gonin/iStock via Getty Images On Wednesday, Microsoft Corporation ( MSFT ) reported better-than-expected Q3 FY26 earnings. For the quarter, Microsoft's revenue grew 18%, and EPS of $4.27 came well above the analyst consensus of $4.06/share. The most watched unit, Microsoft Azure, grew 40%, again, ahead of estimates of 38.8-39.3% by the analysts. The downside: CapEx is now expected to reach $190B i...
gonin/iStock via Getty Images On Wednesday, Microsoft Corporation ( MSFT ) reported better-than-expected Q3 FY26 earnings. For the quarter, Microsoft's revenue grew 18%, and EPS of $4.27 came well above the analyst consensus of $4.06/share. The most watched unit, Microsoft Azure, grew 40%, again, ahead of estimates of 38.8-39.3% by the analysts. The downside: CapEx is now expected to reach $190B in 2026, up 61% year-over-year, with a $25B headwind coming from the higher memory prices amidst the supply crunch. Microsoft's shares never fully recovered after its Q2 FY26 earnings report back in January. On Thursday, after the Q3 FY26 earnings report, the stock declined another 3.93%, and year-to-date, the stock is down -16%. This also marks the 13th consecutive earnings day decline and the worst performance since 2008. I call this a rarity for Microsoft. Overall, shares are down -27% from their October all-time high of $555/share. Let's look in-depth at the Q3 FY26 earnings report, and allow me to share with you why I am aggressively increasing my exposure. Previous Coverage As the title of my last Microsoft coverage implies: Microsoft: At $430/Share, It's Time To Be Greedy (Rating Upgrade), I looked into the firm last time after the shares declined 10% following Q2 FY26 earnings. Following the decline, I doubled my long position as the sell-off appeared to be sentiment-driven rather than results-driven, while the fears of established software firms being disrupted by newcomer Anthropic seemed overblown. Microsoft's shares declined even further, touching the $360/share mark, and I've managed to handsomely dollar-cost-average, with the position now in green. Whether this was the right call, only time will tell, but in February, I argued that Microsoft's slower-than-anticipated Azure growth isn't driven by a lack of demand but by a lack of capacity. The $625B cloud backlog served as evidence. Certainly, I wasn't a fan of the ballooning AI CapEx spend, nor am I today, but ...
In an unsettled world operators aim to entice jittery holidaymakers with simple pledges, from cancellations to surcharges Forget the best infinity pool or alluring sea view: travel firms are now competing for the summer holidaymakers’ pound with pledges of the least likely cancellation – or the fastest refund. Airlines and travel companies have been vying to announce fresh commitments to reassure ...
In an unsettled world operators aim to entice jittery holidaymakers with simple pledges, from cancellations to surcharges Forget the best infinity pool or alluring sea view: travel firms are now competing for the summer holidaymakers’ pound with pledges of the least likely cancellation – or the fastest refund. Airlines and travel companies have been vying to announce fresh commitments to reassure jittery consumers, who are booking flights ever later since the start of the US-Israel war on Iran. Continue reading...
Japan’s relaxation of its weapons-export rules opens a path for talks that could one day lead to Tokyo supplying military equipment to help Ukraine resist Russia’s invasion, Kyiv’s ambassador to Japan said. “This allows us to talk,” Yurii Lutovinov said in an interview at Ukraine’s embassy. “Theoretically, it’s a very big step forward.” Prime Minister Sanae Takaichi’s move last week to ease export...
Japan’s relaxation of its weapons-export rules opens a path for talks that could one day lead to Tokyo supplying military equipment to help Ukraine resist Russia’s invasion, Kyiv’s ambassador to Japan said. “This allows us to talk,” Yurii Lutovinov said in an interview at Ukraine’s embassy. “Theoretically, it’s a very big step forward.” Prime Minister Sanae Takaichi’s move last week to ease export rules – Japan’s latest shift away from a strict post-war pacifist stance – has sparked broad...
