[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-microsoft-offers-buyouts-to-60000-employees-what-could-it-mean-for-margins-ZH":150},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[],{"post":151,"seo":187,"relatedPosts":193,"suggestedPosts":273},{"id":152,"title":153,"date":154,"modified":155,"excerpt":156,"content":157,"wordCount":158,"lang":159,"uri":160,"slug":161,"cloudinaryAssetId":162,"featuredImageOriginalUrl":163,"featuredImageMetadata":164,"author":167,"editor":173,"categories":178,"relatedPosts":184,"seo":185},145853,"微软向6万名员工提供买断方案。这对利润率可能意味着什么？","2026-10-26T17:06:32","2026-10-26T17:06:41","\u003Cp>微软刚刚向四分之一的员工提供了买断方案。此举背后的利润率计算比6万人的头条数字所暗示的更微妙，也更令人费解。\u003C\u002Fp>","\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>微软 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=21835&tid=2630413&ref=q2enxr\">MSFT\u003C\u002Fa>)\u003C\u002Fstrong> 正向大约 60,000 名员工提供买断方案，约占其 \u003Ca href=\"https:\u002F\u002Fnews.microsoft.com\u002Ffacts-about-microsoft\u002F\">223,000 名员工\u003C\u002Fa> 的 27%。首席人事官 Amy Coleman 于 10 月 26 日 \u003Ca href=\"https:\u002F\u002Fblogs.microsoft.com\u002Fblog\u002F2026\u002F10\u002F26\u002Fintroducing-a-voluntary-exit-offer\u002F\">宣布了这项自愿离职计划\u003C\u002Fa>。该计划面向美国、加拿大、英国和印度参与团队中符合条件的 70 级及以下员工开放。\u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2026\u002F10\u002F26\u002Fmicrosoft-msft-voluntary-buyouts.html\">CNBC 援引知情人士消息报道了\u003C\u002Fa> 60,000 这个数字。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这个数字是符合资格的人数，而非裁员人数。微软尚未透露预计有多少人会接受、该计划将花费多少成本、或希望节省多少开支，员工有直到 12 月的时间来做决定。公司还告诉 GeekWire，这项计划并不表示公司需要更少的人手。\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">此次买断与春季计划有何不同\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>\u003Cstrong>范围更广：\u003C\u002Fstrong> 四月份的退休计划覆盖了约 8,750 名美国员工，条件是年龄加服务年限总和至少为 70 年。此次计划没有年龄或服务年限要求，绩效也不是考虑因素。\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>四个国家：\u003C\u002Fstrong> 覆盖美国、加拿大、英国和印度，但仅限于选择参与的团队。\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>预期接受率较低：\u003C\u002Fstrong> 微软告诉 GeekWire，预计接受比例将远低于退休计划约 30% 的接受率。\u003C\u002Fli>\n\n\n\n\u003Cli>\u003Cstrong>首轮计划的初步成本估算：\u003C\u002Fstrong> 微软最初预计退休计划会产生 9 亿美元的费用，但其 7 月 29 日的财报显示该计划的实际费用低于预期，但未给出最终数字。该计划提供最多 39 周的工资以及最多五年的持续医疗保健福利，但仅第一年完全由公司补贴。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">微软运营已较 2021 年更为精简\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">微软的两大主要运营费用项目——研发费用以及销售、一般和管理费用——在截至 6 月 30 日的 2026 财年总计为 702.3 亿美元。这占该财年 3318 亿美元收入的 21.2%，低于 2021 财年的 27.3%。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1116\" height=\"744\" data-public-id=\"images\u002Fimage-629_145863afcaa\u002Fimage-629_145863afcaa.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1116,h_744,c_scale\u002Ff_webp,q_auto\u002Fv1793033355\u002Fimages\u002Fimage-629_145863afcaa\u002Fimage-629_145863afcaa.png?_i=AA\" alt=\"\" class=\"wp-post-145853 wp-image-145863\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793033355\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793033355\u002Fimages\u002Fimage-629_145863afcaa\u002Fimage-629_145863afcaa.png?_i=AA 1116w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793033355\u002Fimages\u002Fimage-629_145863afcaa\u002Fimage-629_145863afcaa.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793033355\u002Fimages\u002Fimage-629_145863afcaa\u002Fimage-629_145863afcaa.png?_i=AA 300w\" sizes=\"auto, (max-width: 1116px) 100vw, 1116px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">MSFT 销售、一般和管理费用及研发费用：2021-2025 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">过去五年间，收入几乎翻倍。运营费用增长了 53%，员工人数从 181,000 人增至 223,000 人，增长了 23%。人均收入从约 92.9 万美元增至约 149 万美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这正是利润率提升的来源。息税前利润率从 41.6% 上升至 46.8%，而毛利率则因 AI 基础设施成本计入收入成本，从 68.9% 下滑至 67.9%。微软所有运营利润率的扩张都来自于运营费用相对于销售额的缩减。此次买断计划是同一方向的进一步举措。