MSFT Earnings October 2026
October 28 @ 12:00 pm - 1:00 pm
MSFT Earnings October 2026
Next MSFT Quarterly Earnings: Wednesday, at 12:00 pm ET (4:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.
- Consensus
- $4.82 EPS, $92.46 billion revenue
- Prior
- $90.0 billion revenue, $4.74 adjuste…
- Actual
- Pending
Updated
Microsoft is expected to report its fiscal first-quarter 2027 earnings on Wednesday, October 28, 2026, with results due after markets close, typically followed by a call at around 12:00 pm ET (4:00 pm London) the next trading session or, in some quarters, the same evening at 5:30 pm ET. This is one of the most closely watched earnings reports in the world because Microsoft is a bellwether for cloud computing, enterprise software and artificial intelligence spending, and its results move not just the stock but broader technology indices in the US, Europe and Asia. Full schedule and background: MSFT earnings dates.
What is the Microsoft Q1 FY2027 earnings report?
This release covers Microsoft’s first fiscal quarter of its 2027 financial year, spanning July to September 2026. Microsoft’s fiscal year runs from July to June, so this is the first of four quarterly reports investors will see over the coming twelve months. The report is issued by Microsoft’s investor relations team and covers three main reporting segments: Productivity and Business Processes (Office, LinkedIn, Dynamics), Intelligent Cloud (Azure and server products), and More Personal Computing (Windows, devices, gaming and search advertising). Company executives, usually chief executive Satya Nadella and chief financial officer Amy Hood, host a live conference call and answer analyst questions shortly after the numbers are published.
When is the report and how to follow it
Microsoft has not yet formally confirmed the date on its investor relations calendar. The October 28, 2026 date used here follows the company’s usual pattern of reporting its fiscal first quarter in the last week of October, roughly the same week each year. Investors should treat this date as an estimate until Microsoft publishes an official notice, typically two to three weeks beforehand. The results and a live audio webcast are normally published on Microsoft’s investor relations website, alongside a press release and slide deck. Financial news services including Reuters, Bloomberg and CNBC provide live coverage, and the earnings call transcript is usually available within hours on the investor relations site.
What to expect
A consensus estimate compiled by ChartMill from 42 Wall Street analysts points to earnings per share of $4.82 and revenue of $92.46 billion for the quarter, according to ChartMill. That would represent year-on-year revenue growth of around 19%, driven largely by continued expansion in Azure and other cloud services. Analysts will focus closely on Azure growth rates, capital expenditure tied to AI data centre build-out (which reached around $41 billion in the prior quarter and is expected to exceed $50 billion in this one, according to Investing.com), and adoption metrics for Microsoft 365 Copilot and GitHub Copilot. Guidance for the December quarter, particularly around cloud margins and AI infrastructure spending, is likely to matter to investors as much as the headline numbers, since heavy capital spending has weighed on operating margins in recent quarters.
Microsoft’s most recent quarterly result, for fiscal Q4 2026 reported on July 29, 2026, showed revenue of $90.0 billion and adjusted earnings per share of $4.74, comfortably ahead of the analyst estimate of $4.24, according to Investing.com. A full four-quarter revenue and EPS history sourced directly from Microsoft’s investor relations filings is not yet independently verifiable for every quarter at the time of writing, so it has been omitted here rather than estimated.
What the outcome could mean
| Scenario | Likely market read | Plain-English meaning |
|---|---|---|
| Beat on both revenue and EPS, with strong Azure growth | Shares likely to rise, technology and AI-linked stocks may follow | Cloud and AI demand remains strong, supporting confidence in the broader technology sector |
| In line with consensus, but cautious guidance on spending or margins | Mixed or muted share reaction, possible volatility around the call | Business is steady but investors want more clarity on how AI investment affects future profit |
| Miss on revenue or EPS, or weaker than expected Azure growth | Shares likely to fall, pressure may spread to other AI and cloud-linked names | Signs that enterprise spending on cloud and AI services is slowing, a concern for the wider tech rally |
What It Means for Your Money
Microsoft is one of the largest companies in the world by market value, so its share price movements can influence pension funds, index trackers and workplace pension schemes even for people who have never bought a share directly. Many default pension funds and popular index funds, such as those tracking the S&P 500, hold a significant weighting in Microsoft, so a sharp move in its share price after earnings can nudge the value of retirement savings up or down slightly. A strong or weak result can also ripple through to other technology and AI-related shares in the US, Europe and Asia, since Microsoft’s cloud spending affects suppliers of chips, data centre equipment and cooling systems worldwide. For everyday consumers, the report itself does not change mortgage rates, savings rates or the price of goods, but persistent strength in US technology earnings has in the past supported the dollar, which can make imports slightly more expensive for UK and eurozone households when converted from dollar-priced goods. Investors holding US technology funds or exchange-traded funds may see more volatility around the results date than on an average trading day.
Related events
- Microsoft’s fiscal Q4 2026 earnings, reported July 29, 2026: MSFT earnings July 2026
- Other major technology earnings reported in the same week, including Alphabet, Amazon and Meta
- The Federal Reserve’s interest rate decision, which often falls in the same week and can add to market volatility around tech earnings
Frequently Asked Questions
When exactly will Microsoft report Q1 FY2027 earnings?
The estimated date is Wednesday, October 28, 2026, but Microsoft has not yet confirmed this on its investor relations calendar, so the date could shift by a day or two.
What time will the earnings call take place?
Results are typically released after market close, with the earnings call usually held around 5:30 pm ET (10:30 pm London) on the reporting day, or sometimes at 12:00 pm ET the following session, depending on Microsoft’s final scheduling.
What is the consensus forecast for this quarter?
According to ChartMill, the consensus among 42 analysts is earnings per share of $4.82 and revenue of $92.46 billion, though this figure can change as more analysts update their estimates closer to the release.
How did Microsoft perform last quarter?
In fiscal Q4 2026, reported on July 29, 2026, Microsoft posted revenue of $90.0 billion and adjusted earnings per share of $4.74, beating the analyst estimate of $4.24.
Why does Microsoft’s earnings report matter to non-investors?
Because Microsoft is heavily weighted in many pension funds and index trackers, and its results are seen as a signal for broader trends in cloud computing and AI spending that can affect jobs, technology investment and market sentiment well beyond its own shareholders.