(Bloomberg) -- To Wall Street, Oracle Corp. is a screaming buy. To many investors, however, the company’s relationship with OpenAI, its sizable debt load and the durability of its software business have made owning the stock a risk.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump S...
(Bloomberg) -- To Wall Street, Oracle Corp. is a screaming buy. To many investors, however, the company’s relationship with OpenAI, its sizable debt load and the durability of its software business have made owning the stock a risk.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingNorth Korea Confirms Suicide Rule for Soldi
Peter Thiel’s Founders Fund has raised $6 billion for a new fund to invest in later-stage companies, according to people familiar with the matter, marking the firm’s largest haul ever. The majority of the capital — $4.5 billion — comes from limited partners, including sovereign wealth funds, according to one of the people, who spoke on the condition of anonymity to discuss private information. The...
Peter Thiel’s Founders Fund has raised $6 billion for a new fund to invest in later-stage companies, according to people familiar with the matter, marking the firm’s largest haul ever. The majority of the capital — $4.5 billion — comes from limited partners, including sovereign wealth funds, according to one of the people, who spoke on the condition of anonymity to discuss private information. The remaining $1.5 billion is from senior management and employees at Founders Fund, including Thiel, the people said. The firm’s fourth growth-stage investment vehicle was assembled less than a year after its predecessor, marking the fastest succession in Founders Fund’s two-decade history. The decision to quickly introduce a new and larger fund reflects the growing demand from more mature startups looking to raise unprecedented sums from private investors rather than going public. Other venture firms have also been raising billions in new capital for later-stage investments, partly as a response to technology companies needing more money to afford expensive computing resources. Sequoia Capital recently raised about $7 billion for a new fund to expand its bets on large companies, Bloomberg News previously reported. Thrive Capital also raised a $10 billion fund, its largest to date. Founders Fund, which is known for focusing on a select few marquee investments, rushed through investing its prior $4.6 billion fund, mostly by approaching companies to take on more capital before they had even kicked off formal fundraising. That pace represented a departure of sorts for Founders Fund, which typically spends about two to three years deploying each fund. The firm’s third growth fund backed seven companies with average checks of roughly $600 million, according to the people. Founders Fund invested $1.25 billion in Anthropic PBC at a $350 billion valuation earlier this year, the person said, its first bet on the Claude maker. The remainder of the fund was used to back existing portfol...
Apple (NASDAQ: AAPL) noted three things when it announced earnings and on its earnings call. iPhone sales have taken off like a rocket. Its financial forecasts showed ongoing strength, which is among the essential elements of Apple’s investor appeal. And, high component costs could hurt margins. What Apple did not say is that AI had ... Apple Proves AI Doesn’t Matter
Apple (NASDAQ: AAPL) noted three things when it announced earnings and on its earnings call. iPhone sales have taken off like a rocket. Its financial forecasts showed ongoing strength, which is among the essential elements of Apple’s investor appeal. And, high component costs could hurt margins. What Apple did not say is that AI had ... Apple Proves AI Doesn’t Matter
(Bloomberg) -- Tesla Inc. tallied up Elon Musk’s annual compensation for the first time since shareholders approved his moonshot pay package, and it’s a doozy: $158 billion.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Family-Backed Drone Firm Signs Weapons Deal With USTrump Say...
(Bloomberg) -- Tesla Inc. tallied up Elon Musk’s annual compensation for the first time since shareholders approved his moonshot pay package, and it’s a doozy: $158 billion.Most Read from BloombergUS Seeks to Deploy Hypersonic Missile for the First Time Against IranTwo NJ Malls Separated by Just Four Miles — and Very Different FatesTrump Family-Backed Drone Firm Signs Weapons Deal With USTrump Says Iran Blockade ‘Incredible’ as Pump Prices Keep RisingSpirit Prepares to Shutter After Government R
NASA Administrator Jared Isaacman discusses the future of US space travel and the Trump administration’s plans for the moon, Mars, and beyond. (Source: Bloomberg)
NASA Administrator Jared Isaacman discusses the future of US space travel and the Trump administration’s plans for the moon, Mars, and beyond. (Source: Bloomberg)