MSFT
Microsoft Corporation
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Microsoft Corporation.
Coverage
The Non-Linear Rise of AI Tokens: Why Cheaper Intelligence Creates More Demand
Token prices are collapsing while usage is exploding. The reason is a sequence of demand regimes—from chat to coding agents to persistent multi-agent systems—enabled by waves of new inference capacity.
GitHub Was Microsoft's Best Acquisition. SpaceX Just Shipped Cursor's First Gem At It.
Microsoft paid $7.5B for GitHub in 2018 and got the default home of the world's code. Eight years later it is a division of CoreAI running 30 hours of declared incidents in a single month, and Cursor — bought by SpaceX for $60B four days earlier — shipped Origin during the outage. GitHub is under 1% of Microsoft's revenue and roughly half of SpaceX's.
The AI Capex Bet, Six Months In: What the Mag 7 Actually Spent (and What the Market Learned)
Our February call was a $700B AI capex arms race. Six months and a full Q2 earnings season later, actual guidance has blown past that number, free cash flow is cratering at multiple hyperscalers, and the market has started rewarding capex very differently depending on who's spending it. Here's what changed.
Microsoft Q4 FY2026: Azure Hits 43% Growth, Stock Jumps 8.9% — the Hyperscaler That Got It Right
Microsoft beat on every major line, Azure grew 43% and crossed $100B in annual revenue, and the stock rose nearly 9% the same week Alphabet and Meta fell on their own capex numbers. We unpack the real beat, the accounting nuance behind 'lower' capex, and why the market treated Microsoft differently.
The $700B AI Bet: Inside the Mag 7's Record 2026 CapEx Arms Race
The Magnificent Seven are set to spend $700B+ on AI infrastructure in 2026, up 60% from 2025. We break down who's spending what, the supply chain winners, and why the market is spooked.
Microsoft Neutral Bias
Lower highs/lows, counter-trend bounces failing; momentum weak; loss of 420 opens deeper downside.
Latest: $90.01B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $37.15B |
| 2020Q4 | $43.08B |
| 2021Q1 | $41.71B |
| 2021Q2 | $46.15B |
| 2021Q3 | $45.32B |
| 2021Q4 | $51.73B |
| 2022Q1 | $49.36B |
| 2022Q2 | $51.87B |
| 2022Q3 | $50.12B |
| 2022Q4 | $52.75B |
| 2023Q1 | $52.86B |
| 2023Q2 | $56.19B |
| 2023Q3 | $56.52B |
| 2023Q4 | $62.02B |
| 2024Q1 | $61.86B |
| 2024Q2 | $64.73B |
| 2024Q3 | $65.58B |
| 2024Q4 | $69.63B |
| 2025Q1 | $70.07B |
| 2025Q2 | $76.44B |
| 2025Q3 | $77.67B |
| 2025Q4 | $81.27B |
| 2026Q1 | $82.89B |
| 2026Q2 | $90.01B |
Latest: $4.81 (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $1.82 |
| 2020Q4 | $2.03 |
| 2021Q1 | $2.03 |
| 2021Q2 | $2.17 |
| 2021Q3 | $2.71 |
| 2021Q4 | $2.48 |
| 2022Q1 | $2.22 |
| 2022Q2 | $2.24 |
| 2022Q3 | $2.35 |
| 2022Q4 | $2.20 |
| 2023Q1 | $2.45 |
| 2023Q2 | $2.68 |
| 2023Q3 | $2.99 |
| 2023Q4 | $2.93 |
| 2024Q1 | $2.94 |
| 2024Q2 | $2.94 |
| 2024Q3 | $3.30 |
| 2024Q4 | $3.23 |
| 2025Q1 | $3.46 |
| 2025Q2 | $3.65 |
| 2025Q3 | $3.72 |
| 2025Q4 | $5.16 |
| 2026Q1 | $4.27 |
| 2026Q2 | $4.81 |
Latest: 22.0 (2026Q1)
| Period | Value |
|---|---|
| 2020Q2 | 33.8 |
| 2020Q3 | 32.5 |
| 2020Q4 | 31.8 |
| 2021Q1 | 30.9 |
| 2021Q2 | 32.4 |
| 2021Q3 | 30.5 |
| 2021Q4 | 34.7 |
