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DTSTART;TZID=America/New_York:20260728T120000
DTEND;TZID=America/New_York:20260728T130000
DTSTAMP:20260825T104556Z
CREATED:20260726T060000Z
LAST-MODIFIED:20260825T104556Z
UID:1268-1785240000-1785243600@www.financecalendar.com
SUMMARY:Microsoft Q4 FY2026 Earnings: What to Expect on 28 July 2026
DESCRIPTION:MSFT Quarterly Earnings: Revenue $90.0bn (beat ~$89.4bn); EPS $4.74 (beat $4.33); Azure +43% YoY (Tuesday\, July 28\, 2026 at 12:00 pm ET (5:00 pm London)). \n\nActual\nRevenue $90.0bn (beat ~$89.4bn); EPS $4.74 (beat $4.33); Azure +43% YoY\n\nUpdated August 25\, 2026 \n\nMicrosoft reported fourth-quarter fiscal year 2026 results on July 28\, 2026\, after the US market closed\, beating revenue and earnings estimates and sending its shares sharply higher in after-hours trading as Azure cloud growth accelerated beyond expectations. \nThe results close Microsoft’s fiscal year 2026\, a period defined by rapid AI infrastructure investment and the commercial rollout of Copilot across the Microsoft 365 and Azure product suite. Investors will be watching closely for Azure growth figures\, Copilot monetisation progress\, and initial guidance for FY2027. \nWhat Are the Microsoft Q4 FY2026 Earnings?\nMicrosoft’s fiscal year runs July to June\, making Q4 FY2026 the final quarter of the year\, covering April\, May\, and June 2026. The company reports across three main segments: Intelligent Cloud (Azure\, server products\, GitHub Enterprise)\, Productivity and Business Processes (Microsoft 365\, Teams\, LinkedIn\, Dynamics)\, and More Personal Computing (Windows\, Surface\, Xbox\, Bing). \nAzure\, the company’s cloud computing platform\, has been the primary growth driver for several consecutive years. Enterprise migration to cloud infrastructure and demand for AI compute workloads sustained Azure growth rates above 29% year-on-year throughout FY2025. The Q4 FY2026 report will show how that rate has evolved as AI deployment has scaled from experimentation into production. \nMicrosoft’s partnership with OpenAI has given Azure a direct pipeline of AI workloads. Beyond the OpenAI relationship\, enterprises building their own AI applications using GPU compute\, Azure OpenAI Service\, and Azure AI Foundry represent a growing share of cloud demand. These workloads tend to carry higher margins than traditional cloud migration\, making their growth rate a key signal for profitability trends. \nRelease Date and How to Follow\nMicrosoft will publish its Q4 FY2026 results after the US market closes on Tuesday 28 July 2026. The press release will be available on the Microsoft Investor Relations website. A conference call with CEO Satya Nadella and CFO Amy Hood typically begins at approximately 5:30pm ET on the same evening and is available via live webcast on the IR site. \nFull segment breakdowns\, including Intelligent Cloud revenue and Azure growth disclosures\, are contained in the earnings press release and supplementary financial tables released at market close. Major financial press carries results in real time. \nWhy These Results Matter\nMicrosoft is among the world’s largest companies by market capitalisation. Its quarterly results influence sentiment across the technology sector\, enterprise software\, and the broader AI infrastructure supply chain\, including chip makers\, data centre operators\, and networking equipment suppliers. \nThese results will provide the most current public read on whether Microsoft’s Copilot AI products are generating commercial returns at scale. Copilot is priced at a significant premium above standard Microsoft 365 licences. Concrete data on seat counts\, AI commercial customer numbers\, or AI-attributable revenue will be interpreted as evidence for or against the AI monetisation thesis that underpins much of the company’s current valuation. \nCapital expenditure commitments are a second major focus. Microsoft has been investing heavily in global datacentre capacity to support Azure AI workloads. Any revision to FY2027 capex plans will be read as a forward indicator of management’s confidence in Azure demand growth. The scale of these commitments means capex guidance is watched far beyond Microsoft’s own investor base. \nWhat to Watch For\nAzure revenue growth rate: This is the headline metric. Analyst consensus expects year-on-year growth in the 28-31% range. A reading above 32% would signal continued AI-driven demand acceleration; below 26% would likely disappoint against current valuations. Management commentary on what proportion of Azure growth is attributable to AI workloads\, versus traditional enterprise cloud migration\, will be closely parsed. \nCopilot monetisation: Microsoft has been scaling its AI assistant across Microsoft 365\, GitHub\, Dynamics\, and other products. Any disclosure of Copilot seat counts\, AI commercial customer numbers\, or revenue separately attributed to AI features