Thirty Million Seats

Microsoft's FY26 Q4 numbers turn this episode into a drill-and-Jersey-club MV about AI spend meeting commercial receipts: $90.0B in quarterly revenue, Azure and other cloud services up 43%, Microsoft 365 Copilot over 30M paid seats, and a $41B quarterly capex bill that keeps the pressure on. Microsoft also used the call to pitch a more independent AI stack: swappable models, its MAI family, Maya chips, and enterprise harnesses competing closer to the turf of OpenAI and Anthropic.123

The bridge contrasts Microsoft's cleaner cloud receipt with Meta's same-day AI-spending strain: Reuters reported Meta's second-quarter free cash flow fell 91% to $784M while it kept a $130B-$145B 2026 capex outlook.4