智通财经APP获悉，微软(MSFT.US)2025财年第四季度业绩超市场预期，营收达764.4亿美元(预期738.3 亿美元)，同比增长18%，创近三年最快增速;每股收益3.65美元(预期3.38美元)。净利润从上年同期的 220.4亿美元增至272.3亿美元。财报发布后，股价盘后大涨8%，市值逼近4.1万亿美元，成为继英伟达 后第二家触及4万亿美元市值的公司。 Azure 云计算业务在周三又迎来了一个业绩辉煌的季度，其营收远超华尔街预期，同时也展示了其在大 规模人工智能投资方面的丰厚回报。 展望未来，微软预计第一财季的营收将在 747 亿美元至 758 亿美元之间，中间值 752.5 亿美元超过了 740.9 亿美元的预期值。该公司预计第一财季的预期营业利润率高达 46.6%，高于 StreetAccount 调查 的分析师们所预测的 45.7%的水平。 分析指出，微软的表现极为出色，实现了强劲的双位数增长，其营收较此前的庞大基数增长了 18%， 这一增长主要得益于 Azure 业务营收的 39%大幅增长。运营杠杆效应使得利润率有所提升，这也是每 股收益较一年前增长超过 20%的原因。尽管过去一个季度的资本 ...

*三大股指分化，纳指涨0.15%； 【美联储按兵不动！美股盘中跳水，#微软跻身4万亿美元市值俱乐部#】 *美联储主席鲍威尔称，尚未决定9月会议结果； *美国二季度GDP增长3%。 周三美股涨跌互现， 美国二季度GDP好于预期，投资者关注美联储决议和大型科技股财报。截至收 盘，道指下跌0.38%，至44461.28点，纳指上涨0.15%，收于21129.67点，而标普500指数下跌0.12%，收 于6362.90点。 美联储公布利率决议，维持联邦基金利率不变，符合市场预期。美联储主席鲍威尔表示，9月是否降息 尚未作出决定，美联储需要确保关税因素不会从一次性的价格上涨变成真正的持续通胀问题。 微软二季度营收764.4亿美元，同比增长18%，市场预期738.9亿美元。每股收益（EPS）3.65美元，同比 增长24%，市场预期3.37美元。 ...

25财年Q4营收764亿美元，同比增长18%，超过市场预期738.91亿美元；净利润272亿美元，同比增长 24%，每股收益3.65美元，上年同期2.95美元。 美东时间7月30日美股盘后，微软公布截至自然年2026年6月30日的公司2025财年第四财季（第二季度） 财务数据。 微软第四财季智能云部门的营收为298.78亿美元，与上年同期的237.85亿美元相比增长 26%，不计入汇率变动的影响为同比增长25%；运营利润为121.40亿美元，与上年同期的 98.35亿美元相比实现增长。 在这一部门内部，服务器产品和云服务营收同比增长27%，主要由于受到Azure和其他云服务营收同比 增长39%的推动。 微软第四财季更多个人计算业务的营收为134.51亿美元，而上年同期为123.15亿美元，同比 增长9%；运营利润为31.90亿美元，与上年同期的23.84亿美元相比实现增长。 在这一部门内部：（1）Windows OEM（原始设备制造）和设备营收同比增长3%；（2）Xbox内容和服 务营收同比增长13%，不计入汇率变动的影响为同比增长12%；（3）搜索和新闻广告营收（除去流量 获取成本）同比增长21%，不计入汇 ...

