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)

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Microsoft’s AI infrastructure spending remains massive, with quarterly capex reaching $41B despite an accounting-driven forecast reduction.

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<a href="https://www.reuters.com/business/microsoft-tops-quarterly-cloud-growth-estimates-easing-spending-concerns-2026-07-29/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260729/i48.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260729/p48#a260729p48" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="http://www.reuters.com/">Reuters</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.reuters.com/business/microsoft-tops-quarterly-cloud-growth-estimates-easing-spending-concerns-2026-07-29/">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</a></b></span>&nbsp; &mdash;&nbsp; Microsoft (MSFT.O) on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure &hellip; </p>