The earnings call highlighted significant growth in Microsoft's cloud services, AI innovations, and strong performance in gaming and LinkedIn. However, there were challenges in the on-premises server business and high capital expenditures, along with some financial losses. The overall sentiment is positive due to the strong revenue growth and technological advancements.

Company Guidance -

Q1 2026

During the Microsoft Fiscal Year 2025 Fourth Quarter Earnings Conference Call, significant guidance was provided on various financial metrics and strategic initiatives. Microsoft reported $281 billion in annual revenue, marking a 15% increase year-over-year, alongside an operating income of over $128 billion, up 17%. The company's fourth-quarter revenue was reported at $76.4 billion, a year-over-year increase of 18%, with earnings per share rising by 24% to $3.65. Microsoft Cloud revenue grew to $46.7 billion, a 27% increase, with Azure revenue alone growing by 39%. The company also highlighted an annual commercial bookings figure exceeding $100 billion, up 37% year-over-year. Looking forward, Microsoft expects to achieve double-digit revenue and operating income growth in fiscal year 2026, with capital expenditures projected to exceed $30 billion in Q1 due to strong cloud and AI demand. The company remains focused on maintaining operating margins and anticipates an effective tax rate between 19% and 20% for the upcoming fiscal year.

Strong Microsoft Cloud Performance

Microsoft Cloud surpassed $168 billion in annual revenue, up 23%. Azure surpassed $75 billion in annual revenue, up 34%.

Innovations in AI and Data Centers

Opened new data centers across 6 continents and stood up more than 2 gigawatts of new capacity in 12 months. Introduced Microsoft Sovereign Cloud and announced world's first operational deployment of a Level 2 Quantum computer.

Record Fiscal Year and High Growth in Microsoft 365 and Dynamics 365

Delivered over $281 billion in revenue, up 15%. Microsoft 365 Copilot adoption at a faster rate than any other new suite with strong usage intensity and Dynamics 365 revenue increased 23%.

Gaming and LinkedIn Growth

Gaming revenue increased 10%, and Xbox content and services revenue increased 13%. LinkedIn now has 1.2 billion members with video uploads increasing over 20%.

Increased Commercial Bookings and Cloud Gross Margin

Commercial bookings increased 37%, reaching over $100 billion for the first time. Microsoft Cloud gross margin percentage was 68%.

Microsoft (DE:MSF) Earnings, Revenues Date & History

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DE:MSF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2026 (Q1)	3.14 / -	2.834	―	―	―
Jul 30, 2025	2025 (Q4)	2.90 / 3.13	2.533	23.73% (+0.60)
Apr 30, 2025	2025 (Q3)	2.77 / 2.97	2.525	17.69% (+0.45)
Jan 29, 2025	2025 (Q2)	2.68 / 2.77	2.516	10.24% (+0.26)
Oct 30, 2024	2025 (Q1)	2.66 / 2.83	2.567	10.37% (+0.27)
Jul 30, 2024	2024 (Q4)	2.52 / 2.53	2.31	9.67% (+0.22)
Apr 25, 2024	2024 (Q3)	2.43 / 2.52	2.104	20.00% (+0.42)
Jan 30, 2024	2024 (Q2)	2.38 / 2.52	1.992	26.29% (+0.52)
Oct 24, 2023	2024 (Q1)	2.28 / 2.57	2.018	27.23% (+0.55)
Jul 25, 2023	2023 (Q4)	2.19 / 2.31	1.915	20.63% (+0.39)

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

DE:MSF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	€447.00	€468.95	+4.91%
Apr 30, 2025	€343.87	€383.60	+11.55%
Jan 29, 2025	€423.27	€396.12	-6.41%
Oct 30, 2024	€399.85	€374.00	-6.46%

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.