will be treated as a key data point on the pace of enterprise AI monetisation. \nCapital expenditure and FY2027 guidance: With AI infrastructure spending at elevated levels\, any revision to the FY2026 annual capex figure and the initial FY2027 revenue outlook will set market expectations for the year ahead. Management typically provides the first full-year guidance on the Q4 call. \nProductivity and Business Processes segment: Microsoft 365 commercial cloud seat growth and average revenue per user will indicate whether enterprise demand for productivity software remains resilient. LinkedIn revenue growth and Dynamics 365 performance against Salesforce and SAP will also be assessed. \nAnalyst Consensus Estimates\n\n\n\nMetric\nConsensus Estimate\nMicrosoft Guidance\n\n\n\n\nTotal Revenue\n$89.37 billion\n$86.7-$87.8 billion\n\n\nAdjusted EPS\n$4.33\nNot separately disclosed\n\n\nAzure Revenue Growth (YoY)\n~28-31%\nNot disclosed\n\n\n\nHistorical Context\n\n\n\nQuarter\nRevenue\nEPS (Non-GAAP)\nAzure Growth\n\n\n\n\nQ3 FY2025 (Jan-Mar 2025)\n$70.07 billion\n$3.46\n33%\n\n\nQ2 FY2025 (Oct-Dec 2024)\n$69.63 billion\n$3.23\n31%\n\n\nQ1 FY2025 (Jul-Sep 2024)\n$65.59 billion\n$3.30\n33%\n\n\nQ4 FY2024 (Apr-Jun 2024)\n$64.73 billion\n$3.23\n29%\n\n\n\nSource: Microsoft investor relations earnings releases. EPS figures are non-GAAP adjusted. Azure growth rates are year-on-year comparisons. \nMarket Positioning Ahead of Results\nMicrosoft enters Q4 FY2026 with analyst consensus of $89.37 billion sitting above the top of management’s own guidance range of $87.8 billion\, a gap of over $1.5 billion. This pattern of conservative guidance followed by consensus beats has been consistent across recent fiscal years and has helped sustain investor confidence through a period of elevated capital expenditure. \nThe share price reaction will be driven primarily by three variables: Azure growth versus the 28-31% consensus range\, the credibility and scale of any Copilot monetisation disclosure\, and the initial FY2027 revenue guidance. A strong print on all three would reinforce the AI infrastructure thesis underpinning the company’s valuation. A miss on Azure growth would likely prompt a sharper reaction given stretched multiples. \nThe FY2027 guidance provided on the Q4 call will also be assessed for clues on whether management expects the current AI-driven growth phase to sustain or moderate. First-quarter FY2027 guidance combined with full-year commentary will set the market’s frame for Microsoft’s growth narrative into 2027. \nRelated Events\n\nJPM Earnings July 2026 – JPMorgan Chase Q2 2026 results on 14 July 2026\nMETA Earnings July 2026 – Meta Platforms Q2 2026 results in late July 2026\nUS CPI Report July 2026 – BLS inflation data released 14 July 2026\nFOMC Rate Decision July 2026 – Federal Reserve interest rate decision in July 2026\n\nFrequently Asked Questions\nWhen does Microsoft report Q4 FY2026 earnings?\nMicrosoft reports Q4 FY2026 results after US market close on Tuesday 28 July 2026. \nWhat is the analyst consensus for Microsoft Q4 FY2026 revenue?\nWall Street consensus forecasts total revenue of $89.37 billion\, above Microsoft’s own guidance range of $86.7-$87.8 billion. \nWhat is the consensus EPS forecast for MSFT Q4 FY2026?\nAnalyst consensus forecasts adjusted EPS of $4.33 for the quarter. \nWhat is the most important metric to watch?\nAzure revenue growth year-on-year is the primary metric. Any reading materially above or below the 28-31% consensus range is likely to drive significant share price movement. Initial FY2027 guidance provided on the call is the secondary focus. \nWhat is Microsoft’s fiscal year schedule?\nMicrosoft’s fiscal year runs July to June. Q4 FY2026 covers April\, May\, and June 2026\, with results reported in late July 2026 after market close. \nPhoto by Nick Chong on Unsplash \nResults: Microsoft Q4 FY2026\nMicrosoft reported Q4 FY2026 revenue of $90.0 billion\, above the analyst consensus of approximately $89.4 billion and well above the company’s own guidance range of $86.7-$87.8 billion. Adjusted EPS came in at approximately $4.74\, ahead of the $4.33 consensus. Azure and other cloud services grew 43% year on year\, beating the approximately 40% analyst expectation and marking the first time Microsoft’s cloud segment crossed $100 billion in annual revenue across a full fiscal year. Microsoft 365 Copilot paid seats exceeded 30 million. Net income rose 31% year on year to $35.8 billion. (Source: Microsoft Q4 FY2026 earnings release; CNBC; Yahoo Finance.) \nMarket Reaction\nMicrosoft shares surged approximately 8% in after-hours trading following the results\, adding roughly $260 billion in market capitalisation in a single session. The Azure growth acceleration and Copilot adoption figures were cited by analysts as the primary drivers of the positive market reaction\, confirming that enterprise AI monetisation had reached meaningful scale.
