Hyperscaler capex

Microsoft capex, FY2026 Q3

Microsoft reported $31.9B of capex for FY2026 Q3, the quarter covering January to March 2026. That is +49% on the $21.4B of the same quarter a year earlier (FY2025 Q3). Guidance given that day: about $190B for CY2026.

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

Capex, FY2026 Q3$31.9B
Year on year+49%
Guided, CY2026about $190B
Announced29 Apr 2026

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Verified

Every field, with its source

Source per value
Reported quarter
FY2026 Q3 1
Calendar quarter
2026 Q1 1
Announced
2026-04-29 1
“April 29, 2026”
Capex (USD million)
31,900 1
“$31.9 billion”
Cash capex (USD million)
30,900 1
“$30.9 billion”
Guidance period
CY2026 1
Guidance point (USD million)
190,000 1
“roughly $190 billion”
Guidance detail
CY2026 capex expected to be approximately USD 190 billion, including approximately USD 25 billion from higher component pricing. 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 Q3 accessed 2026-11-11

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