What is Microsoft's change in inventories?

Microsoft (MSFT) reported change in inventories of $161M in Q1 2026.

How has Microsoft's change in inventories changed year-over-year?

Microsoft's change in inventories increased by 409.6% year-over-year, from -$52M to $161M.

What is the long-term trend for Microsoft's change in inventories?

Over 2 years (2022 to 2024), Microsoft's change in inventories has grown at a 6.9% compound annual growth rate (CAGR), from $1.12B to -$1.28B.

What does change in inventories mean?

Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.

Microsoft MSFT Change in Inventories

Change in Inventories at other companies

International Business MachinesIBM

-$17.5M-142%

AppleAAPL

$873M+236%

AmazonAMZN

-$1.62B-233%

FortinetFTNT

-$23.6M-169%

Corvex MOVE

$42K-80.2%

Other financials

Income statement

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Revenue$82.9B+18.3%

Gross profit$56.1B+16.4%

Operating income$38.4B+20.0%

Net income$31.8B+23.1%

EPS (diluted)$4.27+23.4%

Balance sheet

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Cash & equivalents$32.1B+11.4%

Total debt$125.43B+19.4%

Total equity$414.37B+28.7%

Total assets$694.23B+23.4%

Cash flow

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Operating cash flow$46.7B+26.0%

CapEx$30.9B+84.4%

Free cash flow$15.8B-22.1%

Valuation

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Market cap$2.77T-25.1%

Enterprise value$2.86T-24.2%

P/E22.1×-14.2×

P/S8.7×-4.4×

Profitability

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Gross margin68.3%-0.8pp

Operating margin46.8%+1.6pp

Net margin39.3%+3.6pp

FCF margin22.9%-2.8pp

Returns & leverage

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Return on equity34%+0.4pp

Debt / equity0.3×0.0×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Microsoft in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInInventories.

The official record: Microsoft’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Microsoft's change in inventories?: Microsoft (MSFT) reported change in inventories of $161M in Q1 2026.
How has Microsoft's change in inventories changed year-over-year?: Microsoft's change in inventories increased by 409.6% year-over-year, from -$52M to $161M.
What is the long-term trend for Microsoft's change in inventories?: Over 2 years (2022 to 2024), Microsoft's change in inventories has grown at a 6.9% compound annual growth rate (CAGR), from $1.12B to -$1.28B.
What does change in inventories mean?: Increase or decrease in inventory levels, directly affecting operating cash flow and working capital.