Hyperscaler capex

Microsoft capex, FY2026 Q1

Microsoft reported $34.9B of capex for FY2026 Q1, the quarter covering July to September 2025.

Microsoft sells Azure cloud infrastructure, business software and AI services to enterprises and developers. These figures cover Microsoft as a whole.

Capex, FY2026 Q1$34.9B
Announced29 Oct 2025

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Verified

Every field, with its source

Source per value
Reported quarter
FY2026 Q1 1
Calendar quarter
2025 Q3 1
Announced
2025-10-29 1
“October 29, 2025”
Capex (USD million)
34,900 1
“$34.9 billion”
Cash capex (USD million)
19,400 1
“$19.4 billion”
Guidance detail
Next-quarter spending expected to increase sequentially; FY2026 capex growth now expected to exceed FY2025 growth. 1
Capex definition
Company-wide capital expenditures include the full principal value of finance leases at commencement; cash PP&E payments are reported separately. 1

Sources

  1. Microsoft investor relations: Microsoft FY2026 Q1 accessed 2026-11-11

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