---
title: "In \"The Big Bank,\" China International Capital Corporation predicts that Microsoft's revenue for the first fiscal quarter will grow by 15.4% year-on-year, maintaining a target price of $560"
description: "CICC expects Microsoft's revenue for the first quarter of fiscal year 2026 to be USD 75.661 billion, a year-on-year increase of 15.4%; Azure cloud services are expected to grow by 37%. The diluted ear"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/263438860.md"
published_at: "2025-10-30T06:36:34.000Z"
---

# In "The Big Bank," China International Capital Corporation predicts that Microsoft's revenue for the first fiscal quarter will grow by 15.4% year-on-year, maintaining a target price of $560

> CICC expects Microsoft's revenue for the first quarter of fiscal year 2026 to be USD 75.661 billion, a year-on-year increase of 15.4%; Azure cloud services are expected to grow by 37%. The diluted earnings per share are projected to be USD 3.71, a year-on-year increase of 12%. This is in line with FactSet's consensus expectations. CICC maintains a long-term optimistic outlook on Microsoft, with a target price of USD 560 unchanged and a rating of "Outperform the Industry."

CICC released a report stating that Microsoft (MSFT.US) will announce its fiscal year 2026 Q1 results on Thursday (30th) Beijing time. The company is expected to report total revenue of USD 75.661 billion for Q1, a year-on-year growth of 15.4%; Azure is expected to grow by 37% year-on-year; diluted earnings per share are expected to be USD 3.71, a year-on-year growth of 12%. The consensus estimate for Q1 revenue on FactSet is USD 75.375 billion, a year-on-year growth of 14.9%; Azure is expected to grow by 38% year-on-year; the consensus estimate for diluted earnings per share is USD 3.67, a year-on-year growth of 11%.

CICC indicated that it is optimistic about Microsoft's deep synergy effects in the AI technology revolution in the long term, maintaining its revenue forecasts for the fiscal years 2026 and 2027 largely unchanged, keeping the net profit forecast for fiscal year 2026 largely unchanged, and slightly raising the net profit forecast for fiscal year 2027 by 1.1% to USD 141 billion. It maintains an "outperform industry" rating and keeps the target price unchanged at USD 560, which corresponds to 35 times and 30 times the price-to-earnings ratio for fiscal years 2026 and 2027, respectively. The current price corresponds to 33 times and 28 times the price-to-earnings ratio for fiscal years 2026 and 2027

### Related Stocks

- [MSFT.US - Microsoft](https://longbridge.com/en/quote/MSFT.US.md)
- [MSFL.US - GraniteShares 2x Long MSFT Daily ETF](https://longbridge.com/en/quote/MSFL.US.md)
- [MSFO.US - YieldMax MSFT Option Income Strategy ETF](https://longbridge.com/en/quote/MSFO.US.md)
- [MSFD.US - Direxion Daily MSFT Bear 1x Shares](https://longbridge.com/en/quote/MSFD.US.md)
- [MSFU.US - Direxion Daily MSFT Bull 2X Shares](https://longbridge.com/en/quote/MSFU.US.md)
- [MSFX.US - T-Rex 2X Long Microsoft Daily Target ETF](https://longbridge.com/en/quote/MSFX.US.md)
- [MSFY.US - Kurv Yield Premium Strategy Microsoft MSFT ETF](https://longbridge.com/en/quote/MSFY.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| TCI 基金管理有限公司增持了 189,749 股微軟股份 | TCI Fund Management Ltd，由 Christopher Anthony Hohn 領導，已增加其在微軟的持股 189,749 股。微軟的股票經歷了波動，最近下跌了 18%，但仍顯示出温和的年同比增長。分析師們對其維持強烈 | [Link](https://longbridge.com/en/news/276296813.md) |
| OpenAI 新一輪融資或突破千億美元 據報亞馬遜、軟銀、英偉達及微軟參與投資 | OpenAI 即將完成新一輪融資，預計籌集超過 1000 億美元，估值可能超過 8500 億美元。主要投資者包括亞馬遜、軟銀、英偉達和微軟。融資將分階段進行，預計在本年度內完成。亞馬遜可能投資高達 500 億美元，軟銀 300 億美元，英偉 | [Link](https://longbridge.com/en/news/276297991.md) |
| 1480 億美元的賭注：為何高盛認為市場誤讀了微軟的資本開支？ | 高盛最新報告認為，短期悲觀情緒掩蓋了微軟中期戰略的合理性。公司正主動將算力從 Azure 向內部研發及 Copilot 傾斜，新增 GPU 分配更趨平衡。這一戰略性後置雖犧牲短期增速，卻為長期護城河與貨幣化預留空間。Copilot 已開始對 | [Link](https://longbridge.com/en/news/275906352.md) |
| 索羅斯逆市加碼微軟及 Nvidia 等科企 新買入黃金股 清倉 4 隻股份 | 索羅斯基金管理公司在 2022 年第四季度加大對微軟、英偉達和蘋果等大型科技股的投資，同時增持黃金股以對衝風險。基金還增持了 Atlassian、Salesforce 和 Uber 等軟體公司股票，但大幅減持了 Snowflake 和 Ci | [Link](https://longbridge.com/en/news/275990619.md) |
| 摩爾資本管理公司減持了 347,092 股微軟股票 | Moore Capital Management LP 已減少其微軟股份 347,092 股。儘管近期波動較大，微軟在過去一年中仍然上漲，華爾街維持強力買入評級，目標價約為 600 美元。看漲者指出強勁的 Azure 增長和對人工智能的需求 | [Link](https://longbridge.com/en/news/276406322.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
