28, 2026: Date, Estimates and AI Catalysts
2026-10-22 · Microsoft reports fiscal Q1 2027 results after the close on October 28. Review the dated estimates, Azure and Copilot context, recently reported enterprise-technology peers and risks ahead of the announcement.

All upcoming earnings catalysts →

02 / FINANCIALS

Microsoft Corporation financials

Revenue, earnings, cash flow and financial strength in one view.

Financial statements: 2025-12-31 · Reporting currency unconfirmed.

Financial history

MSFT Revenue · reported periods (currency unconfirmed) · Latest: 81.27B · Scale: 41.71B to 81.27B (zoomed)

Revenue81.27B

Net income38.46B

Gross profit55.3B

Operating income38.28B

EBITDA

Operating cash flow

Capital expenditure

Cash

Total assets665.3B

Total liabilities

Shareholder equity

Total debt

Net profit margin+47.3%

Gross margin+68.0%

Short interest: days to cover3.732026-09-15

How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Microsoft Corporation event catalysts

Company earnings and scheduled market events that may change expectations.

2026-10-28

MSFT earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑

2026-10-228:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled

2026-10-2310:00 AM ET

Consumer sentiment · final

Watch changes in inflation expectations as well as sentiment.

Release schedule ↗Scheduled

2026-10-278:30 AM ET

Durable goods orders

Read core capital-goods orders alongside the headline; aircraft orders can create large swings.

Release schedule ↗Scheduled

2026-10-2710:00 AM ET

New home sales

Watch demand, inventories and revisions when assessing homebuilders and rate-sensitive sectors.

Release schedule ↗Scheduled

2026-10-282:00 PM ET

FOMC rate decision

Watch the statement and rate outlook; the first market reaction can reverse during the press conference.

Release schedule ↗Scheduled

2026-10-282:30 PM ET

Fed chair press conference

Listen for changes in the outlook for inflation, employment and future policy.

Release schedule ↗Scheduled

2026-10-298:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled

2026-10-298:30 AM ET

PCE inflation & consumer spending

Compare core PCE and real spending with expectations to assess inflation alongside demand.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare MSFT with its peers

Software - Infrastructure · Compare valuation, financial strength and price performance.

Companies with valuation data7

Peer median positive P/E17.4×

MSFT P/E30.1×

MSFT peer comparison: valuation
Company	Price	Market cap	P/E	Forward P/E	P/S	Forward P/S
MSFTMicrosoft Corporation2026-10-19 · USD	533.52	4.02T	30.1×	27.0×	12.1×	10.3×
ACNAccenture plc2026-10-20 · USD	239.12	146.33B	17.5×	16.3×	2.0×	1.9×
ADBEAdobe Inc.2026-10-19 · USD	247.09	97.71B	14.0×	10.1×	3.8×	3.7×
AMZNAmazon.com, Inc.2026-10-19 · USD	262.45	2.79T	20.6×	20.5×	3.6×	3.4×
CRMSalesforce, Inc.2026-10-20 · USD	242.43	199.52B	22.0×	14.5×	4.5×	4.3×
CTSHCognizant Technology Solutions Corporation2026-10-20 · USD	68.18	30.71B	14.6×	11.8×	1.4×	1.4×
GOOGAlphabet Inc.2026-10-19 · USD	340.16	4.24T	17.3×	16.5×	9.5×	8.5×

MSFT30.1×

ACN17.5×

ADBE14.0×

AMZN20.6×

CRM22.0×

CTSH14.6×

GOOG17.3×

The peer median excludes the selected stock and is based on 6 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore MSFT alongside its peers

Software - Infrastructure · 42 companies · Cached market data

Comparison

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1Y earnings per share change

MSFTMicrosoft Corporation

1Y price change: +4.7%
1Y earnings per share change: +29.9%

Price observations: 2025-10-17 to 2026-10-19
Financial observations: 2025-07-30 to 2026-07-29

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2 of 42 companies have both plotted values.

P/E distribution

Trailing price-to-earnings multiples · 2 companies

Median P/E94.7×

Middle 50%62.4× to 127.1×

MSFT P/E30.1×

MSFT

27.1×167.4×

Tap a bar to see the companies in that P/E range. MSFT has a higher P/E than 0% of this group.

40 companies excluded from P/E statistics because earnings are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 42 matching companies · Largest market cap first

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Market cap 4.02TP/E 30.1×P/S 12.1×Forward P/E Forward P/S Price snapshot: 2026-10-19 · Financials: 2025-12-31
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Market cap 461.17BP/E 159.4×P/S 74.9×Forward P/E Forward P/S Price snapshot: 2026-10-19
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Market cap 408.59BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 282.91BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 206.24BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 119.75BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 100.36BP/E P/S Forward P/E Forward P/S Catalog snapshot
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Market cap 75.07BP/E P/S Forward P/E Forward P/S Catalog snapshot
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U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including MSFT, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.