Technology • Cloud Infrastructure & Enterprise Software • SIC 7372
$521.91 ▼ -8.23
(-1.55%)
MKT CAP: $3.94T • VOL: 35.65M
52W L $213 52W H $555
MSFT // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: Form 10-K (FY2026) // Item 1 Cloud Infrastructure & Note 13
01 // UPSTREAM SUPPLIERS & FOUNDRIES
NVDA <GO>
CRITICAL
NVIDIA Corporation
SUPPLIER • Azure AI Hopper/Blackwell GPU Clusters & InfiniBand Fabrics
EST. COGS / CAPEX SHARE 45%
EVIDENCE: 10-K Capital Expenditures ($60B+ Cloud/AI Capex) & Item 1A GPU Supply
AMD <GO>
HIGH
Advanced Micro Devices, Inc.
SUPPLIER • EPYC Server CPUs, MI300X Azure VMs & Xbox Custom SoCs
EST. COGS / CAPEX SHARE 16%
EVIDENCE: 10-K Server Compute & Gaming Hardware Sourcing
ORCL <GO>
MODERATE
Oracle Corporation (OCI Interconnect)
FOUNDRY / INFRA • Oracle Database@Azure Multi-Cloud Colocation Infrastructure
EST. COGS / CAPEX SHARE 8%
EVIDENCE: 10-K Strategic Cloud Alliance Disclosures
CORE VALUE-CHAIN HUB NASDAQ
MSFT // Microsoft Corporation
GROSS MARGIN
67.7%
OP MARGIN
47.1%
ROIC %
26.5%
MKT CAP
$3.94T
UPSTREAM INPUTS ──► MSFT OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
JPM <GO>
REV SHARE: ~42%
Fortune 500 Financial & Enterprise Seat Base
CUSTOMER • Enterprise E5 Licensing, Azure Cloud & Copilot Seats
EVIDENCE: 10-K Commercial Remaining Performance Obligations ($260B+ RPO)
UNH <GO>
REV SHARE: ~14%
Healthcare & Regulated Enterprise Cloud Workloads
CUSTOMER • Azure Healthcare Cloud, Nuance Clinical AI & Security
EVIDENCE: 10-K Intelligent Cloud Vertical Segment Commentary
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| MSFT ★ | Microsoft Corporation | $521.91 | $3.94T | 67.7% | 47.1% | 26.5% | 19.9x | +17.9% | SUBJECT ISSUER |
| AMZN | Amazon.com, Inc. | $243.79 | $2.63T | — | — | 17.6% | 15.8x | — | MSFT VS AMZN <GO> |
| GOOGL | Alphabet Inc. | $283.82 | $3.49T | 60.9% | 33.3% | 16.6% | 19.9x | +22.2% | MSFT VS GOOGL <GO> |
| CRM | Salesforce, Inc. | $230.90 | $190.03B | 77.3% | 19.9% | 9.9% | 18.7x | +11.2% | MSFT VS CRM <GO> |
| NVDA | NVIDIA Corporation | $213.66 | $5.15T | 74.7% | 65.2% | 65.1% | 23.2x | +83.4% | MSFT VS NVDA <GO> |
| AAPL | Apple Inc. | $348.91 | $5.09T | 48.6% | 33.2% | 81.4% | 30.1x | +14.2% | MSFT VS AAPL <GO> |
| TSM | Taiwan Semiconductor Manufacturing Company Ltd. | $431.81 | $2.24T | — | 21.1% | 14.9% | 14.9x | -3.3% | MSFT VS TSM <GO> |