Microsoft Q4 FY26 (June quarter): Azure +43% fx neutral. • Revenue +18% Y/Y to $90.0B ($2.4B beat). • Gross margin 67% (-1pp Y/Y) • Operating margin 45% (flat Y/Y). • EPS $4.74 ($0.50 beat).
July 29, 2026 22
Microsoft Q4 FY26 (June quarter): Azure +43% fx neutral. • Revenue +18% Y/Y to $90.0B ($2.4B beat). • Gross margin 67% (-1pp Y/Y) • Operating margin 45% (flat Y/Y). • EPS $4.74 ($0.50 beat).