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"1122\" height=\"742\" data-public-id=\"images\u002Fimage-630_14586481baa\u002Fimage-630_14586481baa.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1122,h_742,c_scale\u002Ff_webp,q_auto\u002Fv1793033536\u002Fimages\u002Fimage-630_14586481baa\u002Fimage-630_14586481baa.png?_i=AA\" alt=\"\" class=\"wp-post-145853 wp-image-145864\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793033536\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793033536\u002Fimages\u002Fimage-630_14586481baa\u002Fimage-630_14586481baa.png?_i=AA 1122w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_198,c_scale\u002Ff_webp,q_auto\u002Fv1793033536\u002Fimages\u002Fimage-630_14586481baa\u002Fimage-630_14586481baa.png?_i=AA 300w\" sizes=\"auto, (max-width: 1122px) 100vw, 1122px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">MSFT 毛利率与息税前利润率：2021-2025 \u003Cstrong>(TIKR)\u003C\u002Fstrong>\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Ch2 id=\"h-tikr-tracks-57-analysts-on-microsoft-how-many-say-buy\" class=\"wp-block-heading\">\u003Cstrong>TIKR 追踪 57 位分析师对微软的看法。有多少人给出“买入”评级？\u003C\u002Fstrong>\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">查看微软的买入、持有和卖出评级的完整细分，以及华尔街的收入和盈利预测，全部集中在一处。超过 50 万投资者使用 TIKR 研究像这样的股票。\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">查看微软的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">微软能节省多少开支？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">少于标题暗示的规模。假设 10% 的符合资格员工接受：那就是 6,000 人离职，约占员工总数的 2.7%。作为参考，研发及销售、一般和管理费用减少 2.7% 每年可节省约 19 亿美元，相当于 2026 财年收入基础上运营利润率提升约 0.6 个百分点。但 6,000 人离职并不必然产生等额的节省：节省金额取决于薪酬水平、哪些职能失去人员以及这些职位是否会被填补。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">更重要的是趋势方向。首席财务官 Amy Hood 在四月份表示，员工人数将在 2027 财年再次下降，而微软的员工人数在 2026 财年已从 228,000 人减少至 223,000 人。在 AI 折旧给毛利率带来压力的情况下，保持运营费用增速低于收入增速是微软捍卫 46.8% 运营利润率的主要方式。这项计划使其能够在不直接点名的情况下实现这一目标。\u003C\u002Fp>\n\n\n\n\u003Ch2 class=\"wp-block-heading\">为何微软 10 月 28 日的财报比备忘录更重要\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">微软将于 10 月 28 日周三收盘后公布 2027 财年第一季度业绩。首先要关注的是费用计提。Hood 在宣布退休计划后一周内就给出了具体数字，而此次计划的费用数字将是第一个真正揭示微软预算了多少离职人数的线索。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">其次是运营费用项目。全年运营费用指引不变并不能排除节省的可能性：节省的费用可能被离职费用或他处额外支出所抵消。更低的指引将强化利润率提升的预期，但管理层需要解释有多少变化来自持续的买断节省。我会将运营费用指引，而非 60,000 这个数字，视为回答标题问题的关键数据。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-microsoft-stock-actually-worth\" class=\"wp-block-heading\">那么微软股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cbr>TIKR 让你能在一分钟内预测任何股票的未来价格。只需在 TIKR 的估值模型中输入几个假设，就能看到 MSFT 股票可能的价值。可以从华尔街共识预测开始，或调整输入参数以反映你对业务的看法。完全免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">免费为微软公司估值\u003Cstrong>\u003Cem>→\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-disclaimer\" class=\"wp-block-heading\">免责声明：\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR 上的文章并非来自 TIKR 或我们的内容团队的投资或财务建议，也不是买入或卖出任何股票的建议。我们的内容基于 TIKR Terminal 的投资数据和分析师预测。我们的分析可能未包含近期公司新闻或重要更新。TIKR 未持有任何提及股票的头寸。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",864,"zh","\u002Fblog\u002Fmicrosoft-offers-buyouts-to-60000-employees-what-could-it-mean-for-margins","microsoft-offers-buyouts-to-60000-employees-what-could-it-mean-for-margins","images\u002FFEATURED-IMAGE-MAKER-1901_14586534969\u002FFEATURED-IMAGE-MAKER-1901_14586534969","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793033681\u002Fimages\u002FFEATURED-IMAGE-MAKER-1901_14586534969\u002FFEATURED-IMAGE-MAKER-1901_14586534969.png?