Earnings Street
Analyst briefings prepared from earnings-call transcripts.
Microsoft (MSFT) — Q1 FY2027 Earnings Briefing
Microsoft beat every headline line in fiscal Q1 FY2027 — revenue of $92.3B (+19% YoY) and EPS of $4.89 — as AI demand filled record commercial backlog despite late capacity deliveries; record CapEx, thinning free cash flow, and a first open mention of debt funding frame the quarter’s tension.
October 28, 2026Microsoft (MSFT) — Q1 FY2027 Catalysts and Risks
Decision ledger for Microsoft’s Q1 FY2027: demand-exceeds-supply guides Azure to +49–50% CC with one-fleet compounding behind the capex math, while Windows OEM runs deeper than the workbook’s ~-20% plan, whale-capacity discipline emerges, and the token-pricing regime becomes the sector-wide swing variable. Coverage audit against the portfolio workbook marks the capacity→45%-acceleration catalyst stale (realized at +48%).
October 28, 2026Microsoft (MSFT) — Q1 FY2027 Analyst Q&A Breakdown
Forensic breakdown of all seven analyst questions on Microsoft’s Q1 FY2027 call: capex-return answers that lean on efficiencies still to be banked, a new ‘we will be patient’ guardrail on capacity-whale deals, an unconfirmed 11% OpenAI revenue share, and the two quiet admissions — no Copilot disclosure and debt not yet tapped.
October 28, 2026Alphabet (GOOGL) — Q3 FY2026 Earnings Briefing
Alphabet grew revenue 25% YoY to $127.6B with Google Cloud doubling to record profitability and a $561B backlog, while negative free cash flow, a SpaceX mark, and an AI Mode monetization gap mark the cost of the buildout.
October 28, 2026Alphabet (GOOGL) — Q3 FY2026 Catalysts and Risks
Twelve investable catalysts and six risks from Alphabet’s Q3 FY2026 call — record backlog conversion, TPU distribution, and global AI Mode ads against negative free cash flow, third-party capacity margins, and equity-stake volatility — cross-checked against the investment workbook’s Overview tab.
October 28, 2026Alphabet (GOOGL) — Q3 FY2026 Analyst Q&A Breakdown
A forensic read of all seven analyst exchanges on Alphabet’s Q3 FY2026 call: agentic cannibalization fears, TPU economics left unpriced, and a quantified Search deceleration bridge — with deflections, contradictions, and the questions that went unanswered.
October 27, 2026PayPal (PYPL) — Q3 FY2026 Earnings Briefing
A beat-and-raise Q3: EPS up 8% on cost discipline and Venmo/financial-services momentum, while branded checkout stays stuck at 1–2% and management frames 2027 as an investment year.
October 27, 2026PayPal (PYPL) — Q3 FY2026 Catalysts and Risks
Nine positive catalysts and seven risks from PayPal’s Q3 FY2026 call, cross-checked against the investment workbook: cost-program self-funding, Venmo ARPA flywheel, and de minimis drag vs. branded checkout stagnation and the 2027 investment-year cap.
October 27, 2026PayPal (PYPL) — Q3 FY2026 Analyst Q&A Breakdown
Forensic breakdown of all 11 analyst questions on PayPal’s Q3 FY2026 call: clusters on branded checkout and 2027 pacing, M&A filter framework, de minimis persistence, and six unanswered asks.
October 21, 2026Tesla (TSLA) — Q3 FY2026 Earnings Briefing
Demand outran production for a second straight quarter: automotive gross margin ex-credits hit 18.1% while paid FSD reached 1.7 million customers. Robotaxi miles 8x’d in the quarter, but the quarter also locked in a multi-year capital program for Optimus and TeraFab.