Microsoft shares edged higher after the company reported better-than-expected results across all key metrics, with Azure growth accelerating. Revenue for the quarter ended in September rose about 19% year over year to $92.28 billion, above the LSEG consensus of $90.69 billion, while adjusted EPS of $4.92 rose 32%, beating the $4.73 consensus. Azure revenue grew 48% to $33.17 billion from $22.38 billion a year earlier, ahead of FactSet estimates of about 44% and 45%. Capital expenditures of $45.2 billion came in below the $51 billion analysts had forecast and the $50 billion projected by management, partly due to delays in third-party capacity deliveries. The stock has gained roughly 51% from its late-June low through Wednesday's close and was up about 3% after hours.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Microsoft’s strong quarter backs up its stock rebound. Here's our new price target
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MSFTearningscloud computingartificial intelligence
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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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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