Microsoft reported Q4 revenue of approximately $90.0B, up 18%, with adjusted EPS of about $4.74. Intelligent Cloud revenue reached roughly $39.3B, up 32%, while Azure grew 43% to about $39.3B, with annual Azure revenue exceeding $100B. Copilot surpassed 30M paid seats. Microsoft cut its 2026 capex forecast by about $15B to approximately $175B after reclassifying data-center and asset leases as operating leases and extending useful life estimates to 25 years. The company favors an open-weight AI approach and will maintain a multimodel strategy, allowing customers to use models from OpenAI or Anthropic amid Chinese AI competition. A lawsuit alleges Microsoft touted rapid Copilot adoption and Azure AI as key cloud revenue drivers while hiding technical and interoperability issues. Microsoft focuses on long-term growth across gaming, film, TV, consumer products, and live experiences, forming new global partnerships including in China. On July 30, 2026, MSFT hit $455.86, up 16.73%, triggering an intraday rebalance for a -3x short ETP, with execution averaging $455.30614 and ETP Security Value at $0.32589. Mizuho’s Jordan Klein highlighted Microsoft for upside potential, citing Azure cloud growth as a key driver.