Core Insights - Microsoft reported its highest quarterly revenue growth in a year and a half for Q2, with a revenue increase of 18% year-over-year, surpassing analyst expectations of 13% [5][12] - The company's earnings per share (EPS) grew by 24%, exceeding analyst predictions of 3.37 USD, reflecting strong performance driven by AI applications and cloud consumption [6][12] - Azure and other cloud services saw a remarkable revenue growth of 39%, marking the highest growth rate in two and a half years, with Azure's annual revenue exceeding 75 billion USD, up 34% [11][14] Financial Data - Q2 revenue reached 76.44 billion USD, a year-over-year increase of 18%, compared to 13% in the previous quarter [5][12] - Q2 diluted EPS was 3.65 USD, a 24% increase year-over-year, up from 17.7% in Q1 [6][12] - Operating profit for Q2 was 34.3 billion USD, reflecting a 23% year-over-year growth [7] - Net profit for Q2 was 27.2 billion USD, also up 24% year-over-year [8] Segment Performance - Commercial cloud revenue, including Office and Azure, was 46.7 billion USD, a 27% increase year-over-year [9] - Intelligent cloud revenue, which includes Azure, was 29.9 billion USD, growing 26% year-over-year [9] - Productivity and business processes revenue, including Microsoft 365 Copilot AI tools, reached 33.1 billion USD, up 16% year-over-year [10] - More personal computing revenue, including Windows and Xbox, was 13.5 billion USD, a 9% increase year-over-year [10] Capital Expenditure - Q2 capital expenditures reached a record 24.2 billion USD, a 27% increase year-over-year, reversing a decline from the previous quarter [8][14] - The capital expenditure growth of 13% in Q2 indicates a strong investment in AI and cloud infrastructure, alleviating concerns about a slowdown in spending [14]

Core Viewpoint - Microsoft reported strong financial results for Q4 and the full fiscal year 2025, driven by significant growth in its cloud business and overall revenue increases across various segments [1][2][4]. Financial Performance - Q4 total revenue reached $76.441 billion, an 18% increase from $64.727 billion year-over-year, with a 17% increase when adjusted for constant currency [1][4]. - Net profit for Q4 was $27.233 billion, up 24% from $22.036 billion year-over-year, with a 22% increase on a constant currency basis [1][5]. - For the full fiscal year 2025, total revenue was $281.724 billion, a 15% increase from $245.122 billion in fiscal year 2024 [1]. - Full-year net profit was $101.832 billion, a 16% increase from $88.136 billion in the previous year [1]. Segment Performance - Productivity and Business Processes segment revenue was $33.112 billion, a 16% increase from $28.627 billion year-over-year [4]. - Intelligent Cloud segment revenue was $29.878 billion, a 26% increase from $23.785 billion year-over-year, with Azure and other cloud services revenue growing by 39% [4][6]. - More Personal Computing segment revenue was $13.451 billion, a 9% increase from $12.315 billion year-over-year [4]. Shareholder Returns - Microsoft returned $9.4 billion to shareholders through dividends and stock buybacks in Q4 [5]. Stock Performance - Following the earnings report, Microsoft's stock price surged over 7% in after-hours trading, reaching $551.50 [3].

*美国二季度GDP增长3%。 周三美股涨跌互现， 美国二季度GDP好于预期，投资者关注美联储决议和大型科技股财报。截至收 盘，道指下跌0.38%，至44461.28点，纳指上涨0.15%，收于21129.67点，而标普500指数下跌0.12%，收 于6362.90点。 Meta，微软盘后公布利好业绩。美联储公布利率决议，维持联邦基金利率不变，符合市场预期。美联 储主席鲍威尔表示，9月是否降息尚未作出决定。 *三大股指分化，纳指涨0.15%； *美联储主席鲍威尔称，尚未决定9月会议结果； Meta表示，第三季度的总收入预计为475亿至505亿美元，而分析师的平均估计为461.7亿美元。2025年 全年支出将在660亿美元至720亿美元之间。 Meta预计，2026年总支出和资本支出都将大幅增加，主要原因是基础设施成本上升和支持人工智能计 划的持续投资。 Meta CEO扎克伯格表示，Meta能够依赖其稳定的广告业务，为扩大AI市场份额提供充足资金支持。受 利好财报提振，公司股价盘后一度涨超11%。 微软二季度营收764.4亿美元，同比增长18%，市场预期738.9亿美元。每股收益（EPS）3.65美元，同比 增 ...

人民财讯7月31日电，微软第四财季营收764.4亿美元，同比增长18%，其中智能云业务营收298.8亿美 元。第四财季净利润达272亿美元，同比增长24%，每股收益3.65美元，上年同期2.95美元。 ...

智通财经7月31日电，微软首席财务官称，第一财季资本支出预计超过300亿美元。 ...

预计第一财季Azure增速为37%，那将高于预期。 微软CFO：预计第一财季资本开支将超过300亿美元。 ...

Core Insights - Microsoft has reported that the total number of monthly active users for its Copilot series applications has exceeded 100 million, covering both business and consumer sectors [1] Company Summary - The Copilot series applications have achieved significant user adoption, indicating strong market demand and potential for further growth in both commercial and consumer markets [1]