Microsoft received elevated news coverage following its Q4 2026 earnings release on 30 July 2026. Microsoft shares gained 8% on that date, with results driven by Azure cloud growth and its Copilot AI product suite, according to CNBC [Brief - 2026-08-12]. Broader macro conditions during the period included easing US inflation, with wholesale prices showing no change in July and core inflation cooling, as reported by MarketWatch and Bloomberg [Brief - 2026-08-13]. Oil market disruptions, including reduced Strait of Hormuz tanker traffic and an IEA global supply forecast reduction of 4.3 million barrels per day, formed part of the macro backdrop during this reporting window [Brief - 2026-08-12] [Brief - 2026-08-17].
As of 31 March 2026, Microsoft reported trailing twelve-month revenue of $331.8 billion, reflecting year-over-year growth of 18.3%. Net income on a TTM basis stood at $133.7 billion, with a net margin of 40.3% and an operating margin of 46.8%. Gross margin was recorded at 67.9%. EPS grew 23.4% year-over-year. The company held $20.9 billion in cash against total debt of $40.3 billion. The P/E ratio was 27.43 and market capitalisation was approximately $3.66 trillion at the reporting date [SEC 10-Q - MSFT - 2026-03-31].
Insider activity over the past 30 days recorded 26 transactions with a net direction of selling, amounting to a net disposal value of approximately $43.4 million [SEC Form 4 - MSFT - 2026-09]. On the institutional side, several notable position changes were reported in the most recent 13F filings. Citadel added approximately 45% to its MSFT position, Coatue added 18%, AQR Capital added 14%, and Millennium added 6.5%. Tiger Global reduced its position by 9.3% [SEC 13F - Citadel - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - AQR Capital - Q2 2026] [SEC 13F - Coatue - Q2 2026] [SEC 13F - Tiger Global - Q2 2026].
The prevailing macro environment as of the report generation date shows the 10-year US Treasury yield at 4.83% and the 2-year yield at 4.39%, producing a normal yield curve configuration [FRED DGS10] [FRED DGS2]. This report was generated in response to recent insider selling activity and material changes in institutional positioning across multiple major filers.