Microsoft will report its Q1 fiscal 2027 results (July–September 2026) after the US market closes on Wednesday, October 28, 2026. The earnings call webcast starts at 5:30 p.m. ET (2:30 p.m. PT),Microsoft will report its Q1 fiscal 2027 results (July–September 2026) after the US market closes on Wednesday, October 28, 2026. The earnings call webcast starts at 5:30 p.m. ET (2:30 p.m. PT),

新手学院/新手指南/美股/Microsoft Earnings Date: When Does Microsoft Report Earnings? Time, Results History and Stock Reaction

Microsoft Earnings Date: When Does Microsoft Report Earnings? Time, Results History and Stock Reaction

作者：Marcus O'Brien

初阶

Oct 23, 2026Marcus O'Brien

8 分钟

Microsoft will report its Q1 fiscal 2027 results (July–September 2026) after the US market closes on Wednesday, October 28, 2026. The earnings call webcast starts at 5:30 p.m. ET (2:30 p.m. PT), which is 5:30 a.m. Beijing time on Thursday, October 29. Microsoft confirmed the date on October 7, 2026.

Last updated: October 23, 2026. Status: confirmed by Microsoft.

When is Microsoft's next earnings report?

Microsoft's next earnings report covers the first quarter of its fiscal 2027 and comes out after the close on October 28, 2026. Microsoft's fiscal year ends on June 30, so Q1 FY2027 means July to September 2026. It will be the first report under Microsoft's new two-segment structure.

Company: Microsoft Corporation (NASDAQ: MSFT)
Quarter: Q1 fiscal 2027 (July–September 2026)
Date: Wednesday, October 28, 2026, after market close
Earnings call: 5:30 p.m. ET / 2:30 p.m. PT, webcast on Microsoft Investor Relations
Microsoft's revenue guidance: $89.85 billion to $90.95 billion
Status: confirmed

What time is Microsoft earnings in my time zone?

The October 28 report falls before US daylight saving time ends on November 1, so New York is on EDT (UTC−4) and Beijing is 12 hours ahead. The UK has already moved to GMT.

New York (EDT): results after 4:00 p.m. on Wed Oct 28; call at 5:30 p.m.
London (GMT): results after 8:00 p.m. on Wed Oct 28; call at 9:30 p.m.
Beijing, Hong Kong, Singapore (UTC+8): results after 4:00 a.m. on Thu Oct 29; call at 5:30 a.m.
Tokyo, Seoul (UTC+9): results after 5:00 a.m. on Thu Oct 29; call at 6:30 a.m.

Microsoft's late-January report (fiscal Q2) falls on US standard time, when Beijing is 13 hours ahead of New York.

What is Microsoft expected to report for Q1 FY2027?

Microsoft guided Q1 FY2027 revenue to $89.85 billion to $90.95 billion, growth of 16% to 17%. On September 2, it restated that guidance for its new segments and began reporting Azure revenue in dollars (Microsoft 8-K). Analysts tracked by Yahoo Finance expect revenue of $90.72 billion and adjusted EPS of $4.72; a consensus from a named provider will be added before the report.

Agents and Infra: $75.15 billion to $75.75 billion
Devices and Consumer: $14.7 billion to $15.2 billion
Azure growth: 44% to 45% in constant currency, on the new definition that moves some GitHub revenue out of Azure
Capital expenditures: over $50 billion in the quarter; about $175 billion for calendar 2026
Full fiscal 2027: capex to grow year over year, operating margin down less than 1 point

Azure growth against the 44%–45% guide is the number to watch first. Our analysis of Microsoft's $100 billion Azure year and its price targets explains why the market weighs it so heavily.

What did Microsoft report last quarter?

On July 29, 2026, Microsoft reported Q4 fiscal 2026 (April–June 2026) revenue of $90.01 billion against the $87.62 billion FactSet estimate. Adjusted EPS, which excludes OpenAI-related items, was $4.74 against $4.24 expected; GAAP EPS was $4.81 (Microsoft Q4 FY2026 release).

