Microsoft reported first-quarter revenue of $92.28 billion, up 19% and above the $90.61 billion Wall Street estimate, while adjusted EPS of $4.89 beat the $4.72 expected, with Azure revenue up 48%. Microsoft Cloud revenue rose 30% to $63.9 billion, while Devices and Consumer revenue fell 3%, and the company expects second-quarter revenue of $96–97.1 billion. Capex of $45.2 billion came in below the company's target of around $50 billion due to delays in expanding data center capacity, yet Bernstein SocGen raised its price target to $722 from $662 and kept an 'Outperform' rating. Piper Sandler and Morgan Stanley raised their targets, Deutsche Bank kept its 'Buy' rating, and MSFT shares have gained more than 12% so far in 2026.
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Related tickers and likely impact
MSFT
▲ Likely positiveMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/28/2026 | 531.01 |
| Change that session | -0.06% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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