Azure Reaches $100B Mark as Microsoft Stock Soars on Strong Earnings

Microsoft's stock price surged over 2% in pre-market activity after the tech giant released its fiscal 2026 fourth-quarter results. The company reported $90 billion in revenue, a significant jump of 18% year-over-year and exceeding Wall Street's expectations.

Azure, Microsoft's cloud services platform, stole the spotlight with a 43% revenue surge, beating even the company's own predictions. CEO Satya Nadella highlighted Azure's milestone achievement, announcing that its annual revenue surpassed $100 billion for the first time ever.

The commercial order backlog of $678 billion, up 84% from last year, affirms the long-term stability and growth potential of Microsoft's cloud segment.

Goldman Sachs placed Microsoft on its U.S. Conviction List in August, with analyst Gabriela Borges anticipating earnings per share growth to exceed 12% for fiscal 2027. Following the earnings beat, analysts boosted their price targets, pushing the consensus average above $560 per share.