Microsoft Q4 Revenue Reaches $90 Billion; Azure Growth Exceeds Expectations

ChainCatcher report: Microsoft released its fiscal year 2026 fourth-quarter financial results, reporting revenue of $90 billion, an 18% year-over-year increase, surpassing the market expectation of $87.7 billion; non-GAAP earnings per share of $4.74, up 23% year-over-year and 11.5% above expectations; operating profit of $40.6 billion, up 18% year-over-year. Intelligent Cloud revenue reached $39.3 billion, up 32% year-over-year, with Azure and other cloud services revenue growing 43%, significantly exceeding the market expectation of 39.6%. Microsoft’s total cloud revenue amounted to $59.3 billion, up 27% year-over-year. CEO Satya Nadella disclosed that Azure’s annual revenue surpassed $100 billion for the first time, with over 30 million paid users of Microsoft 365 Copilot. In terms of capital expenditures, property and equipment purchases in the fourth fiscal quarter totaled $35.8 billion, up approximately 110% year-over-year; total capital expenditures including lease financing reached $41 billion, up 70% year-over-year but below the market expectation of $42.5 billion. Cloud remaining performance obligations (RPO) surged 84% year-over-year to $678 billion, roughly twice the company’s annual revenue. In a regulatory filing, Microsoft disclosed that during the fourth fiscal quarter, it added over $130 billion in new, unexecuted data center lease commitments, bringing the total unexecuted lease commitments to $329.1 billion, a 67.4% sequential increase. Annual revenue for the year reached $331.8 billion, up 18% year-over-year; net income was $133.7 billion, up 31% year-over-year (GAAP).