Microsoft Guides Q2 Revenue to $96B-$97.1B, Above Q1's $92.3B
MSFT sits 58% above its 52-week low of $349.2.
Summary
Microsoft guided fiscal Q2 revenue to $96B-$97.1B, a step up from the $92.3B it just posted for Q1, with the midpoint implying roughly 4-5% sequential growth off a quarter that already grew 19% year over year. Within that total, the company sees agents and infrastructure revenue of $80.1B-$80.7B and devices and consumer revenue of $15.9B-$16.4B. It also expects Q2 capital expenditure of more than $50B, and sees Azure growth accelerating further in the quarter, after the 48% Azure growth reported after the close. The range sets the bar for the December quarter; anything below the low end would read as a slowdown against the current run rate.
At the time of this announcement, MSFT was trading at $553.28 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.9T. The 52-week trading range was $349.20 to $553.72. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.