Microsoft (MSFT) Forecasts $190 Billion Capital Spending by 2026

AI Summary

Microsoft (MSFT) reported quarterly earnings exceeding expectations, with adjusted EPS of $4.27 compared to the expected $4.06. Revenue reached $82.89 billion, surpassing the $81.39 billion forecast, marking an 18% year-over-year increase. The company announced a significant increase in capital expenditures, projecting $190 billion for 2026, primarily driven by soaring memory prices, up 61% from 2025. Additionally, Azure revenue surged 40%, exceeding analysts' expectations, but the guidance for Q4 revenue fell slightly below consensus at $87.25 billion.