16.7%
Revenue Growth Drivers
Microsoft's revenue increased by 16.7% year-over-year, driven by strong demand in cloud services and software products.
来源: Source: 10-Q Income Statement, p.1
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AI核心结论
In Q2 FY2026, Microsoft reported strong financial performance with a 16.7% increase in revenue and a 59.5% rise in net income, driven by robust operating income growth and effective cost management.
营业收入
$81.27B
同比 ++16.72%
每股收益（基本）
$5.18
同比 ++59.88%
毛利率
68.0%
同比 -0.66%
营业利润
$38.27B
同比 ++20.92%
提交于 · 解读更新于 · 来源: SEC EDGAR 10-Q 原文
Microsoft (MSFT) Q2 FY2026 营收 $81.27B，同比增长 16.7%。 净利润 $38.46B，同比增长 59.5%，稀释每股收益 $5.16。 毛利率 68.0%。
Microsoft's revenue increased by 16.7% year-over-year, driven by strong demand in cloud services and software products.
来源: Source: 10-Q Income Statement, p.1
Operating income rose by 20.9% due to increased efficiency and cost management, despite a 19.2% rise in cost of revenue.
来源: Source: 10-Q Income Statement, p.1
Operating cash flow increased by 60.4%, reflecting improved cash generation from core operations.
来源: Source: 10-Q Cash Flow, p.1
Intense competition in cloud services could impact Microsoft's market share and pricing power.
来源: Source: Industry Analysis
Potential regulatory changes in technology and data privacy could affect Microsoft's operations and compliance costs.
来源: Source: Industry Analysis
Fluctuations in foreign currency exchange rates could impact Microsoft's international revenue and profitability.
来源: Source: Industry Analysis
Q2 FY2026 实际 EPS $4.14，分析师一致预期 $4.03，超预期 +2.6%。
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营业收入 | $81.27B | $69.63B | +16.72% |
营业成本 | $25.98B | $21.8B | +19.17% |
毛利润 | $55.3B | $47.83B | +15.60% |
营业利润 | $38.27B | $31.65B | +20.92% |
净利润 | $38.46B | $24.11B | +59.52% |
每股收益（基本） | $5.18 | $3.24 | +59.88% |
每股收益（稀释） | $5.16 | $3.23 | +59.75% |
研发费用 | $8.5B | $7.92B | +7.41% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
总资产 | $665.3B | $533.9B | +24.61% |
流动资产 | $180.19B | $147.08B | +22.51% |
总负债 | $274.43B | $231.2B | +18.70% |
流动负债 | $130B | $108.88B | +19.40% |
股东权益 | $390.88B | $302.69B | +29.13% |
现金及等价物 | $24.3B | $17.48B | +38.98% |
长期债务 | $40.26B | $44.97B | -10.47% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
经营活动现金流 | $35.76B | $22.29B | +60.41% |
投资活动现金流 | $-22.7B | $-14.11B | -60.89% |
筹资活动现金流 | $-17.62B | $-11.24B | -56.69% |
股票回购 | $7.42B | $4.99B | +48.72% |
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
毛利率 | 68.0% | 68.7% | -0.66% |
营业利润率 | 47.1% | 45.5% | +1.64% |
净利率 | 47.3% | — | — |
净资产收益率 | 9.8% | — | — |
总资产收益率 | 5.8% | — | — |
流动比率 | $1.386 | — | — |
资产负债率 | $0.702 | — | — |
Systems Software 行业其他公司
Microsoft's Q2 FY2026 earnings showed a significant increase in net income by 59.5% to $38.46 billion, indicating strong performance, but specific estimates are not provided in the filing.
Key takeaways include a 16.7% increase in revenue to $81.27 billion and a 59.5% rise in net income, driven by strong cloud services demand and operational efficiency.
Microsoft's revenue grew by 16.7% year-over-year to $81.27 billion, primarily due to increased demand for its cloud services and software products.
Microsoft's financial health is strong, with a 24.6% increase in total assets and a robust current ratio of 1.39, indicating good liquidity.
Key risks include competition in cloud services, regulatory challenges, and foreign exchange fluctuations, which could impact future performance.