Up 26% Since July 29, Is It Too Late to Buy Microsoft Stock?

• Microsoft stock surged 26% after Q4 FY2026 earnings, reaching near all-time highs. • Azure revenue jumped 43% YoY while unchanged capex guidance eased market concerns. • Stock now trades at a more reasonable forward multiple after a brief undervalued period. Microsoft (MSFT) rallied 26% after reporting Q4 FY2026 results, driven by 43% Azure growth and unchanged capex guidance. The stock had been undervalued at under 20x forward earnings before the report and is now fairly valued. While MSFT remains a strong long-term holding, the sharp post-earnings run likely captured much of the near-term upside.