MSFT · 10-K · 2026A · Full report
Microsoft Cloud Demand Trends
MICROSOFT CORP · 2026-07-29 · Importance 59 · Surprise 48 · From source text
Microsoft Cloud revenue increased 27% to $214.4 billion in fiscal year 2026. Azure and other cloud services revenue grew 41%, driven by demand across the platform and continued growth across all workloads. Commercial remaining performance obligation increased 84% to $678 billion, indicating substantial contracted demand for future cloud and software services.
Key facts
- Intelligent Cloud revenue was $137,791 million in fiscal year 2026, up 30% from $106,265 million in fiscal year 2025. source
- Azure and other cloud services revenue increased 41% in fiscal year 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +9.5% | Intelligent Cloud revenue was $137,791 million in fiscal year 2026, up 30% from $106,265 million in fiscal year 2025. |