Microsoft beat Wall Street estimates in its report on October 28, 2026, with revenue of $92.28 billion (up 18.8%) against an estimate of $90.75 billion and non-GAAP EPS of $4.89 versus $4.72 expected. Azure grew 48%, and commercial remaining performance obligations reached $677 billion, up 73%. Even so, shares at $523.71 are 2.59% below a year ago, after quarterly capex of $45.2 billion came in below expectations and AI infrastructure stocks, including CoreWeave, fell. The company guided second-quarter revenue to $96–97.1 billion and Azure growth to 49–50% in constant currency. The 24/7 Wall St. price target of $630.31 implies 20.35% upside over 12 months, with a buy rating.
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MSFTcloud computingartificial intelligenceearnings
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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 10/30/2026 | 521.90 |
| Change that session | -1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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