Microsoft Corporation (NASDAQ:MSFT) is one of several Magnificent Seven stocks reporting quarterly financial results this week. Tech analyst Dan Ives says Microsoft’s report could be the most important.
Here’s why. 67 billion in last year’s first quarter, according to data from Benzinga Pro.
13 last year. Overall, the company has posted 14 straight double beats through the fourth quarter and is going for its 15th straight double beat on Wednesday.
Read Also: Microsoft Q1 Preview: AI, Cloud Key As Company Eyes 15th Straight Double Beat Dan Ives on Microsoft Stock Microsoft represents the "cleanest demand proxy for enterprise AI," Ives said in a new investor note. "In our view, it is the most important print of the week for the tech trade," Ives said.
The Yorkville Ives analyst maintained an Outperform rating on Microsoft with a price target of $615 ahead of the print. The analyst said Azure is where frontier labs and Fortune 500 companies buy compute and the company’s commercial backlog is contracted.
8%. The analyst said the company’s backlog last quarter didn’t include OpenAI or Anthropic.
Ives will watch how much capacity landed this quarter. " Ives said Microsoft’s Copilot will be another area to watch with the monetization story becoming clearer.
15. 7% year-to-date in 2026.
