What To Expect From Microsoft Stock In Q3?

Microsoft (NASDAQ: MSFT) is scheduled to report its fiscal Q3 2023 results on Tuesday, April 25, 2023. We expect the revenues to top the consensus estimates and earnings to match (just above) the expectations. The company posted mixed results in the last quarter (FY July- June), with earnings beating the street consensus but revenues missing the mark. Its total revenues increased 2% y-o-y to $52.75 billion. It was driven by an 18% rise in the intelligent cloud segment, partially offset by negative growth in productivity & business processes and more personal computing businesses. We expect the same trend to continue in the third-quarter results.

Our forecast indicates that Microsoft’s valuation is $288 per share, which is at par with the current market price. Our interactive dashboard analysis on Microsoft’s Earnings Preview has more details.