Microsoft will report fiscal first-quarter earnings after the bell on Wednesday, following an offer of buyouts to more than 60,000 eligible employees. Wall Street expects earnings per share of $4.27 on revenue of $90.6 billion, up from $4.13 and $77.6 billion a year earlier, according to Bloomberg consensus. This is the first report under Microsoft's new two-segment structure: Agents and Infra, expected to grow 22.5% to $75.6 billion (with Azure at $32.2 billion and Microsoft 365 at $27.4 billion), and Devices and Consumer, projected to fall 6% to $15 billion. Capital expenditures including leases are expected to exceed $45.9 billion, versus $19.3 billion a year earlier, while remaining performance obligations are forecast at $705.6 billion, up 77% from $389 billion. The stock has climbed about 35% since July, following its Q4 earnings report.
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MSFTearningscloud computingartificial intelligence
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Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/26/2026 | 532.75 |
| Change that session | +1.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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