Microsoft reported earnings per share of $4.89 against an estimate of $4.72, and revenue of $92.28 billion against an estimate of $90.62 billion, beating on both measures. Shares traded at $544.94 after hours, up 2.62% against the prior close of $531.01, putting the company's market value at $3.94 trillion.
Source: Trades in the regular session and after hours, against the close · as of October 28, 2026 at 6:45 PM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $4.89 | $4.72 | Beat |
| Revenue | $92.28 billion | $90.62 billion | Beat |
Source: Company earnings report and sell-side analyst consensus estimates · as of October 28, 2026 at 6:45 PM ET · Reported after the close on Wednesday, October 28, 2026.
Against the quarters before
Microsoft has beaten estimates in each of the last four quarters listed. In July 2026, it posted EPS of $4.74 versus $4.24 expected on revenue of $90.01 billion. In April 2026, EPS came in at $4.27 against $4.06 expected with revenue of $82.89 billion. In January 2026, EPS was $4.14 versus $3.90 expected on revenue of $81.27 billion, and in October 2025, EPS reached $4.13 against $3.67 expected with revenue of $77.67 billion.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| July 29, 2026 | $4.74 | $4.24 | $90.01 billion | Beat |
| April 29, 2026 | $4.27 | $4.06 | $82.89 billion | Beat |
| January 28, 2026 | $4.14 | $3.90 | $81.27 billion | Beat |
| October 29, 2025 | $4.13 | $3.67 | $77.67 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Shares moved to $544.94 after hours, a gain of 2.62% against the $531.01 close. CNBC reported that Microsoft began disclosing Azure cloud revenue in dollars with this report, and that executives were set to discuss results and issue guidance on a call starting at 5:30 p.m. ET; no specific guidance figures were included in that reporting.
| Measure | Value |
|---|---|
| Last close | $531.01 |
| Price | $544.94 |
| Change | +2.62% |
Source: Extended-hours trades against the regular close · as of October 28, 2026 at 6:45 PM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Advanced Micro Devices, WEC Energy Group, Constellation Energy, Vertiv Holdings and NiSource as suppliers to Microsoft, while GoDaddy, Roper Technologies and CDW are listed as customers. This chain spans chipmakers and power providers on one side and software and technology resellers on the other, reflecting Microsoft's reliance on both computing hardware and energy infrastructure to run its cloud and AI operations.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Advanced Micro Devices | Supplier | AMD | +3.24% |
| WEC Energy Group | Supplier | WEC | -0.83% |
| Constellation Energy | Supplier | CEG | -0.35% |
| GoDaddy | Customer | GDDY | +0.31% |
| Roper Technologies | Customer | ROP | +1.42% |
| CDW | Customer | CDW | +0.77% |
| Vertiv Holdings Co | Supplier | VRT | +16.48% |
| NiSource | Supplier | NI | +0.62% |
Source: Relationships named in company filings (Earnings call transcript; SEC 10-K annual report); stock quotes · as of October 28, 2026 at 6:45 PM ET · Named in filings; a neighbour's move is not evidence of a link to this report.