Microsoft stock surged 15% after Q4 earnings beat expectations, with cloud business backlog reaching $678 billion
Microsoft announced its fourth-quarter fiscal year 2026 earnings, with revenue increasing 18% year-over-year to $90 billion, and adjusted earnings per share rising 23% year-over-year to $4.74. Microsoft Cloud sales grew 27% year-over-year, and Azure revenue increased by 43%. As of the end of the quarter, the company's cloud business backlog grew 84% year-over-year to $678 billion. Additionally, Microsoft 365 Copilot paid users reached 30 million, with net paid subscriptions doubling quarter-over-quarter.
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