| 2022Q1 | 31.2 |
| 2022Q2 | 25.9 |
| 2022Q3 | 24.4 |
| 2022Q4 | 26.0 |
| 2023Q1 | 30.6 |
| 2023Q2 | 34.5 |
| 2023Q3 | 30.1 |
| 2023Q4 | 33.5 |
| 2024Q1 | 36.0 |
| 2024Q2 | 37.4 |
| 2024Q3 | 35.2 |
| 2024Q4 | 33.7 |
| 2025Q1 | 28.9 |
| 2025Q2 | 36.3 |
| 2025Q3 | 36.8 |
| 2025Q4 | 30.2 |
| 2026Q1 | 22.0 |
Latest: $19.64B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $14.43B |
| 2020Q4 | $8.34B |
| 2021Q1 | $17.09B |
| 2021Q2 | $16.26B |
| 2021Q3 | $18.73B |
| 2021Q4 | $8.62B |
| 2022Q1 | $20.05B |
| 2022Q2 | $17.76B |
| 2022Q3 | $16.91B |
| 2022Q4 | $4.90B |
| 2023Q1 | $17.83B |
| 2023Q2 | $19.83B |
| 2023Q3 | $20.67B |
| 2023Q4 | $9.12B |
| 2024Q1 | $20.96B |
| 2024Q2 | $23.32B |
| 2024Q3 | $19.26B |
| 2024Q4 | $6.49B |
| 2025Q1 | $20.30B |
| 2025Q2 | $25.57B |
| 2025Q3 | $25.66B |
| 2025Q4 | $5.88B |
| 2026Q1 | $15.80B |
| 2026Q2 | $19.64B |
Latest: $7,425,629,076.00 (2026Q2)
| Period | Value |
|---|---|
| 2018Q3 | $7,683,197,503.00 |
| 2019Q1 | $7,676,218,736.00 |
| 2019Q2 | $7,672,213,446.00 |
| 2019Q3 | $7,662,817,920.00 |
| 2020Q1 | $7,628,805,618.00 |
| 2020Q2 | $7,606,047,010.00 |
| 2020Q3 | $7,583,440,247.00 |
| 2021Q1 | $7,560,495,969.00 |
| 2021Q2 | $7,542,215,767.00 |
| 2021Q3 | $7,531,574,551.00 |
| 2022Q1 | $7,507,980,444.00 |
| 2022Q2 | $7,496,866,428.00 |
| 2022Q3 | $7,479,033,135.00 |
| 2023Q1 | $7,454,473,144.00 |
| 2023Q2 | $7,443,803,533.00 |
| 2023Q3 | $7,435,487,575.00 |
| 2024Q1 | $7,432,262,329.00 |
| 2024Q2 | $7,430,436,229.00 |
| 2024Q3 | $7,432,305,794.00 |
| 2025Q1 | $7,434,880,776.00 |
| 2025Q2 | $7,433,982,235.00 |
| 2025Q3 | $7,432,543,865.00 |
| 2026Q1 | $7,432,377,655.00 |
| 2026Q2 | $7,425,629,076.00 |
Latest: $675.46B (2026Q2)
| Period | Value |
|---|---|
| 2020Q3 | $296.47B |
| 2020Q4 | $304.81B |
| 2021Q1 | $321.90B |
| 2021Q2 | $338.16B |
| 2021Q3 | $356.89B |
| 2021Q4 | $365.51B |
| 2022Q1 | $385.55B |
| 2022Q2 | $403.31B |
| 2022Q3 | $420.23B |
| 2022Q4 | $425.12B |
| 2023Q1 | $442.96B |
| 2023Q2 | $462.79B |
| 2023Q3 | $483.45B |
| 2023Q4 | $492.57B |
| 2024Q1 | $513.53B |
| 2024Q2 | $536.86B |
| 2024Q3 | $556.11B |
| 2024Q4 | $562.60B |
| 2025Q1 | $582.90B |
| 2025Q2 | $608.47B |
| 2025Q3 | $634.13B |
| 2025Q4 | $640.01B |
| 2026Q1 | $655.82B |
| 2026Q2 | $675.46B |
Latest results
Company History
Bill Gates and Paul Allen established Microsoft on April 4, 1975, in Albuquerque, New Mexico, to market BASIC interpreters for the Altair 8800.
Released Windows 1.0 as graphical extension for MS-DOS, establishing Windows line.
Went public on March 13, 1986, with IPO on NASDAQ, raising capital and creating billionaires/millionaires.
Launched Windows 95 with multitasking, new interface, and 32-bit compatibility—massive success.
Bill Gates stepped down as CEO, handing to Steve Ballmer; Gates became Chief Software Architect.
Acquired Skype Technologies for largest corporate deal at the time, enhancing communication.
Nadella succeeded Ballmer, redirecting toward cloud and enterprise.
Purchased LinkedIn for $26.2 billion, expanding professional networking.
Completed $68.7 billion acquisition, bolstering gaming division.
Deepened partnership with OpenAI, integrating GPT into Bing, Office, and Azure.
Key Players
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