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Microsoft Cloud Revenue Growth Disappoints, Shares Drop 2%

Microsoft reported modest quarterly cloud revenue growth, disappointing investors concerned about rising competition in AI. In contrast, Google Cloud posted 63% growth, beating estimates. Microsoft shares fell more than 2% in extended trading.

April 29, 2026
2 min read
Source: Reuters
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Key Numbers

msft cloud revenue growth
modest increase
goog cloud revenue growth
63%
goog cloud estimated growth
50.1%
msft stock change
-2% after hours

Microsoft (MSFT) reported its Q4 2025 earnings, with cloud revenue growth that fell short of investor expectations amid rising competition in the AI race. The stock dropped over 2% in after-hours trading.

Key Financial Results

Reuters did not provide specific figures for Microsoft's cloud revenue or earnings. The report noted that growth was "modest" compared to market expectations.

MetricValue
Cloud Revenue Growth (QoQ)Modest (exact figure not disclosed)
Google Cloud Revenue Growth63% (vs. estimate of 50.1%)
Microsoft Stock (After Hours)-2%

Highlights from the Report

Rebecca Wettemann, CEO of Valoir, commented: "With Google blowing past revenue and earnings expectations, and big questions around Microsoft’s spending on AI infrastructure, the market wanted to be wowed to be reassured, and the numbers didn’t deliver."

Guidance

Microsoft did not provide specific forward guidance in the report.

Impact on Stock

Microsoft shares fell more than 2% in after-hours trading, reflecting investor concern over slowing cloud growth and heavy AI infrastructure spending.

What This Means for Investors

The results indicate that Microsoft faces increasing competitive pressure from Google in the cloud computing market, especially given Google Cloud's strong growth. The heavy spending on AI infrastructure also raises questions about return on investment. Investors should monitor upcoming reports to assess Microsoft's ability to maintain market share.

Frequently Asked Questions

The exact figure was not disclosed, but the report described growth as "modest" and below investor expectations.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.