Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. The reported revenue represents a surprise of +1.3% over the Zacks Consensus Estimate of $80.23 billion. With the consensus EPS estimate being $3.88, the EPS surprise was +6.84%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Financial Data and Key Metrics Changes - Revenue for the quarter was $81.3 billion, up 17% year-over-year and 15% in constant currency [24] - Gross margin dollars increased by 16% and 14% in constant currency, while operating income rose by 21% and 19% in constant currency [24] - Earnings per share was $4.14, an increase of 24% and 21% in constant currency when adjusted for the impact from the investment in OpenAI [24] - Company gross margin percentage was 68%, slightly down year-over-year due to investments in AI infrastructure [25] - Operating expenses increased by 5% and 4% in constant currency, driven by R&D investments [25] Business Line Data and Key Metrics Changes - Microsoft Cloud revenue reached $51.5 billion, growing 26% and 24% in constant currency [30] - Revenue from productivity and business processes was $34.1 billion, growing 16% and 14% in constant currency [30] - M365 Commercial Cloud revenue increased by 17% and 14% in constant currency, with strong contributions from Copilot results [30] - Dynamics 365 revenue increased by 19% and 17% in constant currency, with growth across all workloads [31] - More Personal Computing revenue was $14.3 billion, declining by 3% [34] Market Data and Key Metrics Changes - Commercial bookings increased by 230% and 228% in constant currency, driven by large Azure commitments from OpenAI [28] - Commercial remaining performance obligation increased to $625 billion, up 110% year-over-year [29] - Microsoft Cloud gross margin percentage was slightly better than expected at 67% [30] - LinkedIn revenue increased by 11% and 10% in constant currency, driven by marketing solutions [31] Company Strategy and Development Direction - The company is focusing on AI diffusion and its impact on GDP, with a substantial growth in total addressable market (TAM) across the tech stack [5] - Investments are being made in AI infrastructure and high-value agentic experiences, with a focus on optimizing for long-term competitiveness [5][9] - The introduction of Agent 365 aims to extend governance and security controls to agents built on the cloud [14] - The company is committed to expanding its global footprint and sovereignty solutions to meet local data residency needs [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for cloud services, with expectations of continued strong growth across commercial businesses [24][38] - The company anticipates revenue growth of 15%-17% for the next quarter, with a focus on balancing supply and demand [37] - Management highlighted the importance of investing in R&D and AI talent to drive future growth [49] Other Important Information - Capital expenditures for the quarter were $37.5 billion, with a significant portion allocated to short-lived assets like GPUs and CPUs [26] - Cash flow from operations was $35.8 billion, up 60%, driven by strong cloud billings [27] - The company returned $12.7 billion to shareholders through dividends and share repurchases, an increase of 32% year-over-year [27] Q&A Session Summary Question: Concerns about CapEx growth and Azure revenue - An investor raised concerns about the correlation between CapEx spending and Azure revenue growth, seeking clarity on ROI from these investments [47] - Management responded by emphasizing that CapEx is aimed at meeting increased demand for Azure and supporting long-term R&D and product innovation [48][49] Question: Understanding CapEx investment duration and revenue capture - Another investor inquired about the relationship between hardware CapEx investment and revenue, particularly regarding AI-centric investments [56] - Management clarified that much of the capital being spent is already contracted for its useful life, reducing associated risks [58] Question: Concerns about OpenAI exposure - An investor asked about the durability of the backlog related to OpenAI and its implications for the company [65] - Management highlighted the breadth and diversification of their portfolio, expressing confidence in the partnership with OpenAI [66][67] Question: Capacity additions and future growth - An investor sought comments on the magnitude of capacity additions, particularly in relation to specific sites [71] - Management indicated that they are working hard to add capacity globally and emphasized the need for efficient operations [72] Question: Performance of Maia 200 accelerator - An investor asked about the significance of the Maia 200 accelerator's performance and its implications for gross margins [77] - Management expressed excitement about the progress with Maia 200 and its potential to optimize costs and performance [78][80]

本文源自：金融界AI电报 微软：按固定汇率计算，第三财季Azure及其他云服务收入增长预期为37%至38%。 ...

当地时间1月28日，微软发布第二财季财报显示，营收812.7亿美元，其中智能云业务营收329.1亿美元， 生产力和商业流程业务营收341.2亿美元；第二季度调整后每股收益4.14美元。微软盘后跌超7%。 ...

