Microsoft Earnings Report on July 29
Microsoft (NASDAQ: MSFT) will report its fiscal fourth-quarter earnings on July 29, 2026. The tech giant is currently down 20% year-to-date, contrasting with the recovery seen by most other major stocks.
AI Growth and Financial Outlook
In April, Microsoft increased its capital expenditure forecast to $190 billion for fiscal 2026, a 61% increase from the previous year. Its Azure cloud revenue rose by 40% in Q3, surpassing estimates, while overall cloud revenue increased by 29%. Microsoft reported a backlog of $627 billion in Q3, reflecting a 99% year-over-year growth. Additionally, CEO Satya Nadella announced that the company’s AI business has a current annual revenue run rate of $37 billion, up 123% from the previous year.
Stock Valuation Insights
Currently trading at 22 times earnings, Microsoft stock is considered historically cheap, with analysts giving a median price target of $550 per share, indicating a potential 41% upside. A strong Q4 performance could signal a recovery for the stock after its recent downturn.
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