Microsoft Q4 FY26: revenue $90.0B, Azure +43%, FY26 revenue $331.8B

Microsoft MSFT Amy Hood Satya Nadella AI datacenter buildout (Fairwater and Azure AI capacity)

Revenue rose 18% to $90.0 billion and GAAP EPS was $4.81, up 32%. Non-GAAP EPS was $4.74, up 23%, excluding OpenAI investment effects. Azure and other cloud services grew 43%, and Microsoft said Azure revenue passed $100 billion for the fiscal year. Capex additions to property and equipment were $35.8 billion in the quarter, and commercial remaining performance obligation reached $678 billion, up 84%.

Revenue $90,007M, up 18%; FY26 revenue $331,839M, up 18%
GAAP net income $35,766M; non-GAAP $35,286M
Intelligent Cloud $39,306M, up 32%; Productivity and Business Processes $37,847M, up 14%; More Personal Computing $12,854M, down 4%
Capex $35,802M in Q4 and $115,948M for FY26
Q4 included a $3.2B gain from the Anthropic investment; OpenAI net gains $480M
Commercial RPO $678B, up 84%

MSFT around the story · hourly24 h reaction ▲ 15.11%

Moves this explains

AMZN+12.18%Jul 29 · Jumped 12.2% around the Q2 2026 report, which showed AWS sales up 37% and raised the 2026 capex plan to about $220B. Shares were reported up roughly 7-9% after hours that evening.MSFT+5.59%Jul 29 · Surged as much as 17% on the day after fiscal Q4 results showed Azure growing 43%, with guidance for about 45% Azure growth next quarter. It was the biggest one-day gain since 2008.MU+22.79%Jul 29 · Micron rose 22.79% on July 30, a chip rebound after a multi-day rout: Intel +17.15%, AMD +16.68%, Amazon +12.18%, TSMC +10.1%, and Microsoft +5.59%. Coverage ties the rebound to Microsoft's results and also notes Amazon raising its 2026 capex on memory costs.QQQ+3.29%Jul 29 · QQQ rose 3.29% to 689.07 with S&P 500 +1.45%, in an earnings-heavy week. AMZN +12.18%, MSFT +5.59%, TSM +10.10% and chip names such as MU +22.79%, INTC +17.15% and AMD +16.68% led the gains, while AAPL fell 7.99%. Microsoft's Q4 FY26 and Amazon's capex raise are the nearby results behind the two largest gainers.MSFT+7.34%Jul 28 · In our data, the stock gained 7.3% on Jul 29, the day Microsoft released fiscal Q4 2026 results after the close. Press reports say the stock rose about 16% on Jul 30 (Fortune: up as much as 17%, the biggest one-day gain since 2008) after revenue, EPS and 43% Azure growth beat estimates. The Jul 29 close of 424.87 in the data does not match the reported Jul 29 close of $390.54, so the date or price shown here may be off by a day.AMD+16.68%Jul 29 · AMD rose 16.7% in an AI-infrastructure rally: Micron +22.8%, Intel +17.2%, Amazon +12.2%, TSMC +10.1%, Microsoft +5.6%, while Apple fell 8.0% after its June-quarter report. Amazon raised its 2026 capex to about $220B from $200B, and Microsoft's Azure grew 43%. The S&P 500 gained 1.5%.TSM+10.10%Jul 29 · TSM rose 10.10% in an AI-infrastructure rally: MU +22.79%, INTC +17.15%, AMD +16.68%, AMZN +12.18%, ORCL +9.28% and MSFT +5.59%, with SPX +1.45%. The day followed Amazon's raised 2026 capex plan and Microsoft's Azure growth of 43%, both of which point to heavier AI data-center spending.AVGO+4.68%Jul 29 · Broadcom rose 4.68% on the AI-infrastructure read-through from big-tech earnings: Amazon +12.18% after it raised its 2026 capex to about $220B, and Microsoft +5.59% after Azure grew 43%. Micron (+22.79%), AMD (+16.68%) and TSMC (+10.10%) also rallied, with the S&P 500 +1.45%.CBRS+19.60%Jul 29 · Rose about 19% in a broad AI rally after Microsoft and Meta reported: Nasdaq-100 ETF +3.3%, S&P 500 +1.5%, Nvidia +2.9%. No Cerebras-specific news was reported.CRDO+20.15%Jul 29 · Rose about 20.3% as AI infrastructure stocks surged after Microsoft reported Azure growth of 43% and Lam Research guided its September quarter sharply higher.NBIS+31.88%Jul 29 · Rose about 31.9% as AI infrastructure stocks surged after Microsoft reported Azure growth of 43% and Lam Research guided its September quarter sharply higher.CRWV+22.86%Jul 29 · Rose about 22.8% in a strong tech session (QQQ up 3.3%) after Microsoft reported Azure growth of 43%, with reports that CoreWeave had improved terms on a $2.6 billion loan facility also easing debt worries.LITE+19.23%Jul 29 · Rose about 19.3% in a broad rebound of AI and semiconductor stocks after Microsoft's strong June-quarter report (Azure +43%) ended a six-day Nasdaq losing streak; Lumentum had bottomed the day before.WDC+21.61%Jul 29 · Rose about 21.5% after Western Digital guided its next quarter above expectations, Seagate reported strong results and Wedbush raised its target to $650, in a Nasdaq rally led by Microsoft.SNDK+33.85%Jul 29 · Rose about 33.5% as storage stocks rebounded sharply the day after Seagate's strong June-quarter results and outlook, alongside Nasdaq's 2.8% rally led by Microsoft and chips.ALAB+27.75%Jul 29 · Rose about 27.6% as AI infrastructure stocks surged after Microsoft reported Azure growth of 43% and Lam Research guided its September quarter sharply higher.COHR+17.61%Jul 29 · Rose about 17.7% in a broad rebound of AI and semiconductor stocks after Microsoft's strong June-quarter report (Azure +43%) ended a six-day Nasdaq losing streak; Coherent had dropped about 9% the day before.QQQ−2.04%Jul 28 · QQQ fell 2.04% and the S&P 500 fell 1.49% as earnings split the megacaps: META -9.18% after revenue rose 28% to $60.8B but EPS fell 13% and Q3 guidance came in at $61-64B, while MSFT rose 7.34% on Azure growth of 43%. Chips were also weak (MU -11.69%, AMD -7.16%, INTC -7.26%), and the Fed held rates with three dissents the same day.

Source

Microsoft Investor Relations

Jul 29, 2026

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