Microsoft Corporation(MSFT)Earnings Date, History & Expected MoveNASDAQ
Next report date, beat rate and options-implied move
MSFT is scheduled to report on Oct 27, 2026, usually after the market closes. Analysts expect EPS of $4.82.
EPS: Actual vs Estimate
Reported earnings per share against the consensus estimate, last 12 quarters.
Green = beat or met, red = missed, amber = our data sources disagree on beat vs miss for that quarter.
Stock Reaction After Earnings
Close-to-close move in the first session that reflected each report.
Dashed lines mark the average actual move (±5.4%).
Did the stock rise after good news?
"Beat" means the company earned more than analysts expected. Here is what the stock did the next day.
In plain words: it beat expectations 12 times, but the stock still fell 7 of those 12 times.
- Jul '26Beat▲ +15.5%
- Apr '26Beat▼ -3.9%
- Jan '26Beat▼ -10.0%
- Oct '25Beat▼ -2.9%
- Jul '25Beat▲ +3.9%
- Apr '25Beat▲ +7.6%
- Jan '25Beat▼ -6.2%
- Oct '24Beat▼ -6.1%
- Jul '24Beat▼ -1.1%
- Apr '24Beat▲ +1.8%
- Jan '24Beat▼ -2.7%
- Oct '23Beat▲ +3.1%
Only reports with a clear beat or miss and a known price reaction are counted. A beat does not guarantee a gain.
Why did MSFT fall after beating earnings?
Beating or missing estimates is only part of the story. These are the measurable things that stand out for each surprising reaction.
MSFT beat EPS estimates in 12 quarters, and the stock still closed lower the next day 7 times. In 4 of the 7 where we have price data, the stock had already run up before the report.
- Apr 29, 2026EPS beat +4.9%→stock -3.9% next day
- It had risen 14.7% in the 20 trading sessions before the report, so good news may already have been priced in.
- It opened 3.2% lower as soon as trading resumed.
- Jan 28, 2026EPS beat +5.6%→stock -10.0% next day
- It had risen 8.4% in the final week before the report, so good news may already have been priced in.
- It opened 8.6% lower as soon as trading resumed.
- Oct 29, 2025EPS beat +12.8%→stock -2.9% next day
- It had risen 4.0% in the final week before the report, so good news may already have been priced in.
- It opened 2.0% lower as soon as trading resumed.
- Jan 29, 2025EPS beat +3.5%→stock -6.2% next day
- It opened 5.3% lower as soon as trading resumed.
- Oct 30, 2024EPS beat +6.1%→stock -6.1% next day
- It opened 4.0% lower as soon as trading resumed.
- Jul 30, 2024EPS beat +0.3%→stock -1.1% next day
- The EPS beat was small (+0.3%).
These are patterns visible in estimates and prices, not confirmed causes. Information only, not investment advice.
Was MSFT's earnings move already priced in?
Stocks often move in the weeks before a report. This compares that run-up with what happened after the report.
“Month before” is the move over the 20 trading days up to the last close before the report. “Priced in” means the good news may already be in the price. A run-up of 5% or more is treated as large.
Before vs after each report
Grey: how the stock moved in the 20 trading days before the report. Green or red: how it moved the day after.
Past reports only: this shows what happened, not what will happen.
Does MSFT hold its opening gap after earnings?
A gap is how far the stock opens from the previous close. A gap fades when the stock gives back at least half of it by the end of the day.
In 10 reports MSFT opened at least 1% away from the previous close. It gave back half or more of that gap by the close 1 of 10 times (10%). Gaps up faded 1 of 5; gaps down recovered 0 of 5.
- Jul 29, 2026HeldOpened +12.1%, closed +15.5%
- Apr 29, 2026HeldOpened -3.2%, closed -3.9%
- Jan 28, 2026HeldOpened -8.6%, closed -10.0%
- Oct 29, 2025HeldOpened -2.0%, closed -2.9%
- Jul 30, 2025FadedOpened +8.2%, closed +3.9%
- Apr 30, 2025HeldOpened +9.1%, closed +7.6%
- Jan 29, 2025HeldOpened -5.3%, closed -6.2%
- Oct 30, 2024HeldOpened -4.0%, closed -6.1%
Gap = opening price vs the previous close. Close = the end of the first session that reflected the report. Reports without a clear opening time are left out.
