Stocks.

·Cloud platforms

Microsoft Corporation

$442.09
+0.84%

16 of 22

Prev close $438.41H $443.00L $432.00Start of last 10 sessionsLatest
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Azure + Copilot are the operating leverage on enterprise AI.

$3.29T

2 of 22

36.8

2 of 2in sector

Azure YoY
+29%
Op margin
44.6%

1 of 2in sector

FCF (TTM)
$74.1B
More angles · 6

The headline metrics above sit at the top because they're what most readers glance at first. These six dimensions are where a tech-focused study actually lives — capital intensity, margin trajectory, concentration risk, and the per-sub-sector quality metrics this kind of business is judged on.

11.8%
30.0%
27.3%

AI data centre build — meaningfully above historical 12-15%

4.5%
$259B

the backlog underwriting Azure growth

3yr rev CAGR
+12%
Track in portfolio Back to feed

Stands out in coverage

Where MSFT leads — and where it trails — the rest of coverage

2 callouts

Leads

  • Best Op margin44.6%in Software / Cloud vs 1 peer

Trails

  • Highest P/E36.8in Software / Cloud vs 1 peer

Fundamental rows (P/E, margins, growth) rank MSFT against same-sector peers that disclose the metric — a high P/E means different things in different sectors, so the comparison stays within one. Sectors with only one ticker in coverage fall back to the full catalog so the chip isn't silently dropped. Market cap and today's move stay coverage-wide — those are positional summaries, not quality reads. Direction (higher- or lower-is-better) is editorial; rows we don't have a confident direction on are skipped. Structural ranking, not individualised investment advice.

What changed on the call

How management's posture shifted from FY26-Q2 to FY26-Q3

2 quarters
Tone
balancedconstructive
Guidance
maintainedraised FY rev guide

This quarter · FY26-Q3

Called 2026-04-29

Azure growth re-accelerated on AI workloads, and management quantified the AI contribution more cleanly than the prior cycle. Capex was framed as still front-loaded but increasingly visible in revenue. Commercial bookings — particularly large-volume Azure commitments — were cited as the leading indicator that surprised positively.

  • Azure growth reported above prior trailing rate; AI services called out as the biggest contributor.
  • Capex characterised as continuing to ramp, but management connected it more directly to commercial bookings already on the books.
  • Copilot attach rate to E5 seats discussed for the first time with a specific percentage range.
  • Gaming line de-emphasised in the prepared remarks; commentary focused on cloud and AI services.

Prior · FY26-Q2

Called 2026-01-30

Azure growth held but did not accelerate; AI services contribution was described as on plan rather than ahead. Capex was the central question, with management defending the pace while acknowledging the gap between spend and revenue recognition. Commercial demand strong, with bookings up but the largest deals lumpier than usual.

  • Azure growth in line with prior; analysts pressed on AI capacity vs. demand — management said capacity-constrained on AI SKUs.
  • Capex called the most important number; management committed to multi-year visibility from commercial bookings already signed.
  • Copilot enterprise adoption framed qualitatively only; analysts pushed for a metric, management declined.
  • Gaming flagged a mixed quarter; cloud and commercial framed as the durable engine.
New this quarter
azure re-accelerationai contribution quantifiedcommercial bookingscopilot attach ratecapex visibility
Dropped from prior
azure ai capacity-constrainedcapex defensecommercial bookings lumpycopilot adoption qualitativegaming mixed

Publisher summary. Structured editorial commentary, not a verbatim transcript.

Investor page ↗

Recent insider activity

5 insider buys on the tape

· last 6 weeks

5 distinct insiders bought MSFT in the last 30 days — the multi-buyer pattern that historically reads more durably than any single buy on its own.

Net 30-day flow
+$4.7M

Buys outweigh sells

Distinct insiders
5

5 buying · 0 selling

Of which planned
—

share of selling

Latest filings

  • Elena Petrova · Chief Product Officer

    Filed May 11, 2026

    +$1.2M

    Buy5.8K sh

  • Sofia Alvarez · EVP Engineering

    Filed May 4, 2026

    +$1.2M

    Buy5.7K sh

  • Marcus Whitfield · Director

    Filed Apr 26, 2026

    +$1.2M

    Buy5.6K sh

  • Priya Ramesh · Director

    Filed Apr 21, 2026

    +$1.2M

    Buy5.6K sh

  • Daniel O'Connor · General Counsel

    Filed Apr 15, 2026

    +$1.3M

    Buy6.0K sh

Public Form 4 record. Plan-scheduled sales () are flagged so they don't read as conviction sales.

EDGAR ↗

& borrow

Short interest sits in the unremarkable band for MSFT

Unremarkable
5.14%

Moderate

1.9d

Very liquid

6.4%

flatAbove normal

24%

Ample supply

Public short-interest disclosure (Reg SHO) and securities-lending read. The pressure label is publisher commentary, weighted into the verdict — not a directional call.

FINRA ↗

Government activity

MSFT carries an anchor-tier federal contract book

Anchor federal book

footprint

Cumulative U.S. government awards on record total $980M — an anchor-tier federal contract book that reads as structural recurring revenue (security clearance, FedRAMP authorisation, and multi-year IDIQ vehicles are all moats that take years to replicate).

