Microsoft Corp

MSFT: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Microsoft Earnings: Strong, Including Azure, but Overall Guidance Is In Line

Dan Romanoff

Oct 30, 2025

Microsoft's first-quarter results easily topped the high end of guidance. Revenue increased 17% year over year in constant currency to $77.7 billion, compared with the high end of guidance of $75.8 billion, while operating margin was 48.9%, compared with the high end of guidance at 47.2%.

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Microsoft Corp

Microsoft Earnings: Strong, Including Azure, but Overall Guidance Is In Line

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