Microsoft reported fourth-quarter results with revenue reaching $76.4 billion, exceeding guidance. Operating margin was 44.9%, higher than expected. Azure saw strong growth, with commercial bookings up 30% and Azure AI services in high demand. Morningstar raised the fair value estimate to $600 per share, citing bullish outlook and strong performance, making Microsoft a top pick. First-quarter guidance is positive, with revenue projected at $75.25 billion and double-digit growth expected for fiscal 2026, reinforcing a long-term thesis on Azure and AI expansion.

Read more at Morningstar: We Were Wrong When We Thought Last Quarter Would Be Hard to Top