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Sentiment · FY2026 Q3
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We are now open for business on the Microsoft marketplace and customers can use their Microsoft Azure consumption commitment dollars on Falcon.”
CrowdStrike went live on the Microsoft marketplace, letting customers apply Azure consumption commitments to Falcon, marking a shift toward partnership between two historical security rivals.
“Meta, Microsoft, Oracle, and xAI are building gigawatt AI factories with Spectrum X Ethernet switches.”
Microsoft is named among hyperscalers building gigawatt AI factories with NVIDIA Spectrum X networking.
“We were also focused on helping customers get what they needed to transition to Windows 11 as Microsoft ended support for the Windows 10 operating system mid-October.”
Microsoft's end of Windows 10 support is driving PC replacement demand, a tailwind for Best Buy's computing sales.
“We also expanded our partnership with Microsoft to help joint customers securely manage their people and agents across both of our platforms.”
Workday expanded its Microsoft partnership to jointly manage human and AI-agent identities across both platforms.
“an 8-figure end-to-end flex expansion deal, where we displace two sims, Defender for Endpoint, and a Point Cloud security product.”
CrowdStrike displaced Microsoft Defender for Endpoint (and two SIEMs) in a Fortune 500 healthcare account, a competitive loss read-through for Microsoft's endpoint security.
“Microsoft introduced Cobalt 200, built on the higher performance Arm Holdings plc American Depositary Shares Neoverse CSS v3 with 132 cores, up from 128 cores in Cobalt 100, which was based on the prior Neoverse n2 platform.”
Microsoft's Cobalt 200 server CPU is built on Arm's Neoverse CSS v3, another hyperscaler custom-silicon win for Arm.
“selected Azure NetApp Files for its proven performance, ease of use and enterprise-grade reliability.”
A customer chose Azure NetApp Files (NetApp's first-party Microsoft Azure service) as the cornerstone of its cloud transformation.
“We now have 33 regions live with Microsoft and 14 live with Google.”
Microsoft Azure is a core multicloud partner for Oracle Database, with Oracle reporting broad region coverage that turns Oracle database demand into deployments in Azure.
“Microsoft will end support for the Windows 10 operating system this October.”
Microsoft's Windows 10 end-of-support in October is driving a large PC refresh cycle that Best Buy expects to boost computing sales, a positive read-through for Windows 11 upgrades.
“we recently expanded our collaboration with Microsoft Azure on our hardware security modules, building on a long-standing and trusted relationship with this customer.”
Microsoft Azure is a long-standing Marvell customer that expanded its use of Marvell's hardware security modules, a read-through of continued Azure security-infrastructure investment.
“We're 48 days away from the end of life period of Microsoft.”
Microsoft's Windows 10 end-of-life is a catalyst for Dell's PC refresh cycle, with roughly half the installed base not yet upgraded to Windows 11.
“Our compute forms the foundation of custom silicon from leading partners, including NVIDIA Grace, AWS Graviton, Google Axion and Microsoft Cobalt.”
Microsoft's custom Cobalt data-center silicon is built on Arm compute, a read-through on Microsoft's in-house Arm-based chip strategy.
“Siemens, for example, is going all in on GitHub, adopting the full platform to increase developer productivity after a successful Copilot rollout to 30,000 plus developers.”
Siemens is going all in on GitHub after a 30,000+ developer Copilot rollout, a read-through on Siemens' large-scale developer-tooling standardization on Microsoft.
“Fiserv, ING, NAST, University of Kentucky, University of Manchester, US Department of Interior, and Westpac all purchased over 35,000 seats.”
Fiserv purchased over 35,000 Microsoft 365 Copilot seats, a read-through on Fiserv's large-scale enterprise AI deployment.
“companies like Unilever and Consumer Goods and Synopsys and EDA are using Microsoft Discovery to orchestrate specialized agents for R and D end to end.”
Synopsys is cited as using Microsoft Discovery to orchestrate R&D agents in EDA, a read-through on Synopsys adopting agentic AI for chip-design workflows.
“with Copilot Checkout, we have partnered with PayPal Shopify, and Stripe so customers can make purchases directly within the app.”
Microsoft partnered with Shopify for Copilot Checkout, indicating Shopify's integration into Copilot's in-app commerce flow.
“with Copilot Checkout, we have partnered with PayPal Shopify, and Stripe so customers can make purchases directly within the app.”
Microsoft partnered with PayPal for Copilot Checkout in-app purchasing, a read-through on PayPal's positioning in agentic-commerce payment rails.
“GitHub AgentHQ is the organizing layer for all coding agents like Anthropic, OpenAI, Google, Cognition, and xAI in the context of customers' GitHub repos.”
Google's coding agents are supported within Microsoft's GitHub AgentHQ, a read-through on Google's models being distributed through GitHub's multi-agent layer.
“And partners like Adobe, Databricks, Genspaw, Glean, NVIDIA, SAP, ServiceNow, and Workday are already integrating agent 365.”
Workday is named among partners integrating Microsoft's Agent 365 control plane, indicating a Workday-Microsoft agent integration.
“And partners like Adobe, Databricks, Genspaw, Glean, NVIDIA, SAP, ServiceNow, and Workday are already integrating agent 365.”