$980M

Material

Net congressional flow
+$208K

Net buying

Disclosures
2

2 buys · 0 sells

Recent STOCK Act disclosures

  • Rep. Sample Member-C · House

    Traded May 6, 2026

    +$100,001–$250,000

    Buy

  • Sen. Sample Member-F · Senate

    Traded Apr 26, 2026

    +$15,001–$50,000

    Buy

Public-record STOCK Act disclosures and federal contract awards. The pattern label is publisher commentary on the data — apolitical and not a directional call.

Quiver ↗

& positioning

Call-side conviction on MSFT — premium is leaning bullish

Bullish conviction

Call-side conviction

Notable call-side prints account for $10.8M of $10.8M in total premium on MSFT — the kind of one-sided tape that reads as institutional positioning for upside. Cuts both ways: large prints can also hedge an existing book, so the size matters more than the single print.

$10.8M

4 notable prints — active tape

75% / 25%

Call-leaning

Bull / bear premium
100% / 0%

Bullish-tagged dominant

Largest single print
$2.74M

Large block

Largest prints · MSFT

  • MSFT 2026-06-19 P187

    PUT·bullish·2026-05-10

    $2.74M

  • MSFT 2026-06-19 C228

    CALL·bullish·2026-05-12

    $2.70M

  • MSFT 2026-06-19 C228

    CALL·bullish·2026-05-14

    $2.67M

  • MSFT 2026-06-19 C228

    CALL·bullish·2026-05-13

    $2.66M

Public OPRA prints filtered to large, premium-weighted sweeps. The conviction label is publisher commentary — a confirmation read, not a directional call.

CBOE ↗

change

Substantial rewrite in MSFT's latest 10-K

Substantial edit

Substantial language change

MSFT’s latest 10-K reads 23.0% different from the prior comparable filing (0000950170-24-087843) — edits concentrated in Item 7 MD&A. The research finds material rewrites of risk-factor and MD&A language historically predict underperformance, on the read that management quietly tweaks the wording before the market reprices.

Form
10-K

Annual report

Filed
Jul 30, 2025

10 months ago

Δ vs prior
23.0%

Heavy rewrite

Sections moved
1

One section

Per-section delta

  • Item 7 MD&A

    MD&A — narrative discussion of results and forward posture

    Δ 23.0%

    Material

Year-over-year shingle-cosine diff of / Risk Factors and MD&A. Material edits historically predict underperformance — publisher commentary on a public filing, not a directional call.

EDGAR ↗

Running Haiku → Sonnet pipeline…

History · MSFT

4 items
Daily insightYahoo Finance · 2026-07-22
5d ago
MSFT
$442.09+0.8%

Q2 2026 Mag-7 earnings season opens: MSFT, META, AAPL, NVDA reports imminent after GOOGL beat

Alphabet's strong Q2 result — revenue +24%, Cloud +82%, EPS well above consensus — kicks off a critical earnings window for mega-cap tech. Microsoft, Meta, Apple, and Nvidia are all set to report in the coming weeks, with investors focused on whether AI infrastructure spending is translating into accelerating revenue. Alphabet's $44.9B quarterly capex and $514B Cloud backlog set a bullish context for the sector, though GOOGL stock sank on the magnitude of the capex hike.

NewsMicrosoft · 2026-07-21
6d ago
MSFT
$442.09+0.8%

Microsoft expands multi-billion dollar Mistral AI partnership for enterprise cloud

On July 21, 2026, Microsoft (MSFT) announced a significant expansion of its strategic partnership with French AI startup Mistral, committing multibillion dollars to leverage Mistral's Europe-based GPU infrastructure for cloud and AI capacity. Mistral Medium 3.5 and OCR 4 models are now available in Microsoft Foundry, and Mistral Medium 3.5 is now live in Microsoft Copilot Studio, broadening enterprise AI access globally.

News24/7 Wall St. · 2026-07-21
6d ago
MSFT
$442.09+0.8%

Morgan Stanley initiates MSFT at Overweight, sets $600 price target

Morgan Stanley assumed coverage of Microsoft (MSFT) with an Overweight rating and a $600 price target on July 21, 2026, identifying Azure and Copilot as underappreciated AI growth drivers. The firm expects Azure growth to accelerate in the second half of calendar 2026 and projects continued enterprise Copilot adoption. Morgan Stanley's bull-case target reaches $795 if Azure AI economics mirror Core Azure margins.

NewsPR Newswire · 2026-07-21
6d ago
MSFT
$442.09+0.8%

Securities fraud class action targets Microsoft over Azure and Copilot disclosures

Multiple law firms filed a securities fraud class action against Microsoft (MSFT) on behalf of investors who purchased shares between May 1, 2025 and January 28, 2026. The complaint alleges Microsoft misled investors regarding Azure cloud growth and AI chatbot Copilot capabilities; plaintiffs have until August 11, 2026 to seek lead-plaintiff appointment in the U.S. District Court for the Western District of Washington.

Peers in coverage

Other tickers in Software / Cloud, then more from the coverage list.

Compare 4 side by side

Same impersonal verdict shown on each profile page, surfaced for discovery. The order does not account for your positions or concentration. Browse the full list on the screener.

What this profile tracks

  • PriceDaily move and a session .
  • Filings / text diffs and material .
  • Insider and sales.
  • Short side, , and — squeeze pressure flagged.
  • Government congressional disclosures and awards.
  • OptionsLarge prints, weighted by — call / put split and conviction tag.
  • SentimentAggregated, decayed .
  • NewsCurated wires and press releases.
  • AI takesAsk the assistant — it knows you're on MSFT.