guidanceterminal
MSFT
Microsoft Corporation
GuidanceAnalysisEarningsNewsComments

  1. API exclusivity for Azure with OpenAI expected to continue until AGI or 2030.

    through 2030On track Initial

  2. Azure revenue growth expected at approximately 37% in constant currency.

    Q2'26On track Initial

  3. CapEx growth rates set to be higher in the first half than the second half

    H1'26–H2'26 Downgraded

  4. Capital expenditures total spend expected to increase sequentially on GPUs/CPUs demand and RPO growth.

    Q2'26On track Initial

  5. COGS projected to be $26.35B–$26.55B, reflecting AI mix and capacity adds.

    Q2'26On track Initial

    1. Commercial bookings expected to be positively impacted by new OpenAI Azure commitments announced.

      Q2'26On track Initial

    2. Devices revenue expected to decline year-over-year during the quarter.

      Q2'26On track Initial

    3. Dynamics 365 revenue growth expected in the mid- to high-teens.

      Q2'26On track Initial
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    1. Achieved on October 2025

      Azure revenue growth expected at approximately 37% in constant currency

      Q1'26On track Resolved

    2. Azure to remain capacity-constrained through the first half of the fiscal year despite additions

      H1'26 Reiterated
    3. Achieved on October 2025

      Capital expenditures expected to exceed $30B in the quarter driven by strong demand signals

      Q1'26On track Resolved
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    1. Achieved on July 2025

      AI infrastructure supply to remain a little tight as company exits fiscal year

      Q4'25On track Resolved

    2. Azure AI services capacity expected to face constraints as demand outpaces supply ramp

      beyond June 2025 Reiterated
    3. Achieved on July 2025

      Azure non-AI services to see ongoing impact from execution challenges in second half

      Q4 FY25On track Resolved
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    1. Missed on July 2025

      Azure capacity expected to be roughly in line with near-term demand

      FY25 year-endOn track Resolved
    2. Achieved on April 2025

      Azure revenue growth expected at 31%-32% in constant currency

      Q3'25On track Resolved
    3. Missed on April 2025

      Azure to remain AI capacity constrained before balancing supply and demand

      Q3'25On track Resolved
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    1. Achieved on January 2025

      AI business annualized revenue run rate expected to surpass $10B, fastest to milestone

      Q2'25On track Resolved
    2. Missed on April 2025

      AI infrastructure deliveries from third parties shifted to Q3, increasing available capacity

      Q3'25On track Resolved
    3. Achieved on January 2025

      Azure AI services contribution expected similar to last quarter due to capacity constraints

      Q2'25On track Resolved
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Disclaimer: We make every effort to ensure accuracy, but 100% accuracy is not guaranteed. Targets, deadlines, and outcomes may differ from actual company disclosures. Always review the company’s filings and consult a financial advisor before making any investment decisions.