URL:https://www.financecalendar.com/event/msft-earnings-july-2026/
CATEGORIES:Economic Indicators
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DTSTART;TZID=America/New_York:20260728T120000
DTEND;TZID=America/New_York:20260728T130000
DTSTAMP:20260825T104553Z
CREATED:20260726T060000Z
LAST-MODIFIED:20260825T104553Z
UID:1382-1785240000-1785243600@www.financecalendar.com
SUMMARY:Alphabet Q2 2026 Earnings: What to Expect on 28 July 2026
DESCRIPTION:GOOGL Quarterly Earnings: Revenue $119.8bn (beat ~$116.5bn); Google Cloud $24.8bn (+82% YoY); capex guidance raised to $195-205bn (Tuesday\, July 28\, 2026 at 12:00 pm ET (5:00 pm London)). \n\nConsensus\n~$2.87 EPS (MarketBeat consensus; up 23.8% YoY)\nActual\nRevenue $119.8bn (beat ~$116.5bn); Google Cloud $24.8bn (+82% YoY); capex guidance raised to $195-205bn\n\nUpdated August 25\, 2026 \n\nAlphabet reported second-quarter 2026 results on July 28\, 2026\, after the US market closed\, delivering revenue that beat consensus estimates but sending its shares lower in after-hours trading on a sharp increase in full-year capital expenditure guidance. \nAt a Glance: Alphabet Q2 2026 Earnings\n\n\n\nDate\nTuesday\, 28 July 2026\n\n\nTime\nAfter close; earnings call typically 5:00 p.m. EDT / 10:00 p.m. BST\n\n\nEPS Consensus\n~$2.87 (up 23.8% YoY\, per MarketBeat)\n\n\nRevenue Focus\nSearch ~$60bn range; Cloud growth pace\n\n\nQ1 2026 Cloud Growth\n+63% year on year (SEC filing\, April 2026)\n\n\nKey Watch\nCloud growth sustainability\, AI search yield\, capex pace\n\n\n\nWhat Is an Alphabet Earnings Report?\nAlphabet publishes quarterly financial results as a US-listed company under SEC disclosure requirements. Its results cover three primary segments: Google Services (Search\, YouTube\, Android\, Play\, Maps\, and other advertising products)\, Google Cloud (enterprise cloud computing and AI infrastructure)\, and Other Bets (early-stage ventures including Waymo). The earnings call\, hosted by the Chief Executive Officer and Chief Financial Officer\, follows the written results and typically includes guidance commentary that can move the stock significantly. \nAlphabet has been one of the most closely watched companies in the world through 2025 and 2026 as investors assess how the emergence of AI-powered search and chatbots will affect its core advertising business. The company’s investment in Gemini\, its own large language model\, and its integration into Search\, Workspace\, and Cloud products makes each quarterly update a read on the pace of AI monetisation across the internet economy. \nAlphabet releases earnings approximately three to four weeks after the end of each quarter. The Q2 2026 report on 28 July will be the first detailed look at Alphabet’s financial performance in the April-to-June 2026 period\, covering the height of global online advertising season. \nWhen Is the Alphabet Q2 2026 Earnings Release?\nAlphabet will release its Q2 2026 financial results on Tuesday\, 28 July 2026\, after the Nasdaq market closes at 4:00 p.m. Eastern Time. The earnings conference call is typically scheduled for around 5:00 p.m. Eastern Time (10:00 p.m. BST). The release and call replay will be available at Alphabet’s investor relations website. \n28 July is a notably busy day for Big Tech reporting: Microsoft also reports its Q4 FY2026 earnings on the same day. The two reports together will provide a broad read on cloud computing growth\, AI infrastructure demand\, and digital advertising trends. The day before\, on 27 July\, the ECB meets on monetary policy\, and the following day the FOMC announces its rate decision. \nWhat Do Analysts Expect From Alphabet’s Q2 2026 Results?