Microsoft Corporation (MSFT) Earnings Call Transcripts
Microsoft Corporation's Latest Earnings Call - Q4 FY2026
In the fourth quarter of fiscal year 2026, Microsoft Corporation reported revenue of $90 billion, up 18% year-over-year, and earnings per share (EPS) of $4.74, reflecting a 23% increase. The company achieved annual revenue surpassing $331 billion, marking an 18% growth for the fiscal year. Management provided a positive outlook for fiscal year 2027, expecting continued double-digit revenue growth driven by strong demand in cloud services, particularly Azure, which saw a 43% revenue increase this quarter.
Reported metrics
| Metric | Value |
|---|---|
| Quarterly Revenue | $90 billion (inline) |
| Annual Revenue | $331 billion (positive) |
| EPS | $4.74 (beat) |
| Azure Revenue Growth | 43% (beat) |
| Cloud Revenue | $59.3 billion (beat) |
| Operating Income | over $155 billion (positive) |
Guidance from management
For FY 2027, Microsoft expects continued double-digit revenue growth, with cloud revenue projected to grow approximately 33% to 34%. The company anticipates operating expenses to grow in the mid- to high single digits.
What management said
And I think maybe, Karl, just to add a little bit to the end of your question, which is that it's why it's important that the platform is built, and I think Satya mentioned this in his comments, to be able to deliver the right model for the right job on the architecture called Azure. And so given that we continue to see growing demand, no matter what model is chosen or what model family or whether it's run a model of...
What analysts pressed on
Analysts expressed concerns regarding the potential oversupply in the AI market and its impact on margins. There were also questions about how Microsoft plans to manage rising component prices and ensure profitability amidst fluctuating demand.
Main topics on the call
- Record Annual Revenue — Microsoft's annual revenue surpassed $331 billion, up 18% year-over-year, driven by strong demand across its cloud and AI services. CEO Satya Nadella stated, "It was a very strong close to what was a record fiscal year f...
- Azure Growth Acceleration — Azure revenue grew 43% year-over-year, reflecting strong demand and improved efficiency in capacity delivery. CFO Amy Hood noted, "Customer demand continues to exceed available capacity," indicating ongoing growth potent...
- AI Infrastructure Expansion — Microsoft added 31 new data centers this quarter, bringing the total to 88 for the year, in response to increasing demand for AI services. Nadella highlighted the company's commitment to infrastructure, stating, "We are ...
- Copilot Adoption Surge — Microsoft 365 Copilot saw net seat additions more than double quarter-over-quarter, reaching over 30 million paid seats. Nadella remarked, "The number of customers with more than 50,000 seats increased over 7x year-over-...
Read the full Microsoft Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Microsoft Corporation
Microsoft Corporation (MSFT) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 119 calls on record spanning January 29, 2020 to July 29, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 119 Microsoft Corporation earnings call transcripts on record, spanning January 29, 2020 to July 29, 2026. Based on this history, Microsoft Corporation reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MSFT
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 119
- First call
- January 29, 2020
- Most recent
- July 29, 2026
- Reporting cadence
- quarterly