Microsoft · MSFT

[1] Microsoft FY26 Q4业绩

发布日期：2026-07-29

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_01.txt

Revenue was $90.0 billion and increased 18% (up 17% in constant currency) · Operating income was $40.6 billion and increased 18% · Net income was $35.8 billion and increased 31% on a GAAP basis, and was $35.3 billion and increased 22% on a non-GAAP basis · Diluted earnings per share was $4.81 and increased 32% on a GAAP basis, and was $4.74 and increased 23% on a non-GAAP basis · Non-GAAP results exclude the impact from investments in OpenAI, explained in the Non-GAAP Definition section below Several discrete items impacted our financial results in the quarter when compared to our forward-looking guidance provided on April 29, 2026, resu

[2] Microsoft FY26 Q3业绩

发布日期：2026-04-29

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_02.txt

Revenue was $82.9 billion and increased 18% (up 15% in constant currency) · Operating income was $38.4 billion and increased 20% (up 16% in constant currency) · Net income was $31.8 billion and increased 23% on a GAAP basis, and increased 20% (up 18% in constant currency) on a non-GAAP basis · Diluted earnings per share was $4.27 and increased 23% on a GAAP basis, and increased 21% (up 18% in constant currency) on a non-GAAP basis · Non-GAAP results exclude the impact from investments in OpenAI, explained in the Non-GAAP Definition section below “We are focused on delivering cloud and AI infrastructure and solutions that empower every busines

[3] Microsoft FY26 Q2业绩

发布日期：2026-01-28

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_03.txt

Diluted earnings per share on a GAAP basis was $5.16 and increased 60%, and on a non-GAAP basis was $4.14 and increased 24% (up 21% in constant currency) · Non-GAAP results exclude the impact from investments in OpenAI, explained in the Non-GAAP Definition section below “We are only at the beginning phases of AI diffusion and already Microsoft has built an AI business that is larger than some of our biggest franchises," said Satya Nadella, chairman and chief executive officer of Microsoft. “We are pushing the frontier across our entire AI stack to drive new value for our customers and partners.” “Microsoft Cloud revenue crossed $50 billion

[4] Microsoft FY26 Q1业绩

发布日期：2025-10-29

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_04.txt

Revenue was $77.7 billion and increased 18% (up 17% in constant currency) · Operating income was $38.0 billion and increased 24% (up 22% in constant currency) · Net income, on a GAAP basis, was $27.7 billion and increased 12%, and on a non-GAAP basis was $30.8 billion and increased 22% (up 21% in constant currency) · Diluted earnings per share, on a GAAP basis, was $3.72 and increased 13%, and on a non-GAAP basis was $4.13 and increased 23% (up 21% in constant currency) · Non-GAAP results exclude the impact from investments in OpenAI, explained in the Non-GAAP Definition section below “Our planet-scale cloud and AI factory, together with Copi

[5] Microsoft FY26 Q4电话会与FY27指引

发布日期：2026-07-29

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_05.txt

Therefore, at the total company level, revenue should be between $89.85 and $90.95 billion or growth of 16% to 17% with accelerating commercial growth partially offset by the impact from the PC market dynamics noted earlier. We expect COGS of $29.6 to $29.8 billion, or growth of 23% to 24%. And operating expense of $16.8 to $16.9 billion or growth of 7% to 8% driven by continued investment in R&D compute capacity and talent. Operating margins should be relatively flat year-over-year. Excluding any impact from our investments in OpenAI, other income and expense is expected to be roughly negative $100 million as interest income will be more tha

[6] Microsoft FY2025年报

发布日期：日期未确认

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_06.txt

Total revenue 281,724 245,122 211,915 Cost of revenue: Product 13,501 15,272 17,804 Service and other 74,330 58,842 48,059 Total cost of revenue 87,831 74,114 65,863 Gross margin 193,893 171,008 146,052 Research and development 32,488 29,510 27,195 Sales and marketing 25,654 24,456 22,759 General and administrative 7,223 7,609 7,575 Operating income 128,528 109,433 88,523 Other income (expense), net (4,901) (1,646) 788 Income before income taxes 123,627 107,787 89,311 Provision for income taxes 21,795 19,651 16,950 Net income $ 101,832 $ 88,136 $ 72,361 Earnings per share: Basic $ 13.70 $ 11.86 $ 9.72 Diluted $ 13.64 $ 11.80 $ 9.68 Weighted a