ServiceNow is named among partners integrating Microsoft's Agent 365, a read-through on the ServiceNow-Microsoft agent interoperability partnership.
“And partners like Adobe, Databricks, Genspaw, Glean, NVIDIA, SAP, ServiceNow, and Workday are already integrating agent 365.”
Adobe is named among partners integrating Microsoft's Agent 365 control plane, indicating an Adobe-Microsoft agent-governance integration.
“This quarter, we added support for GPT-5.0.2 as well as Claude 4.5. Already over 1,500 customers have used both Anthropic and OpenAI models on Foundry.”
Microsoft added Anthropic's Claude 4.5 to Foundry with 1,500+ customers using Anthropic models, a read-through on Anthropic's enterprise distribution through Azure.
“At the silicon layer, we have NVIDIA and AMD and our own Maya chips delivering the best all-up fleet performance, cost, and supply across multiple generations of hardware.”
Microsoft uses AMD silicon in its AI fleet alongside NVIDIA and its own Maya chips, indicating ongoing AMD accelerator demand from Azure.
“At the silicon layer, we have NVIDIA and AMD and our own Maya chips delivering the best all-up fleet performance, cost, and supply across multiple generations of hardware.”
Microsoft relies on NVIDIA silicon (alongside AMD and its own Maya chips) for its AI datacenter fleet, a read-through on continued NVIDIA GPU demand from a major hyperscaler.
Microsoft reported revenue of $81.3 billion, up 17% in constant currency, with Microsoft Cloud crossing $50 billion quarterly and Azure growing 39% in constant currency, while commercial RPO ballooned to $625 billion with 45% attributable to OpenAI and Anthropic commitments. Management raised FY2026 operating margin guidance from flat to 'up slightly' and stepped up Q3 Azure guidance to 37-38% constant currency, as capital expenditures climbed to $37.5 billion with two-thirds allocated to short-lived assets.
Cloud & AI | Revenue Growth | Demand | Capex Investment | Capital Allocation | Competitive Dynamics | Margin | Product Launch | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 8 | 3 | 2 | 1 | 1 | 2 | 2 | |
| 2025Q3 | 6 | 5 | 4 | 3 | 2 | 1 | 1 | |
| 2025Q4 | 5 | 3 | 3 | 2 | 2 | 1 | 2 | 1 |
| 2026Q1 | 4 | 2 | 3 | 1 | 4 | 3 | 1 | |
| 2026Q2 | 5 | 3 | 2 | 3 | 2 | 1 | 2 | 1 |
| 2026Q3 | 2 | 1 | 2 | 2 | 1 | 1 | 1 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 8 | 6 | 5 | 4 | 5 | 2 |
| Revenue Growth | 3 | 5 | 3 | 2 | 3 | 1 |
| Demand | 2 | 4 | 3 | 3 | 2 | 2 |
| Capex Investment | 1 | 3 | 2 | 1 | 3 | 2 |
| Capital Allocation | 1 | 2 | 2 | 4 | 2 | |
| Competitive Dynamics | 2 | 1 | 1 | 3 | 1 | 1 |
| Margin | 1 | 2 | 1 | 2 | 1 | |
| Product Launch | 2 | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Brent Thill | Jefferies | 6 (33%) |
| Keith Weiss | Morgan Stanley | 6 (50%) |
| Mark Moerdler | Bernstein | 6 (0%) |
| Karl Keirstead | UBS | 6 (0%) |
| Mark Murphy | JPMorgan | 3 (0%) |
| Kash Rangan | Goldman Sachs | 3 (33%) |
| Brad Zelnick | Deutsche Bank | 3 (0%) |
| Kirk Materne | Evercore ISI | 2 (0%) |
| Raimo Lenschow | Barclays | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 1 | 6 (33%) |
| Bernstein | 1 | 6 (0%) |
| UBS | 1 | 6 (0%) |
| Morgan Stanley | 1 |
| 6 (50%) |
| Goldman Sachs | 2 | 4 (25%) |
| JPMorgan | 1 | 3 (0%) |
| Deutsche Bank | 1 | 3 (0%) |
| Barclays | 1 | 2 (0%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MSFT Microsoft Corporation | 8 | +18.3% | |
| ADBE Adobe Inc. | 9 | +12.7% | |
| AKAM Akamai Technologies | 6 | +5.8% | |
| CPAY Corpay | 8 | +25.4% | |
| CRWD CrowdStrike | 10 | +25.6% | |
| CRWV CoreWeave, Inc. Class A Common Stock | 8 | +111.7% | |
| FFIV F5, Inc. | 8 | +11.0% | |
| FTNT Fortinet | 10 | +20.1% | |
| GDDY GoDaddy | 7 | +6.1% | |
| GEN Gen Digital | 6 | +27.0% | |
| NET Cloudflare, Inc. | 10 | +33.5% | |
| ORCL Oracle Corporation | 9 | +20.6% | |
| PANW Palo Alto Networks | 9 | +31.1% | |
| PLTR Palantir Technologies | 10 | +84.7% | |
| SNPS Synopsys | 7 | +41.9% | |
| VRSN Verisign | 7 | +6.6% | |
| XYZ Block, Inc. | 8 | +4.9% | |
| ZS Zscaler | 9 | +25.4% |