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Apple Vs Microsoft: Which is the Best Tech Investment as Quarterly Results Approach?

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Markets will receive quarterly reports from two of the top software and hardware companies this week resptively, with Microsoft (MSFT - Free Report)  set to release results for its fiscal second quarter on Wednesday, January 28, and Apple (AAPL - Free Report)  reporting results for its fiscal first quarter on Thursday, January 29.

Microsoft’s standout software successes are overwhelmingly in cloud infrastructure and AI-optimized services with respect to its Azure Cloud Platform, enterprise support services, and Microsoft 365 office apps (Word, Excel, PowerPoint).

Meanwhile, Apple’s biggest wins have come from its custom AI-powered silicon chips (M-Series), which are powering new product lines for its MacBook computers, iPads, iPhones, and other emerging AI-centric hardware devices.  

That said, let’s see which Mag 7 tech giant may be the better investment as their quarterly results approach.

 

Microsoft’s Q2 Expectations

Based on Zacks estimates, sales for Microsoft’s fiscal second quarter are expected to be up 15% to $80.23 billion. On the bottom line, Q2 EPS is slated to spike 20% to $3.88. Notably, Microsoft has surpassed the Zacks EPS Consensus for 13 consecutive quarters, posting an average EPS surprise of 8.53% over its last four quarterly reports.

Zacks Investment Research
Image Source: Zacks Investment Research

 

Apple’s Q1 Expectations

As for Apple, sales for its fiscal first quarter are thought to be up 10% to $137.47 billion, with Q2 EPS expected to rise 10% as well to $2.65. Apple has surpassed the Zacks EPS Consensus for 11 straight quarters with an average EPS surprise of 5.42% over its last four quarterly reports.

Zacks Investment Research
Image Source: Zacks Investment Research

 

Tracking Microsoft & Apple’s Outlook

Zacks estimates now call for Microsoft’s FY26 sales to increase 13% to $325.06 billion compared to $281.72 billion last year. Plus, FY27 sales are projected to rise another 14% to $371.89 billion.

Microsoft’s annual earnings are forecasted to rise 14% this year to $15.62 per share from EPS of $13.64 in 2025. More intriguing, FY27 EPS is projected to spike another 17% to $18.26.

Zacks Investment Research
Image Source: Zacks Investment Research

Pivoting to Apple, total sales are expected to rise a respectable 8% to $451.64 billion compared to $416.16 billion in FY25. Apple’s very robust top line is projected to stretch another 8% in FY27 to $487.28 billion.

Annual earnings are forecasted to be up 9% to $8.17 per share from EPS of $7.46 last year. Furthermore, Apple's FY27 EPS is projected to increase another 12% to $9.12.

Zacks Investment Research
Image Source: Zacks Investment Research

 

Recent Performance & Valuation Comparison

Over the last year, Apple's stock is up +11% to slightly outperform Microsoft’s +9%, although both have lagged the broader index's returns of more than +15%.

In the last three years, MSFT and AAPL have edged the S&P 500 but have trailed the Nasdaq’s gains of more than +100%, with Microsoft’s +90% edging Apple’s return of nearly +80%.

Zacks Investment Research
Image Source: Zacks Investment Research

Ironically, at their current levels, both stocks trade at roughly 30X forward earnings, with Microsoft shares trading at around $470 and Apple stock at around $250. Microsoft has a slightly more attractive PEG ratio of 1.7X when comparing the P/E ratio to their long-term growth rate consensus, with Apple at 2.2X.

In terms of price-to-forward-sales, Apple stock trades at a more reasonable 8X versus Microsoft’s 11X. Still, Microsoft’s more attractive top line trajectory makes up for the slight P/S premium.

Zacks Investment Research
Image Source: Zacks Investment Research

 

Bottom Line

Ahead of their quarterly reports, Microsoft stock sports a Zacks Rank #2 (Buy), with Apple shares landing a Zacks Rank #3 (Hold) at the moment.

More short-term upside may favor MSFT, especially if the software giant can meet its lofty quarterly expectations. Apple, on the other hand, isn’t receiving quite the AI growth-related boost that has compelled investors, but AAPL may certainly be worth holding in the portfolio as the hardware leader continues to propel its devices with more advanced chips.


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