STOCKS / THE FILINGS DESK · 2026-10-30
Reading a 10-Q: the three columns an earnings headline leaves out
Keep the completed period, the company’s adjustments and future guidance in separate columns before comparing earnings.
Read the briefing →STOCKS / THE FILINGS DESK
Company results without mixing actuals, adjustments and expectations.
Keep the completed period, the company’s adjustments and future guidance in separate columns before comparing earnings.
Start with the evidence →From the desk
STOCKS / THE FILINGS DESK · 2026-10-30
Microsoft FY27 Q1 net income: why GAAP growth was 32% and adjusted growth 18%
For the quarter ended September 30, 2026, Microsoft reported net income of $36.629 billion, up 32% year over year, and adjusted net income of $36.422 billion, up 18%. The company says its adjustment removes OpenAI investment effects: a current-quarter gain and a much larger prior-year loss.
Read the briefing →Original explanations of primary material. Our review date is shown separately from the source’s announcement date.