Microsoft Corporation · MSFT · Next earnings

Microsoft Corporation reports Wednesday, Jan 27, 2027

MSFT reports after market close with consensus EPS at $4.87 and revenue at $96.61B. Last quarter: Microsoft: Cloud acceleration strengthens the AI investment case

Reports After market close83 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $4.87 Calendar consensus
Consensus revenue $96.61B Calendar consensus
Report date Jan 27, 2027 Wednesday, date estimated
Session After market close 83 days away

Where MSFT left off: FY2027 Q1

Full report

Microsoft: Cloud acceleration strengthens the AI investment case

EPS surprise +3.8% Reported $4.89 vs $4.71
Revenue surprise +1.8% Reported $92.28B vs $90.62B
Stock move -0.1% Event window
Subsequent drift 0.0% Up to 20 sessions

FY27 revenue guidance was maintained at $96–$97.1 billion, implying 18–19% growth; management also indicated capex above $50 billion in Q2.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Delayed third-party GPU deliveries could constrain capacity.
  • Token pricing and model-cost changes could pressure margins.
  • Competition from other AI providers and open-weight models could affect adoption and economics.

Questions analysts left open

  • Management’s 49–50% Azure growth guidance needs to be supported by sustained demand.
  • Token pricing and model mix could affect AI margins.
  • The timing of AI capacity spending, including third-party GPU delays, remains a key execution variable.

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Recent MSFT quarters

All MSFT earnings
-0.1%FY2027 Q1+15.5%FY2026 Q4-3.9%FY2026 Q3-10.0%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2027 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.