_i=AA",{"altText":165,"imageCredit":166},"Microsoft Offers Buyouts to 60,000 Employees. What Could It Mean for Margins?","Natee Meepian's Images and Mike Marchetti from baseimage via Canva",{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":172},"Gian Estrada","giantikr","author","",[],{"name":174,"slug":175,"role":176,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":177},"David Hanson","davidtikr","editor",[],[179],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":165,"metaDesc":186,"opengraphDescription":186,"twitterTitle":165,"twitterDescription":186},"Microsoft just offered buyouts to a quarter of its staff. The margin math behind the move is smaller, and stranger, than the 60,000 headline implies.",{"title":165,"description":186,"twitterTitle":165,"twitterDescription":186,"author":168,"articlePublisher":188,"articlePublishedTime":154,"articleModifiedTime":155,"twitterLabel1":189,"twitterData1":190,"ogTitle":165,"ogDescription":186,"ogUrl":160,"ogImage":163,"ogImageWidth":191,"ogImageHeight":192,"ogImageSecureUrl":163,"ogImageAlt":165,"twitterImage":163},"TIKR.com","预计阅读时间","2 minutes",1200,630,[194,211,226,241,256],{"id":183,"title":195,"date":196,"excerpt":197,"wordCount":198,"uri":199,"slug":200,"cloudinaryAssetId":201,"featuredImageOriginalUrl":202,"featuredImageMetadata":203,"author":204,"categories":208,"relatedPosts":210},"Netflix股价下跌3%，因彭博报告显示用户观看时长减少：\"我们知道我们可以做得更好\"","2026-10-26 16:46:59","管理层对此并非毫不知情",703,"\u002Fblog\u002Fnetflix-sinks-3-as-bloomberg-report-shows-users-watching-less-we-know-that-we-can-do-better","netflix-sinks-3-as-bloomberg-report-shows-users-watching-less-we-know-that-we-can-do-better","images\u002Fglum-woman-falling-red-arrow\u002Fglum-woman-falling-red-arrow","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793029777\u002Fimages\u002Fglum-woman-falling-red-arrow\u002Fglum-woman-falling-red-arrow.png?_i=AA",{"altText":195},{"name":205,"slug":206,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":207},"Roxanna Maglangit","roxtikr",[],[209],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":212,"date":213,"excerpt":214,"wordCount":215,"uri":216,"slug":217,"cloudinaryAssetId":218,"featuredImageOriginalUrl":219,"featuredImageMetadata":220,"author":221,"categories":223,"relatedPosts":225},"布鲁姆能源股价飙升7%，此前巴克莱上调目标价，此前财报后遭遇抛售","2026-10-26 16:42:01","周五的卖家可能操之过急了",690,"\u002Fblog\u002Fbloom-energy-soars-7-on-barclays-price-target-hike-after-post-earnings-rout","bloom-energy-soars-7-on-barclays-price-target-hike-after-post-earnings-rout","images\u002Fdelighted-woman-rising-chart-and-trading-screens\u002Fdelighted-woman-rising-chart-and-trading-screens","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793031592\u002Fimages\u002Fdelighted-woman-rising-chart-and-trading-screens\u002Fdelighted-woman-rising-chart-and-trading-screens.png?_i=AA",{"altText":212},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":222},[],[224],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":227,"date":228,"excerpt":229,"wordCount":230,"uri":231,"slug":232,"cloudinaryAssetId":233,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":236,"categories":238,"relatedPosts":240},"Datadog股价飙升4%，奥本海默将目标价上调至330美元，11月4日财报发布在即","2026-10-26 16:41:36","华尔街在11月4日之前不断提高预期门槛",738,"\u002Fblog\u002Fdatadog-soars-4-as-oppenheimer-lifts-price-target-to-330-ahead-of-nov-4-earnings","datadog-soars-4-as-oppenheimer-lifts-price-target-to-330-ahead-of-nov-4-earnings","images\u002Fgrinning-bearded-man-rising-green-arrow\u002Fgrinning-bearded-man-rising-green-arrow","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792770979\u002Fimages\u002Fgrinning-bearded-man-rising-green-arrow\u002Fgrinning-bearded-man-rising-green-arrow.png?_i=AA",{"altText":227},{"name":205,"slug":206,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":237},[],[239],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":242,"date":243,"excerpt":244,"wordCount":245,"uri":246,"slug":247,"cloudinaryAssetId":248,"featuredImageOriginalUrl":249,"featuredImageMetadata":250,"author":251,"categories":253,"relatedPosts":255},"ORIC Pharmaceuticals股价暴跌22%，因强生公布竞争性前列腺癌数据","2026-10-26 16:39:42","周五的好消息并未持续太久",746,"\u002Fblog\u002Foric-pharmaceuticals-sinks-22-as-jj-presents-rival-prostate-cancer-data","oric-pharmaceuticals-sinks-22-as-jj-presents-rival-prostate-cancer-data","images\u002Fpuzzled-man-with-a-tablet-falling-chart-and-trading-screens_14582053b8d\u002Fpuzzled-man-with-a-tablet-falling-chart-and-trading-screens_14582053b8d","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793030373\u002Fimages\u002Fpuzzled-man-with-a-tablet-falling-chart-and-trading-screens_14582053b8d\u002Fpuzzled-man-with-a-tablet-falling-chart-and-trading-screens_14582053b8d.png?