Microsoft CEO Satya Nadella attends the 56th World Economic Forum Annual Meeting in Davos, Switzerland on January 20, 2026.
Dennis Bariboos | Reuters
microsoft The company plans to release fourth-quarter results after the closing bell on Wednesday.
Here’s what analysts are looking for, according to LSEG consensus:
Earnings per share: Adjusted $4.24 Revenue: $87.62 billion
At this level, analysts are expecting 14.6% year-over-year growth in the quarter ended June 30. It expects growth to accelerate slightly to 15.4% in the September quarter.
As of Tuesday’s close, the company’s stock is down about 19% year-to-date in 2026, while the S&P 500 index is up 8.5%. Investors have pared down long-held software stocks this year over concerns about disruption from generative artificial intelligence models.
Meanwhile, Microsoft faces “some concentration risks” for its products. OpenAI In a note last week, Deutsche Bank analysts recommending buying Microsoft stock specifically mentioned its relationship to the rise of the open source model. Microsoft announced in January that about 45% of its $625 billion in remaining commercial performance obligations are related to OpenAI.
When it comes to allocating computing capacity, CEO Satya Nadella has sought to balance the needs of the Azure cloud, research, and applications such as the Microsoft 365 Copilot assistant. If researchers can get more AI chips to train their models, it means fewer AI chips will be available to cloud clients.
Analysts surveyed by CNBC and StreetAccount expect Azure to grow 40% and 40.2% excluding currency effects.
Investors will be watching to see if Microsoft raises its outlook for capital spending and financing leases for data center expansion. alphabet last week raised its 2026 range by $15 billion. Analysts polled by Visible Alpha had a $190.5 billion target for Microsoft, slightly higher than the $190 billion forecast in April.
During the quarter, Microsoft introduced a cost-effective AI coding model, named LinkedIn executive Dan Shapero to take over its business social network, and lowered Xbox Game Pass subscription prices.
Executives are scheduled to discuss the results with analysts and provide guidance on a conference call beginning at 5:30 p.m. ET.
Microsoft stock price chart.
