Microsoft (HK:4338)
:4338
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
33.21Last Year’s EPS
28.59Same Quarter Last Year
Strong Buy
Based on 35 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong, growth-focused narrative: record cloud and AI revenue, very large AI ARR growth (123%), rapid Copilot and developer adoption (20M Copilot seats, 250% seat-add growth), and substantial product and infrastructure progress. Those positives are tempered by meaningful margin and expense pressure from accelerated AI investments, very large near-term capital expenditures with supply constraints, booking volatility tied to OpenAI commitments and model transitions, and weakness in parts of More Personal Computing (OEM/devices and gaming). Management emphasized execution on capacity, efficiency gains, and a multi-year view on ROI from AI investments.Company Guidance
Record Quarterly Revenue and Earnings
Revenue of $82.9 billion for the quarter and diluted EPS of $4.27, with management stating results exceeded expectations across revenue, operating income, and EPS.
Microsoft Cloud Strength
Microsoft Cloud generated approximately $54 billion in revenue, up 29% year over year, with Microsoft Cloud gross margin around 66% and strong demand across Azure and first-party AI services.
AI Business Acceleration
AI annual revenue run rate (ARR) surpassed $37 billion, growing 123% year over year; Microsoft emphasized rapid AI adoption and platform momentum.
Copilot and Agent Momentum
Microsoft 365 Copilot paid seats exceeded 20 million, with paid seat adds up 250% year over year; Copilot queries per user rose ~20% quarter over quarter and first-party agent monthly usage is up 6x year to date.
Developer & GitHub Growth
Nearly 140,000 organizations now use GitHub Copilot in Enterprise (nearly tripled year over year); GitHub Copilot CLI usage nearly doubled month over month; announced move to a usage-based pricing model for Copilot.
Enterprise Data & Foundry Traction
Foundry and Fabric adoption: over 35,000 paid Fabric customers (up 60% year over year), over 10,000 Foundry customers using more than one model, and >15,000 customers using both Foundry and Fabric (up 60% year over year); over 300 customers expected to process >1 trillion tokens this year (tokens processed accelerating 30% quarter over quarter).
Notable Product & Infrastructure Innovations
Operational improvements including 40% improvement in inference throughput for most-used models, new Maya 200 AI accelerator (30% better tokens-per-dollar vs prior silicon), Cobalt CPU deployed at scale, and Fairwater data center coming online six weeks early; added another gigawatt of capacity this quarter.
Strong Cash Generation and Capital Deployment
Operating cash flow of $46.7 billion (up 26% year over year) and free cash flow of $15.8 billion; returned $10.2 billion to shareholders via dividends and buybacks; CapEx this quarter was $31.9 billion to build AI/cloud capacity.
Consumer & Platform Reach
Windows monthly active devices surpassed 1.6 billion, Bing monthly active users reached 1 billion, LinkedIn has 1.3 billion members, and Microsoft 365 Consumer has nearly 95 million subscribers; Xbox set new monthly user records and game streaming hours.
HK:4338 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HK:4338 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | HK$2000.00 | HK$2000.00 | 0.00% |
Jan 28, 2026 | HK$1992.89 | HK$1992.89 | 0.00% |
Oct 29, 2025 | HK$1985.83 | HK$1985.83 | 0.00% |
Jul 30, 2025 | HK$1979.39 | HK$1979.39 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Microsoft (HK:4338) report earnings?
Microsoft (HK:4338) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is Microsoft (HK:4338) earnings time?
Microsoft (HK:4338) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Microsoft stock?
The P/E ratio of Microsoft is N/A.
What is HK:4338 EPS forecast?
HK:4338 EPS forecast for the fiscal quarter 2026 (Q4) is 33.21.