_i=AA",{"altText":242},{"name":205,"slug":206,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":252},[],[254],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":257,"date":258,"excerpt":259,"wordCount":260,"uri":261,"slug":262,"cloudinaryAssetId":263,"featuredImageOriginalUrl":264,"featuredImageMetadata":265,"author":266,"categories":270,"relatedPosts":272},"特斯拉股价飙升6%，因巴克莱上调评级，称SpaceX合并是\"特斯拉看涨论点的关键部分\"","2026-10-26 16:28:00","收购底价的有效性，完全取决于其背后的投票支持力度。",716,"\u002Fblog\u002Ftesla-soars-6-on-barclays-upgrade-calling-spacex-merger-key-part-of-the-tesla-bull-case","tesla-soars-6-on-barclays-upgrade-calling-spacex-merger-key-part-of-the-tesla-bull-case","images\u002Felon-musk-onstage-spacex-falcon-9-launch\u002Felon-musk-onstage-spacex-falcon-9-launch","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793023734\u002Fimages\u002Felon-musk-onstage-spacex-falcon-9-launch\u002Felon-musk-onstage-spacex-falcon-9-launch.png?_i=AA",{"altText":257},{"name":267,"slug":268,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":269},"Michael Douglass","michaeldouglass",[],[271],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],[274,294,309,323,338,358,373,388,403],{"id":183,"title":275,"date":276,"excerpt":277,"wordCount":278,"uri":279,"slug":280,"cloudinaryAssetId":281,"featuredImageOriginalUrl":282,"featuredImageMetadata":283,"author":284,"categories":288,"relatedPosts":293},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":275},{"name":285,"slug":286,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":287},"Aditya Raghunath","adityatikr",[],[289],{"name":290,"slug":291,"uri":292,"description":171,"postsCount":183},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":183,"title":295,"date":296,"excerpt":297,"wordCount":298,"uri":299,"slug":300,"cloudinaryAssetId":301,"featuredImageOriginalUrl":302,"featuredImageMetadata":303,"author":304,"categories":306,"relatedPosts":308},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":295},{"name":285,"slug":286,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":305},[],[307],{"name":290,"slug":291,"uri":292,"description":171,"postsCount":183},[],{"id":183,"title":310,"date":296,"excerpt":311,"wordCount":312,"uri":313,"slug":314,"cloudinaryAssetId":315,"featuredImageOriginalUrl":316,"featuredImageMetadata":317,"author":318,"categories":320,"relatedPosts":322},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":310},{"name":285,"slug":286,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":319},[],[321],{"name":290,"slug":291,"uri":292,"description":171,"postsCount":183},[],{"id":183,"title":324,"date":325,"excerpt":326,"wordCount":327,"uri":328,"slug":329,"cloudinaryAssetId":330,"featuredImageOriginalUrl":331,"featuredImageMetadata":332,"author":333,"categories":335,"relatedPosts":337},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":324},{"name":285,"slug":286,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":334},[],[336],{"name":290,"slug":291,"uri":292,"description":171,"postsCount":183},[],{"id":183,"title":339,"date":340,"excerpt":341,"wordCount":342,"uri":343,"slug":344,"cloudinaryAssetId":345,"featuredImageOriginalUrl":346,"featuredImageMetadata":347,"author":348,"categories":352,"relatedPosts":357},"埃克森美孚股价创下收盘新高，布伦特原油突破116美元。展望2030年该股走势","2026-10-26 07:55:00","埃克森美孚10月23日收盘创下183.21美元的历史新高，当时布伦特原油价格突破每桶116美元，目前其股价已超过华尔街分析师的平均目标价。