MSFT
Microsoft Corporation
MSFT's fundamentals are strong and it looks cheap: trading at 27x earnings, below its usual 34x. Analysts expect strong earnings growth.
VELO
Velo3D, Inc.
There isn't enough reported data to score VELO yet.
MSFT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
MSFT's revenue, profitability, cash flow and balance sheet are all currently healthy.
VELO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
VELO's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
MSFT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 25x | $523 | — |
| Cheap | 27x | $525 | +0.4% |
| Current | 27x | $523 | — |
| Fair | 34x | $652 | +25% |
| Expensive | 37x | $711 | +36% |
Historical ranges are pointers, not guarantees.
MSFT's PE is in its cheap range at 27x. If earnings grow as analysts expect, today's price would be 25x next year's earnings.
VELO PE Valuation
VELO has no meaningful PE right now: it lost money over the past year.
MSFT Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Stable | |
| Moderate | |
| High |
Analysts expect strong earnings and revenue growth for MSFT, with profitability holding steady.
VELO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
VELO has the edge over MSFT on the outlook, with more favorable profitability expectations.
MSFT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $20.79 | +8.6% |
| Q3 2026 | $19.15 | +36% |
| Q2 2026 | $17.95 | +32% |
| Q1 2026 | $16.80 | +30% |
| Q4 2025 | $15.99 | +29% |
| Q3 2025 | $14.06 | +16% |
| Q2 2025 | $13.64 | +16% |
| Q1 2025 | $12.93 | +12% |
| Q4 2024 | $12.41 | +12% |
MSFT has the stronger earnings trend. Trailing diluted EPS is up 36% for MSFT versus VELO down 140%.
VELO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2024 | -$142.05 | +$214.95 |
| Q3 2024 | -$242.10 | -$131.85 |
| Q2 2024 | -$252.30 | +$25.95 |
| Q1 2024 | -$315.00 | -373% |
| Q4 2023 | -$357.00 | -1460% |
VELO is still losing money, but far less than before: $142.05 per share over the past year, against $357.00 at its worst in late 2023.
MSFT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $92.3B | +19% |
| Q2 2026 | $90B | +18% |
| Q1 2026 | $82.9B | +18% |
| Q4 2025 | $81.3B | +17% |
| Q3 2025 | $77.7B | +18% |
| Q2 2025 | $76.4B | +18% |
| Q1 2025 | $70.1B | +13% |
| Q4 2024 | $69.6B | +12% |
MSFT's revenue has grown year over year every quarter since late 2020: $92.3B last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 50% | +0.9 points |
| Q2 2026 | 45% | +0.2 points |
| Q1 2026 | 46% | +0.7 points |
| Q4 2025 | 47% | +1.6 points |
| Q3 2025 | 49% | +2.3 points |
| Q2 2025 | 45% | +1.8 points |
| Q1 2025 | 46% | +1.1 points |
| Q4 2024 | 45% | +1.9 points |
MSFT has the edge over VELO on profitability, with a higher operating margin.
VELO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.5M | +50% |
| Q2 2026 | $20.7M | +52% |
| Q1 2026 | $13.8M | +48% |
| Q4 2025 | $9.4M | -25% |
| Q3 2025 | $13.6M | +65% |
| Q2 2025 | $13.6M | +31% |
| Q1 2025 | $9.3M | -4.8% |
| Q4 2024 | $12.6M | +648% |
VELO's revenue is recovering but still below its 2022 peak: $20M last quarter, up 50% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -85% | -6.6 points |
| Q2 2026 | -54% | +36 points |
| Q1 2026 | -50% | +78 points |
| Q4 2025 | -231% | -61 points |
| Q3 2025 | -78% | +149 points |
| Q2 2025 | -89% | +109 points |
| Q1 2025 | -128% | +91 points |
| Q4 2024 | -170% | +3280 points |
VELO's operating margin was −85% last quarter, down 6.6 points from the same quarter a year ago.
