Microsoft broke ranks and kept its capital expenditures outlook steady — and the troubled stock was handsomely rewarded Wednesday evening. The good news on capex was accompanied by better-than-expected fiscal 2026 fourth quarter results, driven by strength in its Azure cloud unit, and strong current quarterly guidance. Revenue in the three months ended in June rose 18% year over year to $90 billion, beating the LSEG consensus estimate of $87.6 billion.