该公司首席财务官表示，与先锋自然资源合并的协同效应已翻倍，且埃克森的目标是通过更少的油井使二叠纪盆地的采收率翻倍，这是公司可控的一项成本杠杆。",791,"\u002Fblog\u002Fexxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","exxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","images\u002F13-10\u002F13-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976181\u002Fimages\u002F13-10\u002F13-10.png?_i=AA",{"altText":339},{"name":349,"slug":350,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":351},"Wiltone 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07:50:00","Rivian股价在收购一家人工智能模拟初创公司次日触及52周低点，延续了数周前开始的19%跌幅。10月29日的财报如今必须证明其成本结构能够承载自动驾驶研发支出。",925,"\u002Fblog\u002Frivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","rivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","images\u002F12-10_145310df477\u002F12-10_145310df477","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976166\u002Fimages\u002F12-10_145310df477\u002F12-10_145310df477.png?_i=AA",{"altText":359},{"name":349,"slug":350,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":369},[],[371],{"name":354,"slug":355,"uri":356,"description":171,"postsCount":183},[],{"id":183,"title":374,"date":375,"excerpt":376,"wordCount":377,"uri":378,"slug":379,"cloudinaryAssetId":380,"featuredImageOriginalUrl":381,"featuredImageMetadata":382,"author":383,"categories":385,"relatedPosts":387},"Robinhood股票在10月发布第三季度财报前下跌了15%。以下是其到2030年的潜在走向","2026-10-26 07:45:00","Robinhood在10月27日财报发布前，两个交易日累计下跌6.73%，走势与Coinbase同步。10月22日的两项进展指向可能不会在其加密货币收入项中体现的加密活动：比特币价格合约以及Morpho为其股票代币推出的首个借贷市场。",854,"\u002Fblog\u002Frobinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","robinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","images\u002F11-11_145309e717b\u002F11-11_145309e717b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976143\u002Fimages\u002F11-11_145309e717b\u002F11-11_145309e717b.png?_i=AA",{"altText":374},{"name":349,"slug":350,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":384},[],[386],{"name":354,"slug":355,"uri":356,"description":171,"postsCount":183},[],{"id":183,"title":389,"date":390,"excerpt":391,"wordCount":392,"uri":393,"slug":394,"cloudinaryAssetId":395,"featuredImageOriginalUrl":396,"featuredImageMetadata":397,"author":398,"categories":400,"relatedPosts":402},"沃尔玛股价10月上涨15%，尽管盈利预测并未上调。以下是其到2031年的潜在走势","2026-10-26 07:40:00","沃尔玛股价在9月30日至10月23日期间上涨了15.4%，但分析师对其未来12个月的每股收益（EPS）预估仍维持在3.00美元。几乎全部涨幅都源于更高的估值倍数，而公司此前在11月19日发布的业绩指引中，预计每股收益增长仅为0%至3%。",832,"\u002Fblog\u002Fwalmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","walmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","images\u002F10-14_145308a5c00\u002F10-14_145308a5c00","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976123\u002Fimages\u002F10-14_145308a5c00\u002F10-14_145308a5c00.png?_i=AA",{"altText":389},{"name":349,"slug":350,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":399},[],[401],{"name":354,"slug":355,"uri":356,"description":171,"postsCount":183},[],{"id":183,"title":404,"date":405,"excerpt":406,"wordCount":407,"uri":408,"slug":409,"cloudinaryAssetId":410,"featuredImageOriginalUrl":411,"featuredImageMetadata":412,"author":413,"categories":415,"relatedPosts":417},"苹果短暂超越英伟达，英伟达股价跌幅达12%。苹果股票到2030年可能走向何方","2026-10-26 07:35:00","苹果公司于10月23日短暂超越英伟达，成为全球市值最高的公司，股价创下351.73美元的历史新高。其人工智能战略所需资本支出极少，但以38倍的市盈率来看，11月2日公布的利润率数据将决定其估值倍数。",845,"\u002Fblog\u002Fapple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","apple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","images\u002F9-15_1453077213e\u002F9-15_1453077213e","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976106\u002Fimages\u002F9-15_1453077213e\u002F9-15_1453077213e.png?_i=AA",{"altText":404},{"name":349,"slug":350,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":414},[],[416],{"name":354,"slug":355,"uri":356,"description":171,"postsCount":183},[]]