Microsoft Q1 Earnings Preview: What To Expect From Upcoming Report
Microsoft 
MSFT is set to report its first-quarter results for fiscal 2026 on , Oct. 29, 2025.
Analysts expect earnings per share of $3.65, marking roughly a 10.6% increase from the year-ago period, with revenue projected at $74.96 billion, up about 14%.
Investors are closely watching the company's Intelligent Cloud segment, forecasted to generate $30.26 billion, a rise of roughly 26% year-over-year. Productivity and Business Processes revenue is expected to reach $32.35 billion, climbing about 14%, while More Personal Computing revenue may edge lower to $12.72 billion, down roughly 3.5%.
Other areas of focus include Search and News advertising at $3.63 billion, Enterprise and Partner Services at $1.99 billion, and LinkedIn revenue projected at $4.66 billion, all showing positive year-over-year growth.
Analysts note that revisions to earnings estimates can influence stock movement ahead of the report. While AI and cloud investments are fueling optimism, rising spending may pressure margins, suggesting profit growth could slow compared with prior quarters.
Market watchers see these results as a key indicator for Big Tech performance heading into year-end.
Is MSFT Stock a Buy?
Based on the one year price targets offered by 54 analysts, the average target price for Microsoft Corp is $612.28 with a high estimate of $710.00 and a low estimate of $444.65. The average target implies a upside of +16.93% from the current price of $523.61.
Based on GuruFocus estimates, the estimated GF Value for Microsoft Corp in one year is $560.21, suggesting a upside of +6.99% from the current price of $523.61. gf value is gurufocus' estimate of the fair value that the stock should be traded at. it is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. for deeper insights, visit the forecast page.