Azure growth: 43% on the old definition, against about 40% expected by Visible Alpha
Capital expenditures: $41.0 billion including finance leases
Calendar 2026 capex outlook: about $175 billion, down from $190 billion after a change in lease accounting

MSFT closed at $451.10 the next day, up 15.51%, a gain of roughly $450 billion in market value.

How did MSFT trade on MEXC after the last report?

MEXC's Microsoft perpetual futures contract, MSFTSTOCK_USDT (displayed as MSFT_USDT, 1 contract = 0.01 MSFT), trades 24/7. After the Q4 FY2026 release it climbed in steps through the night.

4:00 p.m. ET, Jul 29 (US close): 391.73 USDT
5:00 p.m. ET, Jul 29 (5:00 a.m. Beijing): 402.74 USDT, up 2.81%
3:00 a.m. ET, Jul 30 (3:00 p.m. Beijing): 419.43 USDT, up 7.07%
9:00 a.m. ET, Jul 30 (30 minutes before the US open): 427.57 USDT, up 9.15%
10:00 a.m. ET, Jul 30 (30 minutes after the open): 450.35 USDT, up 14.96%

The biggest overnight jump came during the earnings call rather than on the release itself: the contract rose about 5.5% in the 6:00 p.m. ET hour, after the call began. By Beijing afternoon it was up 7%, about half of the stock's 15.51% gain. 24/7 trading lets you place orders outside US market hours, but it does not mean prices are discovered around the clock: liquidity is thinner overnight, and the contract can still gap when the cash market opens. Data: MEXC public futures API, 60-minute bars.

Microsoft earnings history: results vs estimates and stock reaction

Microsoft beat revenue and EPS estimates in all 12 quarters from Q1 FY2024 to Q4 FY2026, yet the stock rose only 5 times the next day. Azure has decided the reaction. In the four reports where Azure growth beat analyst estimates by 3 percentage points or more, the stock rose every time; in the four where Azure missed or beat by less than 2 points, it fell every time. The average next-day move was 5.4% in either direction.

Q4 FY2026 (Apr–Jun 2026), reported Jul 29, 2026: revenue $90.0B vs $87.6B expected; adjusted EPS $4.74 vs $4.24; Azure +43% vs about 40% expected; stock next day +15.51%
Q3 FY2026 (Jan–Mar 2026), reported Apr 29, 2026: revenue $82.9B vs $81.4B; EPS $4.27 vs $4.06; Azure +40%; stock next day −3.93%
Q2 FY2026 (Oct–Dec 2025), reported Jan 28, 2026: revenue $81.3B vs $80.3B; adjusted EPS $4.14 vs $3.97; Azure +39% vs 38.8%; stock next day −9.99%
Q1 FY2026 (Jul–Sep 2025), reported Oct 29, 2025: revenue $77.7B vs $75.3B; adjusted EPS $4.13 vs $3.67; Azure +40% vs 38.4%; stock next day −2.92%
Q4 FY2025 (Apr–Jun 2025), reported Jul 30, 2025: revenue $76.4B vs $73.8B; EPS $3.65 vs $3.37; Azure +39% vs 34.4%; stock next day +3.95%
Q3 FY2025 (Jan–Mar 2025), reported Apr 30, 2025: revenue $70.1B vs $68.4B; EPS $3.46 vs $3.22; Azure +33% vs 29.7%; stock next day +7.63%
Q2 FY2025 (Oct–Dec 2024), reported Jan 29, 2025: revenue $69.6B vs $68.8B; EPS $3.23 vs $3.11; Azure +31% vs 31.1%; stock next day −6.18%
Q1 FY2025 (Jul–Sep 2024), reported Oct 30, 2024: revenue $65.6B vs $64.5B; EPS $3.30 vs $3.10; Azure +33%; stock next day −6.05%
Q4 FY2024 (Apr–Jun 2024), reported Jul 30, 2024: revenue $64.7B vs $64.4B; EPS $2.95 vs $2.93; Azure +29% vs 31%; stock next day −1.08%
Q3 FY2024 (Jan–Mar 2024), reported Apr 25, 2024: revenue $61.9B vs $60.8B; EPS $2.94 vs $2.82; Azure +31% vs 28.6%; stock next day +1.82%
Q2 FY2024 (Oct–Dec 2023), reported Jan 30, 2024: revenue $62.0B vs $61.1B; EPS $2.93 vs $2.78; Azure +30% vs 27.5%; stock next day −2.69%
Q1 FY2024 (Jul–Sep 2023), reported Oct 24, 2023: revenue $56.5B vs $54.5B; EPS $2.99 vs $2.65; Azure +29% vs 26%; stock next day +3.07%

