Soil viruses are highly abundant and ubiquitous, yet their impact on soil microbiome structure and function remains essentially unknown. We quantified how viruses and their hosts respond to the first rainfall of the year in seasonally dry soils – a moment commonly referred to as "wet-up", when resident soil microbes are both resuscitated and lysed, with a disproportionately large effect on annual carbon turnover. We applied time-resolved metagenomics, viromics, and quantitative stable isotope probing to track spatiotemporal virus-host trends, and quantify cell death (and by proxy, the amount of biomass carbon released). Dry soil is a sparse yet diverse reservoir of putative virions, of which only a subset thrives following wet-up. A massive degradation of distinct viruses occurs within 24h post wet-up, but after one-week, viral biomass increased by up to seven-fold. Thriving viruses were not induced temperate phages. Our measures of viral-mediated microbial host death indicate that viruses drive a consistent rate of cell lysis after wet-up. These calculations – the first to demonstrate the quantitative impact of viral effects on soil microbiomes and carbon cycling – evidence that viruses significantly impact microbial community assembly. However, viruses do not appear to serve as top-down controls on soil microbial communities following wet-up.