[7] 欧委会接受Microsoft Teams承诺

发布日期：2025-09-12

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_07.txt

The European Commission has accepted commitments from Microsoft to address EU competition concerns relating to its popular team collaboration platform Teams. These commitments will henceforth be legally binding under EU antitrust rules. The commitments address the Commission's concerns related to the tying of Microsoft Teams to the company's popular productivity applications Word, Excel, PowerPoint, Outlook, included in its Office 365 and Microsoft 365 suites for business customers. Under the commitments, Microsoft will (i) make available versions of these suites without Teams and at a reduced price; (ii) allow customers with long-term lice

[9] Yahoo MSFT分析师估计快照

发布日期：日期未确认

证据文件：/mnt/q/private/stock_site/data/batches/20260908/003_Microsoft/source_10.txt

| Avg. Estimate | 4.71 | 4.82 | 19.7 | 23.55 | | Low Estimate | 4.43 | 4.66 | 18.93 | 20.93 | | High Estimate | 4.83 | 5.02 | 20.7 | 26 | | Year Ago EPS | 4.13 | 4.14 | 17.28 | 19.7 | ### Earnings History | Currency in USD | 9/30/2025 | 12/31/2025 | 3/31/2026 | 6/30/2026 | |---|---|---|---|---| | EPS Est. | 3.66 | 3.92 | 4.07 | 4.24 | | EPS Actual | 4.13 | 4.14 | 4.27 | 4.74 | | Difference | 0.47 | 0.22 | 0.2 | 0.5 | | Surprise % | 12.73% | 5.69% | 4.90% | 11.81% | ### EPS Trend | Currency in USD | Current Qtr. (Sep 2026) | Next Qtr. (Dec 2026) | Current Year (2027) | Next Year (2028) | |---|---|---|---|---| | Current Estimate | 4.71 | 4.

[11] Microsoft FY2026 10-K：租赁现金流及长期义务

发布日期：2026-07-29

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/003_Microsoft/latest_10k.txt

Supplemental cash flow information related to leases was as follows: (In millions) Year Ended June 30, 2026 2025 2024 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,443 $ 4,931 $ 3,550 Operating cash flows from finance leases 2,547 1,372 734 Financing cash flows from finance leases 3,101 2,283 1,286 Right-of-use assets obtained in exchange for lease obligations: Operating leases 4,555 7,826 6,703 Finance leases 24,608 20,511 11,633 Supplemental balance sheet information related to leases was as follows: (In millions, except lease term and discount rate) June 30, 2026 2025 Operating Leases Operating lease right-of-use assets $ 24,177 $ 24,823 Other current liabilities $ 5,393 $ 5,424 Operating lease liabilities 16,532 17,437 Total operating lease liabilities $ 21,925 $ 22,861 Finance Leases Property and equipment, at cost $ 82,712 $ 53,876 Accumulated depreciation ( 15,431 ) ( 9,861 ) Property and equipment, net $ 67,281 $ 44,015 Other current liabilities $ 4,290 $ 3,172 Other long-term liabilities 62,304 43,000 Total finance lease liabilities $ 66,594 $ 46,172 Weighted Average Remaining Lease Term Operating leases 6 years 6 years Finance leases 13 years 13 years Weighted Average Discount Rate Operating leases 3.7 % 3.5 % Finance leases 4.5 % 4.2 % The following table outlines maturities of our lease liabilities as of June 30, 2026: (In millions) Year Ending June 30, Operating Leases Finance Leases 2027 $ 6,082 $ 7,121 2028 4,334 7,294 2029 3,146 6,668 2030 2,612 6,570 2031 2,316 6,543 Thereafter 6,216 55,490 Total lease payments 24,706 89,686 Less imputed interest ( 2,781 ) ( 23,092 ) Total $ 21,925 $

[12] Microsoft 9月2日8-K：FY27报告分部变更

发布日期：2026-09-02

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/003_Microsoft/recent_8k.txt

On September 2, 2026, Microsoft Corporation (the “Company”) posted presentation materials to its Investor Relations website titled “FY27 Segments and Investor Metrics” announcing a change in reportable segments and investor metrics. Beginning in fiscal year 2027, the Company will manage its operations under this updated reporting structure and report its financial performance based on two reportable segments: (1) Agents and Infra and (2) Devices and Consumer. A copy of the presentation materials is furnished as Exhibit 99.1 to this report. The exhibit furnished on this report under Regulation FD provides a description of our updated reporting structure and presents summary financial information and historical data on a basis consistent with the updated reporting structure. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, includin

[13] Microsoft FY27分部、指标重列及机械调整后的Q1指引

发布日期：2026-09-02

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/003_Microsoft/segments_exhibit.txt

