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Beware the Guide: Recapping Microsoft’s Actuals vs. Consensus

A full breakdown of results in Consensus context alongside our setup framework

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Consensus Media
Oct 28, 2026
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Excellent print from Microsoft and in sharp contrast to Google’s numbers. That said, the decisive move will come from the conference call guidance coming up shortly. The one forward looking metric we have in the table below (unearned revenue) anticipates some unexpected deceleration:

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