Hyperscaler capex

Microsoft capex, FY2026 Q4

Microsoft reported $41B of capex for FY2026 Q4, the quarter covering April to June 2026. That is +69% on the $24.2B of the same quarter a year earlier (FY2025 Q4). Guidance given that day: about $175B 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 Q4$41B
Year on year+69%
Guided, CY2026about $175B
Announced29 Jul 2026

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Verified

Every field, with its source

Source per value
Reported quarter
FY2026 Q4 1
Calendar quarter
2026 Q2 1
Announced
2026-07-29 1
“July 29, 2026”
Capex (USD million)
41,000 1
“$41 billion”
Cash capex (USD million)
35,800 1
“$35.8 billion”
Guidance period
CY2026 1
Guidance point (USD million)
175,000 1
“approximately $175 billion”
Guidance detail
CY2026 guidance adjusts to approximately USD 175 billion as a useful-life change shifts some future datacenter leases from finance to operating leases. FY2027 Q1 spending expected to exceed USD 50 billion. 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 Q4 accessed 2026-11-11

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