Microsoft reported first-quarter earnings of $4.89 per share on revenue of $92.28 billion, above Bloomberg consensus estimates of $4.73 and $90.63 billion, though the stock fell more than 1% after the bell. Azure revenue grew 48% year over year to $33.17 billion, which analysts highlighted as the strongest part of the report. TD Cowen raised its fiscal 2027 Azure growth estimate to 48% from 43% and its price target to $650 from $625, while Cantor lifted its target to $630 from $608 and Citizens raised its target to $625 from $550. Citizens also noted that consumer business revenue fell 3%, while BofA reaffirmed its rating and raised its price target to $630 from $600.
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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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