Microsoft reports Q4 capex up 70% YoY to $41B; an accounting change lowers its 2026 capex forecast to $175B from $190B, while spending plans remain unchanged (Reuters)
Microsoft’s AI buildout guidance did not actually come down.
Reuters says Microsoft’s Q4 capital expenditure rose 70% year over year to $41 billion. The company’s 2026 capex forecast moved to $175 billion from $190 billion because of an accounting change, while its spending plans stayed the same. Microsoft also said it expects to keep generating cash through fiscal 2027. Techmeme’s note
Reuters says Microsoft’s Q4 capital expenditure rose 70% year over year to $41 billion. The company’s 2026 capex forecast moved to $175 billion from $190 billion because of an accounting change, while its spending plans stayed the same. Microsoft also said it expects to keep generating cash through fiscal 2027. Techmeme’s note
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