Microsoft Corporation (MSFT) earnings on April 29, 2026
More Microsoft Corporation earnings
Prior outlook: Optimistic Outcome: Missed
Microsoft's stock price fell significantly after its earnings announcement, ending the day down nearly 4%. This was unexpected given positive expectations.
MSFT price around the earnings
409.79
Change: -3.5%
2026-04-30, 20:29 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Missed
Strong analyst support, but resistance may be encountered after the rally.
Analysts foresee significant growth for Microsoft following a strong recent price increase. The company has a history of exceeding earnings expectations, but its recent rally may be nearing a point where further gains could be limited.
Context analyzed before publication
- Summary
- Strong analyst support, but resistance is a key factor after the rally.
- Reasoning
- Analysts cite significant growth for Microsoft following a strong recent price increase. The company has a history of exceeding earnings expectations, but its recent rally may be nearing a point where further gains could be limited.
- Playbook
- The stock has climbed significantly and may face selling pressure near resistance levels. Upcoming earnings are a key factor for any surprises.
- Trend
- Strong run-up, approaching resistance, high expectations.
Analysts
Drivers
-
Analysts
Positive
Analysts maintain a strong consensus, with most recommending a buy. They point to an optimistic scenario for the stock.
Evidence
- Analyst consensus
- Strong buy
- Consensus average (1-5)
- 1.29
- Analysts covering the stock
- 54
- Average price target
- 572.67
- Lowest price target
- 392
- Highest price target
- 730
- Upside to price target
- 35%
- Quarterly earnings growth
- 59.5%
- Revenue growth
- 16.7%
- Forward EPS
- 18.93
- Trailing EPS
- 15.97
- Analyst moves in the last 60 days
- 10
- Strong buy: 10
- Buy: 43
- Hold: 3
- Sell: 0
- Strong sell: 0
- Strong buy
- 10
- Buy
- 43
- Hold
- 3
- Sell
- 0
- Strong sell
- 0
- April 28, 2026 · Benchmark: Reiterates rating (Buy → Buy)
- April 28, 2026 · BMO Capital: Maintains rating (Outperform → Outperform)
- April 27, 2026 · Oppenheimer: Reiterates rating (Outperform → Outperform)
- April 23, 2026 · Guggenheim: Reiterates rating (Buy → Buy)
- April 22, 2026 · Citigroup: Maintains rating (Buy → Buy)
- April 16, 2026 · TD Cowen: Maintains rating (Buy → Buy)
- April 15, 2026 · Baird: Maintains rating (Outperform → Outperform)
- April 14, 2026 · Mizuho: Maintains rating (Outperform → Outperform)
- April 14, 2026 · Piper Sandler: Maintains rating (Overweight → Overweight)
- April 10, 2026 · BNP Paribas: Maintains rating (Outperform → Outperform)
News and sentiment
Drivers
-
News & sentiment
Neutral
Recent news shows a mix of focus on artificial intelligence alongside general concerns about upcoming earnings and the broader industry.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- Microsoft Earnings Prediction Market Preview: What Will Satya Nadella Say? — Benzinga
- What's Going On With Zoom Video Stock Wednesday? — Benzinga
- Microsoft Stock In Focus As Q3 Earnings Approach — Benzinga
- Microsoft Heads Into 'Biggest Earnings Day Ever' Near The Bottom Of The Mag 7 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has seen a substantial rally over the past 14 days. It is likely market review near a resistance point, which could increase the risk of a 'sell the news' event.
Evidence
- Average true range (ATR)
- 2.5%
- Distance to 52-week high
- -23.6%
- 14-day change (14d)
- +14.4%
- 30-day change
- +8.3%
- 30-day relative strength
- +2.3%
- Benchmark change
- +6.0%
- Nearest support
- 356.29
- Nearest resistance
- 433.33
- Volume accumulation ratio
- 0.92
Trends
Evidence
- Average earnings surprise
- +8.5%
- January 28, 2026: actual EPS 4.14 vs estimate 3.92 (surprise +5.7%)
- October 29, 2025: actual EPS 4.13 vs estimate 3.66 (surprise +12.7%)
- July 30, 2025: actual EPS 3.65 vs estimate 3.38 (surprise +8.1%)
- April 30, 2025: actual EPS 3.46 vs estimate 3.22 (surprise +7.4%)
Expected move
Drivers
-
Past earnings
Positive
Microsoft has consistently exceeded earnings expectations in its last four quarters. The average surprise was a notable 8.5%.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 4%
- 75th percentile move
- 6.5%
- 90th percentile move
- 7.9%
- Up / down moves
- 9 / 10
- Average up move
- +4.8%
- Average down move
- -4.2%
Monitoring and close
What Microsoft Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Missed
- Consolidated
- -3.9%
- Max favorable move (MFE)
- 0.1%
- Max adverse move (MAE)
- 6.2%