格隆汇1月29日｜微软(MSFT.US)的股价盘后一度下跌8%，尽管这家科技巨头公布了超出预期的第二财 季业绩。微软公布的调整后每股收益为4.14美元，营收为813亿美元。FactSet调查的分析师此前预计每 股收益为3.91美元，营收为803亿美元。投资者可能是在对该公司在Azure云服务方面的业绩做出反应。 该季度Azure的营收增长了39%。这一数据超过了华尔街预期的37.8%，但较第一财季40%的增速略有下 降。 ...

Core Viewpoint - Samsung Electronics reported a significant increase in operating profit, which more than tripled to a record high of 20 trillion won ($13.98 billion) in the fourth quarter, driven by the growing demand for artificial intelligence technologies [1] Financial Performance - The operating profit reached 20 trillion won, marking a substantial increase compared to previous quarters [1] - The growth in profit is attributed to the intensified competition in the artificial intelligence sector, which has led to increased investments and demand for related technologies [1]

Core Insights - Microsoft is significantly benefiting from its investment in OpenAI, reporting a net income increase of $7.6 billion attributed to this investment [1] - OpenAI is experiencing unprecedented revenue growth and is reportedly seeking additional funding at a valuation between $750 billion and $830 billion [2] Investment and Financial Performance - Microsoft has invested over $13 billion in OpenAI and has a 20% revenue share agreement with the AI lab [2] - OpenAI has committed to purchasing an additional $250 billion of Azure services, contributing to Microsoft's "commercial remaining performance obligations," which rose to $625 billion from $392 billion in the previous quarter, with 45% of this increase attributed to OpenAI [3] Revenue Growth and Future Prospects - Microsoft reported $81.3 billion in revenue for the quarter, exceeding Wall Street expectations of $80.27 billion, marking a 17% year-over-year increase [7] - Microsoft Cloud revenue reached $50 billion for the first time this quarter, with all business units showing double-digit growth except for Windows devices and Xbox content and services [7] Strategic Investments - Microsoft is investing heavily in AI infrastructure, spending $37.5 billion on capital expenditures in the quarter, primarily for GPUs and CPUs for Azure [5] - The company also announced a $5 billion investment in Anthropic, which is expected to enhance future revenue through commercial bookings that grew by 230% [4]

Meta stock price today: Meta shares surged more than 9% in extended trading on Wednesday after the company delivered a strong fourth-quarter earnings report that beat Wall Street expectations, while also laying out a sharply higher spending plan tied to its AI ambitions.Meta Stock Jumps After Earnings Beat and AI Spending OutlookMeta Platforms (META) reported earnings per share of $8.88 on revenue of $59.9 billion, topping analysts’ expectations of $8.16 in EPS and $58.4 billion in revenue, as per Bloomberg ...

【加密货币】比特币徘徊在8.9万美元附近，以太坊徘徊在3000美元附近。 【金属】黄金日内大涨220美元 创下单日涨幅之最。现货黄金首次突破5400美元/盎司，日内暴涨220美 元。纽约期金现报5393美元/盎司，日内上涨约310美元，均创下单日最大上涨幅度。 【原油】原油升至四个月高点，美国总统特朗普威胁将再次打击伊朗，敦促德黑兰进行磋商以达成核协 议。WTI 3月期货价格上涨1.3%，结算价报每桶63.21美元；布伦特3月期货结算价上涨1.2%，报每桶 68.40美元。 【宏观消息】 美联储如期维持利率不变 沃勒和米兰投下反对票。美联储今日维持利率不变，理由是通胀仍处于较高 水平且经济增长稳健。政策声明几乎未就何时再次降息给出线索。美联储以10票赞成、2票反对的结 果，决定将基准利率维持在3.50%—3.75%区间。声明表示："经济活动持续以稳健步伐扩张。"理事沃 勒以及米兰投下反对票，主张降息25个基点。声明未就下一次降息的时间释放任何信号，仅指出"进一 步调整"的幅度和时点将取决于后续数据和经济前景。与此同时，美联储称通胀"仍然略高"，而就业市 场"已显现出一些企稳迹象"。尽管美联储指出"就业增长仍然 ...

| Microsoft Second Quarter Fiscal Year 2026 Results Microsoft 2 Financial Summary and Highlights Commercial Highlights Agenda Segment Overview and Highlights Appendix All growth comparisons in this presentation relate to the corresponding period of last fiscal year unless otherwise noted. Numbers may not foot due to rounding FY26 Q2 Financial Summary | | | GAAP and CC results | | | Non-GAAP and CC results | | | --- | --- | --- | --- | --- | --- | --- | | ($ in billions, except per share amounts) | FY26 Q2 | ...