Noesion Radarnoesion.ai
Market2026-07-29

On its fiscal 2026 fourth-quarter earnings call on Wednesday, July 29, 2026, Microsoft CFO Amy Hood said calendar-year 2026 capital expenditure expectations remain unchanged apart from an accounting revision that lowers the figure to roughly $175 billion from about $190 billion. Effective at the start of fiscal 2027, Microsoft is extending the estimated useful life of data centers and office buildings from 15 to 25 years, which shifts more future data center leases from finance leases (counted in capex) to operating leases (not counted); Hood described only a "minimal benefit" to fiscal 2027 operating income. Microsoft reported $90 billion in quarterly revenue, up 18%, full-year revenue of $331.8 billion, cloud revenue of $59.3 billion up 27%, and Azure growth of 43%. Satya Nadella said 31 new data centers were added in the quarter, 88 for the year. The stock rose 15.5% on Thursday. A week earlier Alphabet raised its 2026 capex outlook to $195–205 billion and its shares fell about 7%.

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