\nWall Street consensus\, according to MarketBeat and TipRanks\, puts Alphabet’s Q2 2026 earnings per share at approximately $2.86 to $2.88\, representing growth of roughly 23.8% from the same quarter a year earlier. Alphabet has beaten consensus earnings estimates in each of the past four consecutive quarters\, according to analyst commentary compiled by Yahoo Finance. \nFor the full year 2026\, analysts expect revenue to reach approximately $486.5 billion\, with full-year EPS of approximately $14.22\, according to consensus data cited by Simply Wall St. The Q2 report will be assessed against those full-year expectations\, with particular focus on whether the Cloud growth rate that reached 63% year on year in Q1 2026 can be sustained or is beginning to normalise. \nSearch advertising remains Alphabet’s largest revenue line. Consensus estimates for Q2 2026 Search and other revenue cluster in the high-$50 billion to low-$60 billion range\, according to analyst commentary tracked by Lines.com. Any indication that AI Overviews\, Alphabet’s AI-generated search feature\, is improving advertising yields per query will be a key positive signal for investors concerned about cannibalisation from AI chatbots. \nAlphabet Quarterly Financial History\n\n\n\nQuarter\nRevenue\nEPS (GAAP)\nCloud Growth YoY\n\n\n\n\nQ1 2025\nSee SEC filing\n$2.81\nHigh growth\n\n\nQ4 2025\nPart of >$400bn FY25\n$2.82\nStrong\n\n\nQ1 2026\n$109.9bn (+22% YoY)\n$5.11\n+63%\n\n\nQ2 2026 (due 28 Jul)\nTBC\n~$2.87 consensus\nRate to be confirmed\n\n\n\nSource: Alphabet SEC filings (8-K press releases); EPS consensus per MarketBeat. Note: Q1 2026 EPS of $5.11 reflects an 82% year-on-year net income increase and may include one-time investment valuation items typical of Alphabet’s quarterly reporting. Q2 2026 EPS is analyst consensus\, not a reported figure. \nWhat Should Investors Watch in the Q2 2026 Numbers?\nThe central question for Alphabet in Q2 2026 is whether Google Cloud’s extraordinary first-quarter growth rate can be maintained. Cloud revenue growing at 63% year on year is exceptional by any measure\, and in Q1 2026 Alphabet also disclosed that its Cloud backlog had nearly doubled\, reaching over $460 billion. The backlog figure indicates committed future revenue\, making it a powerful leading indicator of whether enterprise adoption of Alphabet’s AI infrastructure is durable rather than speculative. \nSearch advertising will also be scrutinised. Alphabet disclosed in its Q1 2026 press release that queries are at an all-time high and that AI Overviews\, its generative AI search feature\, now has 1.5 billion monthly users. The key question is whether more queries and AI feature usage are translating into higher revenue per query\, or whether the shift towards AI-generated summaries is reducing the number of clicks that carry advertising. \nCapital expenditure will be another focus. Alphabet revised its 2026 capex target to between $180 billion and $190 billion\, a very large commitment to data centre and AI infrastructure. Investors will want reassurance that this spending is generating adequate return on investment through Cloud contract wins and advertising yield improvements\, rather than simply inflating the cost base ahead of monetisation. \nAny commentary on the regulatory environment for search and digital advertising\, including ongoing antitrust proceedings in the United States and Europe\, will also be closely watched\, as structural remedies could affect Alphabet’s long-term business model. \nWhat the Result Could Mean for Alphabet Stock\n\n\n\nScenario\nLikely Market Read\nPlain-English Implication\n\n\n\n\nAbove consensus (EPS above $2.88\, Cloud growth holds above 50%)\nPositive: AI monetisation is working across both Search and Cloud; stock likely higher\nGoogle is successfully converting its AI investments into real revenue\, not just user engagement\n\n\nIn line with consensus (EPS $2.86–$2.88\, Cloud growth 40–50%)\nNeutral: solid but the market will ask whether capex can be justified at this growth rate\nAlphabet is growing well but investors will probe whether $180–$190bn in annual capex is earning its keep\n\n\nBelow consensus (EPS below $2.86\, Cloud deceleration below 40%)\nNegative: AI spending not yet generating proportionate revenue; stock likely lower\nHeavy infrastructure investment is not yet translating into profit at the pace investors need to justify the spending\n\n\n\nScenarios based on analyst commentary from MarketBeat\, MarketPulse\, and Yahoo Finance. These are not predictions; actual outcomes can differ materially from consensus estimates. \nWhat It Means for Your Money\nAlphabet is one of the world’s largest companies and a constituent of almost every major global equity index. Its results affect savers\, investors\, and consumers well beyond