Microsoft (MSFT +0.66%) closed at a record $543.45 on Oct. 13, and it hasn’t moved far since. Shares trade near $530 as of this writing, about 2% off the high. Microsoft posts results for the fiscal first quarter of 2027 (the three months ended Sept. 30, 2026) after the market closes on Wednesday, Oct. 28.
The company has earned a good chunk of that climb. Microsoft’s adjusted earnings per share jumped 22% for fiscal 2026, which ended June 30.
But at today’s price, shares cost about 31 times those earnings. It’s a steep price for a business whose own guidance suggests slower growth right as its capital spending keeps rising.
I’d buy the stock at about $465 a share, roughly 12% under where it trades now.
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