What the history says
- MSFT has beaten EPS estimates in 12 straight quarters.
- It fell after 7 of its 12 EPS beats (58%): beating estimates has not been enough on its own.
MSFT earnings history
Last 12 reported quarters with the stock's reaction.
Swipe sideways to see every column →
| Report date | Time | EPS est. | EPS actual | Surprise | 1-day move | 3-day move |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | After close | $4.24 | $4.74 | +11.8% | +15.51% | +24.87% |
| Apr 29, 2026 | After close | $4.07 | $4.27 | +4.9% | -3.93% | -2.55% |
| Jan 28, 2026 | After close | $3.92 | $4.14 | +5.6% | -9.99% | -12.10% |
| Oct 29, 2025 | After close | $3.66 | $4.13 | +12.8% | -2.92% | -4.53% |
| Jul 30, 2025 | After close | $3.38 | $3.65 | +8.0% | +3.95% | +4.36% |
| Apr 30, 2025 | After close | $3.22 | $3.46 | +7.5% | +7.63% | +10.35% |
| Jan 29, 2025 | After close | $3.12 | $3.23 | +3.5% | -6.18% | -7.10% |
| Oct 30, 2024 | After close | $3.11 | $3.30 | +6.1% | -6.05% | -5.56% |
| Jul 30, 2024 | After close | $2.94 | $2.95 | +0.3% | -1.08% | -3.41% |
| Apr 25, 2024 | After close | $2.84 | $2.94 | +3.5% | +1.82% | -2.43% |
| Jan 30, 2024 | After close | $2.77 | $2.93 | +5.8% | -2.69% | +0.64% |
| Oct 24, 2023 | After close | $2.65 | $2.99 | +12.8% | +3.07% | -0.22% |
Consensus for the next report: EPS $4.82, revenue $92.45B.
MSFT Earnings FAQ
Answers computed from Microsoft Corporation's reported history
MSFT is scheduled to report on Oct 27, 2026, usually after the market closes. Analysts expect EPS of $4.82.
Over the last 12 quarters with a usable EPS surprise, MSFT beat the consensus estimate 12 times (100%), missed 0 and landed in line 0. It has beaten estimates in each of the last 12 counted quarters.
Across its last 12 quarters with a measured reaction, MSFT moved an average of ±5.4% in the first session after reporting. It closed higher 42% of the time; the largest gain was 15.5% and the largest drop -10.0%.
MSFT fell in the first session after 7 of its last 12 EPS beats (58%). A beat that was already priced in, or weaker guidance, can send a stock lower. In 4 of the 7 of those falls where price data is available, the stock had already risen before the report.
Across its last 12 quarters with price data, MSFT moved an average of +3.2% in the 20 trading sessions before reporting and was higher in 75% of them. After a run-up of 3% or more (8 quarters), it fell the next day 50% of the time, averaging +1.8%. This describes past reports; it is not a forecast.
In 10 reports MSFT opened at least 1% away from the previous close. It gave back half or more of that gap by the close 1 of 10 times (10%), and fully reversed 0 times. A fade means the opening move was partly undone during the first session.
How we calculate these numbers
Reported EPS and estimates come from Yahoo Finance; report times, upcoming dates and revenue come from Finnhub. The 1-day move is the close-to-close change over the first session that reflects the report (the report-day close for after-close reports, the prior close for pre-market reports); reactions are left blank when the report time is unknown or looks inconsistent. The expected move is the price of the nearest at-the-money straddle that expires after the report divided by the share price, shown only when the quotes are liquid. Quarters where the two data sources disagree on beat versus miss are shown but never counted. Information only, not investment advice.