FY27 Q1 Outlook We will report our FY27 Q1 results in the structure discussed on the prior slides. Therefore, we have provided mechanical adjustments only to our outlook as provided on July 29, 2026, for the changes discussed in this presentation. As provided on July 29, 2026 Foreign currency impact Decrease to total revenue growth by less than 1 point, with roughly 1 point in Productivity and Business Processes, less than 1 point in Intelligent Cloud, and no meaningful impact in More Personal Computing No meaningful impact to COGS or operating expense growth Total Company Revenue of $89.85 to $90.95 billion Productivity and Business Processes Revenue of $36.7 to $37.0 billion Intelligent Cloud Revenue of $40.95 to $41.25 billion More Personal Computing Revenue of $12.2 to $12.7 billion Cost of revenue COGS of $29.6 to $29.8 billion Operating expenses Expenses of $16.8 to $16.9 billion Other income and expense Expected to be roughly $(100) million excluding any impact from our investments in OpenAI Operating margin Expected to remain relatively flat year-over-year Effective tax rate Approximately 20% Capital expenditures Expected to be over $50 billion including the impact of the useful life update Adjusted Outlook Foreign currency impact Decrease to total revenue growth by less than 1 point, with roughly 1 point in Agents and Infra, and no meaningful impact in Devices and Consumer No meaningful impact to COGS or operating expense growth Total Company No change to outlook Agents and Infra Revenue of $75.15 to $75.75 billion Devices and Consumer Revenue of $14.7 to $15.2 billion Cost of revenue No change to outlook Operating expenses No change to outlook Other income and expense No change to outlook Operating margin No change to outlook Effective tax rate No change to outlook Capital expenditures No change to outlook  FY27 Q1 Outlook Detail As provided July 29, 2026 Commercial Business Commercial bookings Healthy growth on a growing expiry base when adjusted for OpenAI contracts in the prior year Microsoft Cloud gross margin percentage Relatively stable quarter-over-quarter Productivity and Business Processes Microsoft 365 Commercial cloud revenue Growth of approximately 15% in constant currency Growth of approximately 16% in constant currency when adjusting for prior-year in-period revenue recognition Microsoft 365 Commercial products revenue Growth in mid-single digits Microsoft 365 Consumer cloud revenue Growth in the mid-teens LinkedIn revenue Growth in high-single digits Dynamics 365 revenue Growth in low-teens Intelligent Cloud Azure and other cloud services revenue Growth of approximately 45% in constant curr

[14] Microsoft Foundry上线GPT-6 Astra（产品公告，非收入指引）

发布日期：2026-09-03

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/003_Microsoft/astra_full.txt

The next era of enterprise AI will not be defined by chat experiences. It will be defined by how well a model can work for and with you. GPT-6 Astra , OpenAI’s newest frontier model, is now generally available for all customers in Microsoft Foundry . It is designed to help organizations make decisions for complex work and execute across the applications and systems where your business operates. We are investing to make it easier for customers to use advanced technology like Astra. AI initiatives often slow down on identity, networking, governance, data handling, evaluation, and compliance. Microsoft Foundry brings these fundamentals together in Azure, helping teams move from experimentation to production with speed and trust. Turn open-ended goals into action Astra is built to take an open

[15] Reuters经Kitco转载：软件竞争担忧与9月8日市场

发布日期：2026-09-08

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/003_Microsoft/reuters_kitco_excerpt.txt

Salesforce (CRM.N), and Intuit (INTU.O), ‌fell about 4%, while ServiceNow (NOW.N), lost 5%. OpenAI's launch last week of its newest model, GPT-6 Astra, reignited speculation that AI could compete with services now offered by specialized software companies. The S&P 500 software and services index (.SPLRCIS), fell 1.4%, down for a second straight day. "Astra has kind of reignited the software disruption fears and it's resumed that old ​trend that we got used to for a while, where semiconductor stocks and data center capex beneficiaries do well, while software ​stocks do poorly," said Jed Ellerbroek, portfolio man

[16] SEC submissions索引：本次检查范围与最新披露时点

发布日期：2026-09-09（检索日，非每项申报日）

证据文件：/mnt/q/private/stock_site/data/batches/20260909/evidence/003_Microsoft/direct_submissions.txt

"filings": { "recent": { "accessionNumber": [ "0000789019-26-000186", "0000789019-26-000185", "0000789019-26-000184", "0000789019-26-000183", "0000789019-26-000182", "0000789019-26-000181", "0000789019-26-000180", "0000789019-26-000179", "0000789019-26-000178", "0000789019-26-000177", "0000789019-26-000176", "0000789019-26-000175", "0000789019-26-000161", "0001193125-26-380280", "0000789019-26-000159", "0000789019-26-000158", "0000789019-26-000157",

[17] MSFT Yahoo原始日线：2026-09-08完整交易日（本批原始响应）

发布日期：2026-09-08

证据文件：/mnt/q/private/stock_site/data/batches/20260909/market/MSFT-raw.json

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