Microsoft Earnings Analysis

LongPort - Dolphin Research
Dolphin Research

MSFT (Trans): CY26 capex revised to approx. $175 bn

Below is Dolphin Research's compiled $Microsoft(MSFT.US) FY26 Q4 earnings call Trans. I. Core financial highlights recap.

1. Shareholder returns: returned $10.2 bn to shareholders this quarter via dividends and buybacks. For the full fiscal year, total shareholder returns exceeded $43.0 bn.

2. FY27 Q1 guide: total revenue of $89.85–90.95 bn (+16–17% YoY). COGS of $29.6–29.8 bn.

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