Azure is one of the main cloud platforms funding and serving AI workloads.
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Price
$421.06
1D change
+0.87%
Market cap
$3.13T
Sector
Technology
| Metric | MSFT |
|---|---|
| Price | $421.06 |
| 1D Change | +0.87% |
| Market Cap | $3.13T |
| Enterprise Value | $3.18T |
| Trailing P/E | 25.1 |
| Forward P/E | 21.8 |
| Price / Sales | 9.8 |
| EV / Revenue | 10.0 |
| Revenue Growth | 18.3% |
| Earnings Growth | 23.4% |
| Gross Margin | 68.3% |
| Operating Margin | 46.3% |
| Net Margin | 39.3% |
| ROE | 34.0% |
| Free Cash Flow | $37.01B |
| FCF Margin | 11.6% |
| Debt / Equity | 0.30x |
| Current Ratio | 1.28x |
| Dividend Yield | 86.00% |
| Next Earnings | Jul 29, 2026 |
| Quarterly Revenue | $82.89B |
| Revenue QoQ | +2.0% |
| Quarterly Net Income | $31.78B |
| Net Income QoQ | -17.4% |
MSFT thesis lens
Enterprise AI platform
Why it could benefit
- Azure is one of the main cloud platforms funding and serving AI workloads.
- Copilot can raise average revenue per user across Microsoft 365, GitHub, Dynamics, and security products.
- Its distribution into nearly every large enterprise makes AI attach rates especially valuable.
Moat / edge
- Massive installed base in productivity and enterprise infrastructure.
- Deep cloud stack plus model partnerships and proprietary tooling.
- Switching costs are high once AI workflows are embedded in daily software.
What to watch
- Azure growth excluding currency and one-time items.
- Copilot user adoption, pricing durability, and seat expansion.
- Capex efficiency versus AI revenue realized.
Key risks
- Capex could stay ahead of monetization for longer than the market expects.
- Competition from Google, Amazon, and specialized AI software vendors.