Revenue reached $113.5 billion, up 19%, and EPS grew 27% to $10.30. We converted that performance into record annual cash flow over $11 billion and returned $7.5 billion to shareholders, including 54 million shares repurchased, more than doubled last year. In FY 26, we closed $64.1 billion in AI orders, shipped $25.2 billion, and exited with a record $43 billion in AI backlog. Earnings per share was $3.89, up 45%, driven by disciplined execution and demand for our AI solutions.
While operating in a dynamic environment, we saw a record cash flow generation and above-trend capital returns for shareholders. We capped an already strong year with an exceptional quarter for AI, record orders, and broad-based demand. In Q4, we booked $34.1 billion in AI orders, evidence that demand is accelerating as customers deploy AI at scale. We exited Q4 with a record $43 billion in AI backlog, and our pipeline continued to grow sequentially even after converting $34.1 billion of orders, a clear sign of sustained momentum.
Our customer base surpassed 4,000, with growth across Neoclouds, Sovereigns, and Enterprise customers, evidence that demand is broadening across all customer types. We like our position, the line of sight we have with our backlog and pipeline, and the advantages our scale and supply chain bring. Moving to traditional servers, demand significantly outpaced supply in Q4, with strong double-digit demand growth across every region and momentum accelerated through the quarter as customers prioritized access to compute for critical workloads. As customers deploy AI, they are modernizing broader AI estates, refreshing and expanding general purpose environments.