those who own GOOGL shares directly. \nPension holders and fund investors: Alphabet is a significant weight in S&P 500\, FTSE All-World\, and many technology ETFs. A large after-hours move on 28 July will flow into fund valuations the following trading day. Investors in broad market tracker funds or pension plans with global equity exposure will see some portfolio impact. \nDigital advertisers and businesses: Alphabet’s Search and YouTube advertising pricing signals the health of digital advertising markets globally. A strong Alphabet result tends to confirm that businesses are increasing their online marketing budgets\, which is itself a sign of corporate confidence in consumer demand. \nAI and productivity: Google’s Gemini AI tools\, which are embedded in Google Workspace\, are used by hundreds of millions of people at work. The pace of paid subscriptions\, which stood at 350 million across Google and YouTube products in Q1 2026\, indicates how broadly AI productivity tools are being adopted. A strong result validates continued investment in these tools. \nCloud costs for businesses: Google Cloud is a key infrastructure provider for businesses of all sizes. Strong Cloud results typically mean continued investment in data centre capacity\, which supports computing availability and can keep pricing competitive. The $460 billion backlog disclosed in Q1 2026 indicates substantial long-term demand commitments from enterprise customers worldwide. \nRelated Events This Week\n\nMicrosoft Q4 FY2026 Earnings (28 July 2026) — Reports on the same day as Alphabet; Azure cloud growth will be directly compared against Google Cloud’s trajectory\nMeta Earnings July 2026 (29 July 2026) — The next day’s digital advertising bellwether; Meta and Alphabet together represent the majority of global digital ad spend\nFOMC Rate Decision July 2026 (29 July 2026) — The Federal Reserve’s decision on interest rates will influence how markets value growth and technology stocks in the second half of 2026\n\nFrequently Asked Questions\nWhen Is Alphabet’s Q2 2026 Earnings Report?\nAlphabet will release its Q2 2026 earnings after market close on Tuesday\, 28 July 2026. The earnings conference call typically starts at around 5:00 p.m. Eastern Time (10:00 p.m. BST). \nWhat Is the Consensus EPS Forecast for Alphabet Q2 2026?\nAnalyst consensus tracked by MarketBeat and TipRanks puts Alphabet’s Q2 2026 EPS at approximately $2.86 to $2.88\, representing growth of around 23.8% from Q2 2025. Alphabet has beaten consensus in each of the past four quarters. \nWhy Does Alphabet’s Earnings Report Matter Beyond Tech Investors?\nAlphabet’s results serve as a barometer for the global digital advertising market\, the pace of AI adoption in enterprise computing\, and the health of internet-based consumer activity. As a top-10 global company by market capitalisation\, movements in Alphabet’s share price affect major equity indices and\, through index funds\, the retirement savings of millions of people worldwide. \nResults: Alphabet Q2 2026\nAlphabet reported Q2 2026 revenue of $119.8 billion\, above the analyst consensus of approximately $116.5 billion. Google Cloud revenue reached $24.8 billion\, representing 82% year-on-year growth. Reported diluted EPS came in at $9.11; however\, this figure was heavily inflated by approximately $98 billion in unrealised gains on equity securities held by the company and does not reflect underlying operational performance. Operating income was $40.8 billion with a 34% margin\, up 30% year on year. (Source: Alphabet Q2 2026 earnings release; CNBC; Investing.com.) \nMarket Reaction\nDespite the revenue beat\, Alphabet shares fell in after-hours trading. Investors reacted negatively to the company raising its full-year 2026 capital expenditure guidance to $195-205 billion\, a significant increase from prior expectations\, reflecting accelerated AI infrastructure spending. The GAAP EPS headline figure materially overstated operational performance due to non-cash investment gains; analysts focused on the underlying revenue and cloud growth metrics.
URL:https://www.financecalendar.com/event/googl-earnings-july-2026/
CATEGORIES:Economic Indicators
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