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Microsoft Corporation (MSFT)

Cloud Infrastructure

SaaS Metrics & Investor Data — Q1 2026

analyticsEditorial Financial Analysis

Financial Performance & Trajectory

Microsoft’s financial trajectory demonstrates accelerating momentum, with trailing revenue expanding from $281.72B in Q2 2025 to $311.90B in Q1 2026. This represents a robust YoY growth surge from 14.9% to 27.2%, driven by sustained cloud and AI adoption across Azure and Copilot offerings. Gross margins have remained resilient, averaging ~67% over the period, with a slight dip to 64.9% in Q4 2025 before recovering to 68.3% in Q1 2026, reflecting scale efficiencies in cloud infrastructure. Free cash flow (FCF) margins are exceptional, consistently above 21%, though the slight compression from 25.4% to 21.7% suggests rising capex tied to AI data center investments. Overall, the business is scaling at an accelerated rate while maintaining strong profitability.

Operational & Go-to-Market (GTM) Efficiency

The Rule of 40 score has improved markedly from 40.4 in Q2 2025 to 48.9 in Q1 2026, comfortably exceeding the 40% benchmark and signaling best-in-class balance between growth and profitability. While Net Revenue Retention (NRR) and CAC Payback data are not disclosed, Microsoft’s entrenched enterprise relationships and multi-product bundling strategy suggest high retention and efficient GTM spend. The company’s massive R&D reinvestment—particularly in generative AI and cloud-native services—is clearly yielding returns, as evidenced by accelerating revenue growth without material margin erosion. Operational discipline remains a hallmark, with the Intelligent Cloud segment acting as the primary growth engine.

Market Valuation & Sentiment

At 10.8x trailing EV/Revenue, Microsoft trades at a premium multiple consistent with its accelerated growth profile and market leadership. This multiple has remained stable (10.7x–11.2x) despite revenue expansion, indicating investor confidence in sustained momentum. Insider activity shows zero buys and zero sells in the last 10 filings, with a net negative value of -$1,448.9K, likely reflecting routine tax-related dispositions rather than bearish signaling. Wall Street sentiment is overwhelmingly bullish: consensus is Buy (65 Buys, 16 Holds, 0 Sells) with an average price target of $551.96, implying modest upside from current levels. Given the operational outperformance and favorable risk-reward profile, the valuation appears justified by fundamentals.

Disclaimer: The editorial financial analysis above is generated using data sourced from SEC EDGAR filings and Wall Street consensus ratings. This analysis is provided for informational and educational purposes only and does not constitute financial, investment, or professional advice. Readers should conduct their own research or consult with a registered financial advisor before making any investment decisions.

Microsoft Corporation (MSFT) is a Cloud Infrastructure SaaS company with a market cap of $3344.6B as of Q1 2026. The company trades at 10.8x EV/Revenue and has delivered +27.2% revenue growth year-over-year. With a gross margin of 68% and FCF margin of 21.7%, Microsoft Corporation scores 49 on the Rule of 40 — placing it in the upper half of public SaaS companies tracked by SaaSDB.

compare_arrowsSector Benchmarking

Latest company metrics compared to the Cloud Infrastructure sector medians

EV / Revenue
Discount
10.8xvs 18.9x median

EV/Revenue is 10.8x (sector median: 18.9x) — trading at a discount of 8.1x relative to peers.

Rule of 40
Outperforming
48.9%vs 22.4% median

Rule of 40 is 48.9% (sector median: 22.4%) — outperforming peers by 26.6%.

Revenue Growth
Outperforming
27.2%vs 17.5% median

Revenue Growth is 27.2% (sector median: 17.5%) — outperforming peers by 9.8%.

Gross Margin
Outperforming
68.3%vs 63.7% median

Gross Margin is 68.3% (sector median: 63.7%) — outperforming peers by 4.6%.

FCF Margin
Outperforming
21.7%vs 4.9% median

FCF Margin is 21.7% (sector median: 4.9%) — outperforming peers by 16.8%.

monitoringInvestor Metrics

Market Cap
$3.3T
Q1 2026
Enterprise Value
$3.4T
Q1 2026
Revenue (TTM)
$311.9B
Q1 2026
27.2%
Year-over-year
10.8x
Enterprise Value multiple
10.7x
Price-to-Sales
68.3%
Gross profit margin
47.0%
Operating income margin

From the makers of SaaSDB

B

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rocket_launchFounder & Operator Metrics

48.9
Revenue growth + FCF margin
21.7%
Free cash flow margin
68.3%
Gross profit margin
Operating leverage
-19.9x
Margin expansion vs revenue growth
R&D intensity
11%
R&D as % of TTM revenue

Not publicly disclosed by this company: Net Revenue Retention·Gross Retention·ARR·ARR Growth·CAC Payback

trending_upEfficiency & Investment Trends

Insider Trading Activity

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90-Day Insider Sentiment: Bearish / Net Selling. Insiders executed 2 sell transactions (totaling $7.7M) with zero buys. Last activity on Jun 1, 2026.

DateInsiderTitleTransactionSharesPriceValue
2026-06-02Althoff JudsonCEO Microsoft CommercialSELL15,500$460.99$7.1M
2026-06-01Jolla Alice L.Chief Accounting OfficerGRANT413$450.24$186K
2026-06-01Coleman AmyEVP, Chief Human Resources OffGRANT434$450.24$195K
2026-05-18Coleman AmyEVP, Chief Human Resources OffSELL1,262$411.34$519K
2026-04-15Coleman AmyEVP, Chief Human Resources OffGRANT1,364$393.11$536K
2026-03-16Coleman AmyEVP, Chief Human Resources OffGRANT31$395.55$12K
2026-03-13PETERSON SANDRA EDirectorGRANT59$0.00$0
2026-03-13PRITZKER PENNY SDirectorGRANT32$0.00$0
2026-03-13List TeriDirectorGRANT52$0.00$0
2026-03-13MacGregor CatherineDirectorGRANT4$0.00$0
2026-03-13Hoffman ReidDirectorGRANT38$0.00$0
2026-03-13Walmsley Emma NDirectorGRANT3$0.00$0
2026-03-13Rainey John DDirectorGRANT0$0.00$0
2026-03-13Johnston Hugh FDirectorGRANT4$0.00$0
2026-03-09Hogan Kathleen TEVP, StrategySELL12,321$409.52$5.0M
2026-03-03Hood AmyEVP, Chief Financial OfficerGRANT4,790$392.74$1.9M
2026-03-03Hogan Kathleen TEVP, StrategyGRANT978$392.74$384K
2026-03-03Numoto TakeshiEVP, Chief Marketing OfficerGRANT1,351$392.74$531K
2026-03-03SMITH BRADFORD LVice Chair and PresidentGRANT3,590$392.74$1.4M
2026-03-03Coleman AmyEVP, Chief Human Resources OffGRANT639$392.74$251K

Analyst Ratings

BuyAvg. price target: $551.96as of 2026-06-01
Buy 65 (80%)Hold 16 (20%)Sell 0 (0%)

From the makers of SaaSDB

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