Microsoft (NASDAQ:MSFT) remains a buy for the author, with Azure crossing $100 billion in annual revenue for the first time and re-accelerating to 43% year-over-year growth in Q4, with Q1 FY27 guidance rising to 45% in constant currency. Fiscal Q4 2026, reported July 29, 2026, delivered $90.01 billion in revenue, up 17.75% year-over-year, and non-GAAP diluted EPS of $4.74, beating estimates by 11.81%, marking the fifth consecutive EPS beat. Intelligent Cloud produced $39.31 billion in revenue, up 32%, and Microsoft Cloud reached $59.3 billion, up 27%. Commercial remaining performance obligations stand at $678 billion, up 84% year-over-year, providing a structural edge over NVIDIA as signed contracts show enterprises funding AI capacity before deployment. Microsoft 365 Copilot has climbed to over 30 million paid seats. FY26 capex surged 110% to $116 billion and free cash flow fell 6%, but monetization is tracking spend. The company reported return on invested capital of 22%, an operating margin of nearly 47%, a debt-to-equity ratio of 0.29, and operating cash flow grew 30% in the quarter to $55.4 billion. The author prefers Microsoft over Alphabet, Amazon, or NVIDIA due to its installed productivity software base.