Hyperscaler capex

Microsoft capex, FY2027 Q1

Microsoft reported $45.2B of capex for FY2027 Q1, the quarter covering July to September 2026. That is +30% on the $34.9B of the same quarter a year earlier (FY2026 Q1). Guidance given that day: about $170B for CY2026.

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

Capex, FY2027 Q1$45.2B
Year on year+30%
Guided, CY2026about $170B
Announced28 Oct 2026

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Verified

Every field, with its source

Source per value
Reported quarter
FY2027 Q1 1
Calendar quarter
2026 Q3 1
Announced
2026-10-28 1
“October 28, 2026”
Capex (USD million)
45,200 1
“$45.2 billion”
Cash capex (USD million)
39,400 1
“$39.4 billion”
Guidance period
CY2026 1
Guidance point (USD million)
170,000 1
“approximately $170 billion”
Guidance detail
CY2026 capex approximately USD 170 billion following third-party capacity delays; FY2027 Q2 spending expected above 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 FY2027 Q1 accessed 2026-11-11

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