TradingKey – Microsoft (MSFT) will report its fiscal first-quarter 2027 financial results after the market close on October 28, US Eastern Time. As its stock price reclaims $530 and approaches its all-time high, this earnings report could determine whether Microsoft can sustain its rally driven by Azure and artificial intelligence demand.

As of October 26, Microsoft’s stock price closed at $532.60, up 1.54% on the day. Compared with the low of $349.20 hit on June 25, the stock has rebounded by approximately 52.5% cumulatively, and is currently only about 4% away from its all-time high near $555. This means that the market has already priced in quite optimistic growth expectations in advance.

The market expects Microsoft’s first-quarter…