Microsoft set to report quarterly results after the close

Microsoft set to report quarterly results after the close


Microsoft CEO Satya Nadella takes part in the Partnership for Global Infrastructure and Investment Event during the G7 Summit at the Borgo Egnazia resort in Savelletri, Italy, on June 13, 2024.

Mandel Ngan | AFP | Getty Images

Microsoft will report results for its fiscal first quarter after the close of regular trading on Wednesday.

Here’s the LSEG consensus of analysts’ expectations:

  • Earnings per share: $3.10
  • Revenue: $64.51 billion

The revenue estimate implies 14% annual growth for the quarter, which ended on June 30.

In August, Microsoft said it would revise the reporting of business segments to reflect its management approach. Mobility and security services, along with some Windows revenue, will now be part of the Productivity and Business Processes unit, which includes Office software.

Analysts surveyed by StreetAccount are looking for $27.9 billion in revenue for the segment. That’s 36% higher than the $20.45 billion midpoint of the forecast that management gave in July, because the analyst projection accounts for the changes.

Investors will receive a clearer picture of cloud consumption. Analysts expect $24.04 billion in revenue from the Intelligent Cloud segment that includes Azure cloud infrastructure. CNBC’s consensus for Azure growth is 32.8%, while StreetAccount’s is 29.4%.

In Alphabet’s earnings report on Tuesday, the internet company said its cloud business, which rivals Azure, grew nearly 35% from a year earlier to $11.35 billion, topping estimates. Amazon, which leads the cloud infrastructure market, is slated to report results after the close on Thursday.

For Microsoft’s More Personal Computing segment, the StreetAccount consensus is $12.56 billion. Microsoft will publish a combined growth rate for sales of devices and sales of Windows operating system licenses to device makers. Industry researcher Gartner estimated that quarterly PC shipments declined 1.3%.

During the quarter, Microsoft worked to help customers recover after a flawed update to CrowdStrike security software brought down Windows PCs globally. Microsoft said it would collaborate with BlackRock on an artificial intelligence infrastructure investment fund, with a goal of $30 billion in initial capital.

Microsoft’s AI investments will continue to be a major focus for investors, as the company builds out its infrastructure and ramps up chip spending to handle heftier workloads. Microsoft is the main investor in ChatGPT creator OpenAI, which was valued at $157 billion in a financing round earlier this month.

As of Tuesday’s close, Microsoft was up about 15% for the year, while the Nasdaq gained around 25% in the same period.

Executives will discuss the results and issue guidance on a conference call with analysts starting at 5:30 p.m. ET.

WATCH: Microsoft Copilot AI use accelerates inside companies, but cost concerns weigh

Microsoft Copilot AI use accelerates inside companies, but cost concerns weigh



Source

China’s ‘instant commerce’ price war sees alt=
Technology

China’s ‘instant commerce’ price war sees $0.30 drinks and billions in subsidies doled out

A Meituan food delivery courier rides an electric scooter in Chongqing, China, on March 29, 2025. Cheng Xin | Getty Images News | Getty Images In China’s fiercely competitive market, the latest price war is playing out in the growing “instant commerce” sector, where companies are launching massive subsidies and other incentives to get consumers […]

Read More
Grok 4 appears to seek Elon Musk’s views when answering controversial questions
Technology

Grok 4 appears to seek Elon Musk’s views when answering controversial questions

The X logo on a phone. Nurphoto | Nurphoto | Getty Images When xAI’s Grok 4 chatbot was launched on Wednesday, users and media outlets quickly began pointing out examples of it consulting its owner Elon Musk’s views on controversial matters.  CNBC was able to confirm that when asked to take a stance on some […]

Read More
Linda Yaccarino briefly loses verified X checkmark after stepping down as CEO
Technology

Linda Yaccarino briefly loses verified X checkmark after stepping down as CEO

X Corp’s CEO Linda Yaccarino looks on during the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024.  Nathan Howard | Reuters Ex-X CEO Linda Yaccarino is still @lindayaX on the social media site, but she briefly lost the blue checkmark next to her account […]

Read More