Microsoft (MSFT) Stock: What Wall Street Expects from Earnings Wednesday
TLDR
- Traders expect MSFT to swing up to 6% after Wednesday’s earnings report, a range of roughly $368–$417
- Wall Street forecasts Q4 revenue of $87.71B, up ~15% year-over-year, with EPS of $4.24
- Azure cloud revenue is projected to grow 28% to $38.24B for the quarter
- Microsoft plans $190B in capex for 2026, well above analyst forecasts of $150B+
- 11 of 12 analysts rate MSFT a “buy” with a mean price target of $549
Microsoft reports Q4 earnings after the bell on Wednesday, and traders are bracing for a move. Options pricing puts the expected swing at up to 6% in either direction by end of week.
From Monday’s price of around $392, that means the stock could rally as high as $417 or drop as low as $368. At the top of that range, MSFT would hit its highest level in over a month.
The stock has had a rough 2026. It’s down roughly 18–20% year-to-date, underperforming the S&P 500, which is up over 8% in the same period.
Investors aren’t just watching the headline numbers. They want to know whether Microsoft’s massive AI spending is starting to pay off.
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