Strategy (MSTR) Set to Release Earnings on Thursday

Strategy (NASDAQ:MSTR) will likely be releasing its Q3 2026 results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $20.19 per share and revenue of $128.03 million for the quarter. Parties can find conference call details on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 29, 2026 at 5:00 PM ET.

Strategy (NASDAQ:MSTR) last released its quarterly earnings data on Friday, July 31st. The software maker reported ($24.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.19) by ($22.26). The firm had revenue of $122.37 million for the quarter, compared to the consensus estimate of $122.90 million. Strategy had a negative net margin of 6,102.95% and a negative return on equity of 74.18%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $32.52 earnings per share. On average, analysts expect Strategy to post ($15.60) EPS for the current fiscal year and $17.61 EPS for the next fiscal year.

Strategy Stock Down 4.2%

Shares of Strategy stock opened at $139.82 on Tuesday. The company has a 50-day simple moving average of $140.63 and a two-hundred day simple moving average of $134.96. The stock has a market capitalization of $53.72 billion, a PE ratio of -1.44 and a beta of 3.56. Strategy has a 52-week low of $81.81 and a 52-week high of $299.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.39 and a current ratio of 5.39.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $435.00 price target (down from $570.00) on shares of Strategy in a research report on Monday, July 27th. Mizuho set a $165.00 price objective on shares of Strategy in a report on Monday, August 10th. Wall Street Zen raised Strategy from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 16th. Weiss Ratings cut Strategy from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday, August 4th. Finally, TD Cowen reduced their target price on Strategy from $400.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.13.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Strategy continues to hold a substantial Bitcoin treasury of 848,517 BTC, acquired at an average price of approximately $75,446 per coin. Bitcoin’s price above that level supports the value of the company’s holdings and could improve reported results ahead of the expected third-quarter earnings release. Strategy cash reserves and Bitcoin holdings
• Positive Sentiment: Executive Chairman Michael Saylor remains bullish on Bitcoin, citing rising institutional adoption as a potential catalyst for further gains in 2027. A stronger Bitcoin market would likely provide significant upside leverage for MSTR. Michael Saylor’s Bitcoin outlook
• Neutral Sentiment: Strategy repurchased 2,068,459 STRC preferred shares for approximately $204.9 million. The transaction may support the value of its preferred securities and reshape the capital structure, but it directs funds away from additional Bitcoin purchases. Strategy STRC repurchase
• Neutral Sentiment: Strategy is scheduled to report third-quarter results after the bell on October 29. Investors are anticipating a potentially large accounting gain from Bitcoin’s recovery, but results may remain highly sensitive to cryptocurrency prices and fair-value adjustments. Strategy third-quarter earnings preview
• Negative Sentiment: The company made no Bitcoin purchases or sales during the latest reporting week, ending its four-week buying streak. Investors viewed the pause as a less aggressive treasury strategy, particularly as other crypto-treasury companies continued adding digital assets. Strategy pauses Bitcoin purchases
• Negative Sentiment: The STRC repurchase reduced reported additional cash by roughly 46% to $242.4 million, raising concerns about liquidity and whether Strategy could eventually need to sell Bitcoin to fund dividends, interest, or other obligations. Although management says total cash reserves can cover several years of payments, the reduced near-term cash balance remains a concern. Strategy cash reduction following STRC buyback

Insider Activity at Strategy

In other news, Director Jarrod Patten sold 1,350 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $156.16, for a total transaction of $210,816.00. Following the completion of the transaction, the director directly owned 28,406 shares of the company’s stock, valued at $4,435,880.96. The trade was a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 10,200 shares of company stock valued at $1,443,356 in the last three months. Insiders own 5.40% of the company’s stock.

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.