MSFT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $18.6B | -27% |
| Q2 2026 | $19.6B | -23% |
| Q1 2026 | $15.8B | -22% |
| Q4 2025 | $5.9B | -9.3% |
| Q3 2025 | $25.7B | +33% |
| Q2 2025 | $25.6B | +9.6% |
| Q1 2025 | $20.3B | -3.2% |
| Q4 2024 | $6.5B | -29% |
MSFT has the edge over VELO on cash generation, producing positive trailing cash flow while its opponent burns cash.
VELO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$14.6M | -$8.2M |
| Q2 2026 | -$25.1M | -$22.1M |
| Q1 2026 | -$18.9M | -$6.6M |
| Q4 2025 | -$8.3M | -$6.1M |
| Q3 2025 | -$6.3M | -$4.3M |
| Q2 2025 | -$3M | +$5M |
| Q1 2025 | -$12.3M | +$8.2M |
| Q4 2024 | -$2.2M | +$22.3M |
VELO has burned cash in almost every quarter: −$67M over the past year, against −$24M the year before.
MSFT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -7M shares |
| 1 year | -0.3% | -20M shares |
| 3 years | -0.2% | -16M shares |
| 5 years | -1.6% | -121M shares |
| Available history | -3.2% | -245M shares |
MSFT has the edge over VELO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $4.4B |
| Q2 2026 | $4.6B |
| Q1 2026 | $4.6B |
| Q4 2025 | $7.4B |
| Q3 2025 | $5.7B |
| Q2 2025 | $4.5B |
| Q1 2025 | $4.8B |
| Q4 2024 | $5B |
MSFT spent $21B buying back its own shares over the past year, up 5.2% from the year before.
VELO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9% | +51K shares |
| 1 year | +67% | +247K shares |
VELO has 616,030 diluted shares, up 67% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
MSFT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | 0.1x | Very low |
MSFT's net debt is less than a year of its operating earnings (EBITDA).
VELO Net Leverage
VELO's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
MSFT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 62.1 | Neutral |
| Stochastic | 68.0 | Neutral |
MSFT's weekly RSI is 62 (neutral) and its Stochastic is 68 (neutral).
VELO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.7 | Neutral |
| Stochastic | 3.3 | Oversold |
VELO's weekly RSI is 37 (neutral) and its Stochastic is 3 (oversold).
MSFT PE vs Technology Sector
| Metric | MSFT | Sector median | Relative |
|---|---|---|---|
| PE | 27x | 28x | 2% below |
| PE % | 16 | 35 | 19 pts below |
MSFT is trading at 27x earnings, in line with the Technology sector's median of 28x.
VELO PE vs Technology Sector
VELO has no meaningful PE right now: it lost money over the past year.
MSFT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $524.7 | 0.3% below |
| 20 week MA | $484.8 | 7.9% above |
| 50 week MA | $446.9 | 17% above |
| 100 week MA | $453.8 | 15% above |
| 200 week MA | $411.5 | 27% above |
MSFT has stronger trend alignment. MSFT is above 4 of 5 weekly averages versus VELO above 0 of 4.
VELO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $7.64 | 42% below |
| 20 week MA | $10.4 | 58% below |
| 50 week MA | $13.2 | 67% below |
| 100 week MA | $10.4 | 57% below |
VELO is in a downtrend: it's below all four of its weekly moving averages, and 57% below its 100-week average.
MSFT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $159.0 | $222.8 | +40% |
| 2021 | $222.8 | $334.7 | +50% |
| 2022 | $334.7 | $238.7 | -29% |
| 2023 | $238.7 | $376.0 | +58% |
| 2024 | $376.0 | $430.5 | +14% |
| 2025 | $430.5 | $487.7 | +13% |
| 2026 YTD | $487.7 | $523.0 | +7.2% |
MSFT has the edge over VELO on returns for 2026, with the stronger performance.
VELO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $11.7 | $10.2 | -13% |
| 2025 | $10.2 | $13.5 | +32% |
| 2026 YTD | $13.5 | $4.41 | -67% |
VELO has finished lower in one of the last two years. It's down 67% so far in 2026.