Microsoft reported $41 billion in fourth-quarter capital expenditures. This figure represents a 70% surge year-over-year. Heavy investment in cloud and AI infrastructure drove the increase. The company is expanding data centers and high-performance servers to meet demand.
Microsoft lowered its 2026 calendar year capex forecast to approximately $175 billion. The company previously projected $190 billion for that period. An accounting change regarding asset useful life caused the revision. Management clarified that actual investment plans remain unchanged.