Sources and method: actual results from Microsoft's quarterly earnings releases; revenue and EPS estimates are LSEG consensus as reported by CNBC for fiscal 2024 and 2025, and LSEG, FactSet or other consensus reported by Reuters, AP and Yahoo Finance for fiscal 2026; Azure estimates are StreetAccount or Visible Alpha figures cited by CNBC and Reuters; prices are closes from Yahoo Finance. From fiscal 2026, EPS is Microsoft's adjusted figure excluding OpenAI-related gains and losses, which is the basis analysts compare against. Azure growth is as reported at the time, on the old definition. "Next day" compares the report-day close with the following trading day's close. Past reactions do not predict future ones.

FAQ

When is Microsoft's next earnings date?

Microsoft's next earnings date is Wednesday, October 28, 2026, after the US market close. The report covers Q1 fiscal 2027 (July–September 2026). Microsoft confirmed the date on October 7, 2026.

What time does Microsoft report earnings?

Microsoft publishes results after the 4:00 p.m. ET close and holds its earnings call at 5:30 p.m. ET (2:30 p.m. PT). For the October 28 report, the call starts at 5:30 a.m. on Thursday, October 29, in Beijing, Hong Kong and Singapore.

Why is an October report called Q1 fiscal 2027?

Microsoft's fiscal year runs from July 1 to June 30. Fiscal 2027 began on July 1, 2026, so its first quarter covers July to September 2026 and is reported in late October.

What is Microsoft's revenue guidance for this quarter?

Microsoft expects Q1 FY2027 revenue of $89.85 billion to $90.95 billion, with Azure growth of 44% to 45% in constant currency. It also expects more than $50 billion of capital expenditures in the quarter.

What changed in how Microsoft reports results?

From fiscal 2027, Microsoft reports two segments instead of three: Agents and Infra, which includes Azure and Microsoft 365, and Devices and Consumer, which includes Windows, Xbox and search. It also now discloses Azure revenue in dollars; Azure brought in about $101.9 billion in fiscal 2026 on the new basis.

Does Microsoft usually beat earnings estimates?

Yes. Microsoft beat both revenue and EPS estimates in each of the 12 quarters from Q1 FY2024 to Q4 FY2026. The stock still fell after 7 of those 12 reports, so the beat alone has not decided the reaction.

How does Microsoft stock usually move after earnings?

Over the last 12 reports, MSFT moved an average of 5.4% the next trading day, up 5 times and down 7 times. Its largest gain was 15.51% after Q4 FY2026 and its largest drop 9.99% after Q2 FY2026. Azure growth against estimates has lined up with the direction more closely than revenue or EPS.

Where can I listen to the Microsoft earnings call?

Microsoft streams the call live on its Investor Relations site, where the press release, slides and a replay are also posted.

Can I trade MSFT when the US market is closed?

MSFT shares trade mainly in US sessions: regular hours, plus pre-market and after-hours trading. MEXC lists a Microsoft perpetual futures contract (MSFTSTOCK_USDT) that trades 24/7, including the hours right after Microsoft reports. See how to trade stock futures on MEXC. Futures are leveraged and carry a risk of loss, and overnight prices can differ from where the stock opens.