Microsoft Stock Surges 15.5% on Beating Earnings Expectations

Microsoft's stock surged 15.5% on July 30, 2026, marking the largest single-day market-value increase in history.

The company's fourth-quarter earnings exceeded Wall Street expectations, with revenue of $90 billion and adjusted earnings per share of $4.74.

Azure revenue surpassed $100 billion in annual revenue for the first time, growing 43% in the quarter, while Microsoft 365 Copilot crossed 30 million paid seats.

Goldman Sachs raised its 12-month price target to $640 and reiterated its Buy rating, projecting EPS growth acceleration from 12% in fiscal 2027 to over 20% by fiscal 2029.