Microsoft’s earnings day is circled in red

Calendar check: Microsoft’s up next

Microsoft says it’ll post fiscal Q3 results after market close on April 29. So if you’ve been watching the stock like it’s the season finale of a prestige drama, the next episode drops then.

Why this matters

This isn’t just about one earnings print. Microsoft is still one of the market’s favorite “tell me how AI demand is really going” names, so investors will be combing through the report for signs that the Copilot/AI spending machine is turning into actual revenue — not just expensive PowerPoint slides.

The setup

The stock’s been living in the center of the market’s AI obsession, which means expectations are, unsurprisingly, doing backflips:

• Cloud growth needs to stay healthy
• AI spending needs to look worth the tab
• Management tone matters almost as much as the numbers

That’s a lot of pressure for one after-market release, but welcome to life as a trillion-dollar-ish bellwether.

Big picture

If Microsoft delivers a clean report and sounds confident about AI monetization, it could help steady the mega-cap tech trade. If not, the market may start asking a very annoying question: how long can you keep paying for the future before the future sends back a receipt?