Strategy reports Thursday: the numbers to know before MSTR earnings

Strategy (MSTR) reports results for its quarter ending September 2026 after the close on Thursday, 29 October. The consensus forecast is earnings of $21.50 a share, based on 3 analyst estimates compiled by Zacks and published by Nasdaq. A year earlier the company reported $8.42 for the same quarter, so the forecast implies EPS growth of +155.3%.

Shares closed at $146.01 on Friday, 23 October, up 0.14% on the day, for a market value of about $61.52B according to Nasdaq. The stock is down 3.9% so far in 2026, and sits 50.6% below its 52-week closing high of $295.63 from 27 October.

What the last report showed

In its most recent quarterly report (a 10-Q for the period ended 30 June 2026, filed 3 August), Strategy reported revenue of $122.4M, up 6.9% from $114.5M a year earlier and 1.6% below the previous quarter's $124.3M. Net income was -$8.2B, down from $10.0B. Diluted earnings per share came to -$24.45 against $32.60 a year before.

Gross margin was 66.6%, compared with 68.8% a year earlier. Over the latest four reported quarters, revenue totals $498.3M. The balance sheet showed $1.7B of cash and equivalents at 30 Jun 2026.

The earnings track record

Strategy has topped the consensus EPS estimate in 1 of the last 4 quarters, according to Nasdaq's earnings-surprise data. (These EPS figures are on the adjusted basis Zacks tracks, which can differ from the GAAP diluted EPS in the SEC filing.) Most recently, for the quarter ending June 2026, it reported -$24.45 a share against a $52.04 forecast, a -147.0% surprise.

Measured from the close before each report date to the close of the next session after it, the shares moved an average of 2.1% (in either direction) around the last 4 releases. The biggest swing was +4.5% around the report dated 5 February 2026.

What the forecast implies

The $21.50 consensus sits 188% above the -$24.45 Strategy reported for the previous quarter.