Microsoft reported fiscal first-quarter revenue of $92.28 billion, up 19% and above the $90.62 billion consensus, with adjusted EPS of $4.89. Azure revenue grew 48%, beating expectations of about 45%, and commercial remaining performance obligations rose 73% to $677 billion. For the next quarter, the company expects Azure growth of 49% to 50% in constant currency, versus the roughly 46% Wall Street forecast. Analyst Dan Ives maintained an Outperform rating and a $615 price target, calling Microsoft a “barometer” for enterprise AI spending. Capex is expected to be about $170 billion for calendar 2026, and investors will watch whether returns justify that scale.
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Related tickers and likely impact
MSFT
▲ Likely positiveMicrosoft
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 530.83 |
| Change that session | -0.09% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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