FQ1 2027
not_trackedReported 2026-10-28 (after close) · reaction session 2026-10-29
No implied move was quoted for this print, so it is tracked on the guidance axis only.
| Guided | Range | Printed | Verdict |
|---|---|---|---|
| Azure growth, constant currency | 45% | 48% | Above |
A point guide of 45% in constant currency, set on July 29 above a 41.4% consensus. Microsoft's October 28 release put Azure revenue growth at 48%, with no currency effect, so 48% in constant currency: three points above its own guide and about six and a half above the street. The release now reports a line called Azure revenue, where the guide was given for Azure and other cloud services; this row treats them as the same metric, and that should be checked against the 10-Q.
Microsoft reported after the close on Wednesday, October 28, so the reaction session is Thursday, October 29. The guidance block was scored from that evening's release. No implied move is on the row because no preview on this site priced one; the October 26 week-ahead quoted 6.0% from October 18 prices, which is a hub figure struck ten days early, not a preview, so the row stays not_tracked on the move axis.
Our coverage of the print where it was issuedMicrosoft fiscal Q1 2027 earnings release, constant currency reconciliationTraders Agency, reporting the same 48% from the release and CNBC
- 2026-10-28: guidance.metrics[*].actual, Filled from Microsoft's October 28, 2026 release (Azure revenue +48%, 0% currency impact). Tier-1 coverage was not yet indexed at the time of the run; a secondary outlet citing CNBC reports the same 48%.