Microsoft reported fiscal Q4 2026 GAAP total revenue of $90.007 billion, up 18% from $76.441 billion a year earlier, and GAAP net profit of $35.766 billion, a 31% increase from $27.233 billion last year [1, 2, 3, 4]. Azure cloud revenue grew 43% in Q4 and surpassed $100 billion in annual revenue for the first time, marking a major milestone for the company's cloud division [1, 5, 2, 3, 4].

The company disclosed $130 billion in new data center lease commitments in Q4, raising total committed but unstarted data center leases to $329.1 billion, reflecting ongoing investments in cloud infrastructure [6, 7]. CFO Amy Hood said demand continues to exceed supply and forecasted Azure revenue growth of about 45% in Q1 2027, outpacing earlier analyst estimates [5, 3].

For the full fiscal year 2026, Microsoft’s total revenue reached $331.8 billion, an 18% rise, while net profit climbed 31% to $133.7 billion [4]. Microsoft 365 Copilot surpassed 30 million paying users during the year [2, 3, 4].

The company returned $10.2 billion to shareholders through buybacks and dividends in Q4 [4]. However, revenue from its gaming division fell 10% year-over-year in the quarter [4]. Microsoft expects to maintain its 2026 capital expenditure forecast at around $175 billion, lower than a previous estimate of $190 billion, with data center commitments contributing strongly to cloud growth and profitability [5, 7, 2, 3].

By comparison, Amazon reported 20% growth in Q2 2026 net sales to $200.6 billion, with AWS cloud revenue rising 37% and a capital expenditure increase to $220 billion [8, 9]. Meta disclosed about $279 billion in future lease obligations for AI data centers and infrastructure as of mid-2026, including $68 billion added in July alone, aiming to support AI model training and large customer demand [10, 7, 11]. Mark Zuckerberg stated, "A significant portion of our computing capacity will be used to train AI models, power AI agents, and support our core business" [11].

US cloud providers Microsoft, Amazon, Google, and Meta combined are estimated to spend $745 billion in capital expenditures in 2026, reflecting a surge in AI and cloud infrastructure investments [7].

Microsoft reported its Q4 2026 results and raised Azure’s growth guidance between July 29-30. The company plans to execute its forecasted capital expenditures throughout 2026 as it expands cloud capacity and AI infrastructure [1, 5, 6, 7, 2, 3, 4].