Shares Rise 9% Premarket; Azure Tops $100 billion in FY2026; Copilot Seats Exceed 30M

In the quarter, cloud platform Azure exceeded $100 billion in revenue for the first time in fiscal 2026, while paid seats for the AI chatbot Copilot surpassed 30 million, a net addition of 10 million in the quarter. The company recorded a $3.2 billion gain from AI enterprise Anthropic.

Gross margin compressed due to changes in product mix, but an accounting change extending the useful lives of office and data center equipment from 15 to 25 years partially offset the decline. The net addition of 10 million paid Copilot seats in the quarter signals a shift from pilot projects to broader enterprise deployment.