Microsoft (MSFT) reported its fiscal Q4 2026 earnings on July 29, after the markets closed, and the stock is up sharply following an impressive quarterly performance. Meta Platforms (META) shares, however, are trending lower after the company’s guidance spooked markets. The reaction to Meta’s earnings was no different from its Magnificent 7 peers Alphabet (GOOG) (GOOGL) and Tesla (TSLA), which too plunged following the confessionals after bumping up their 2026 capex.
MSFT’s post-earnings price action is a welcome break for investors as the stock has otherwise been weak this year. Let's take a look at the key metrics from Microsoft’s June quarter earnings and examine the way forward for MSFT stock.