Coverage summary
Aardvark Labs Capital Research has covered Microsoft Corporation (MSFT) since May 1, 2025. The company is in the Technology sector. This page lists 7 reports: 7 earnings recaps.
The latest is the Q1 FY27 Earnings Recap, published October 30, 2026. The current rating is Outperform, unchanged since the Q4 FY26 Earnings Recap of July 31, 2026. The rating has changed twice since coverage began.
Translations: 6 in Chinese.
The Excel model for MSFT holds 20 quarters and 5 fiscal years of history and 8 quarters and 5 fiscal years of projections. It was last updated October 17, 2026.
Rating history
All MSFT reports
Recap: Q1 FY27
Azure Hits 48% and Finally Shows Its Dollars, but Microsoft Now Borrows to Build
Recap: Q4 FY26
Azure Accelerates to 43 and the Cash Flow Bear Case Breaks, But the Capex Cut Is an Accounting Entry
Recap: Q3 FY26
Azure Reaccelerates and FCF Heals, But the $190B Capex Reveal Moves the Goalposts Again
Recap: Q2 FY26
Operational Beat, FCF Collapse, Azure Step-Down: The First Quarter Where the Spending Outpaces the Story
Recap: Q1 FY26
Operational Beat, Capex Walk-Back: The FY26 Spending Curve Just Got Steeper — and the Backlog Got Bigger
Recap: Q4 FY25
Azure Accelerates to 39% on a Bigger Base — and the FY26 Setup Just Got Cleaner
Recap: Q3 FY25
Azure Reaccelerates to 35% — Demand Still Exceeds Supply, and the Capex Question Just Got Quieter