When does Microsoft report earnings on Wednesday? Here's how to tune in.

Core Insights - Microsoft is set to report its first-quarter earnings on October 29, alongside Meta and Alphabet, with Wall Street analysts expressing optimism about the company's performance [1][8] - The company achieved a market cap of $4 trillion after exceeding expectations in its last quarterly report, following Nvidia as the second company to reach this milestone [1] Financial Performance - In its last earnings report, Microsoft reported a 39% increase in sales, surpassing Wall Street's expectations of 34% [7] - The company anticipates capital expenditures exceeding $30 billion in the fiscal first quarter, with growth expected to reach double digits for the year [7] - Azure's business is projected to grow by 37% in the first quarter [7] AI and Cloud Expansion - Microsoft is significantly expanding its artificial intelligence initiatives, with Azure generating over $75 billion in the 2025 fiscal year [2] - The company has faced challenges in meeting cloud demand and is actively working to build AI data centers, having announced an $80 billion investment in AI for the year [3] Strategic Partnerships - Microsoft has reached an agreement with OpenAI, allowing the latter to go public, with OpenAI currently valued at $500 billion [4] - As part of this deal, Microsoft will hold a 27% stake in OpenAI Group PBC, valued at $135 billion [4] Market Expectations - Wall Street expects Microsoft to report adjusted earnings per share of $3.68 on revenue of $75.5 billion [8] - Microsoft's stock price increased nearly 2% on October 28, with a year-to-date rise of 29.50% [9]