Microsoft shares surge 17% on $90B Q4 revenue, lifting Nasdaq 2.6% and Dow 1.1%

Microsoft reported Q4 FY2026 revenue of $90.0 billion, up 18% year-over-year, on July 29, 2026. The next day, shares surged as much as 17%, lifting the Nasdaq 2.6% and the Dow 1.1%. Azure crossed $100 billion in annual revenue, growing 41%, defying the deceleration that scale typically brings.