Microsoft reported strong revenue growth in its cloud and AI businesses, with Intelligent Cloud revenue up 32% to $39.3 billion and overall revenue rising 18% to $90 billion in the quarter ended June 30, 2026. To manage rising capital expenditures, Microsoft is extending the useful life of its data centers and office buildings from 15 to 25 years, shifting many leases from finance to operating leases, which reduces capital expenditure reporting. Despite a 70% increase in capital expenditures to $41 billion due to AI and cloud demand, Microsoft expects double-digit revenue growth in fiscal 2027 and maintains its 2026 capex outlook at about $175 billion. This strategy helps soften the financial impact of expanding AI infrastructure while supporting strong customer adoption of AI products like Microsoft 365 Copilot.
Microsoft Corporation reported a strong Q2 performance driven by AI growth and robust cloud business, with key segments like Productivity and Intelligent Cloud showing double-digit gains. While Windows OEM, Devices, and XBOX sales declined, the compa...
Microsoft reported record profits with $90 billion quarterly revenue and $35.8 billion net income, driven by its cloud and AI investments. CEO Satya Nadella urged enterprises to use multiple AI models and avoid dependency on OpenAI and Anthropic, cit...
Rep. Frank Pallone, ranking member of the House Committee on Energy, has demanded SpaceX CEO Elon Musk provide records and a tour of the company's AI data centers and power plants in Memphis, Tennessee. Pallone alleges that SpaceX's use of natural ga...
Microsoft reported robust Q4 results highlighted by a 43% year-over-year revenue growth in its Azure cloud business and a 23% increase in overall profits. Despite significant investments in cloud and AI, the company maintains high profit margins and ...
In its fiscal fourth quarter of 2026, Microsoft reported a $3.2 billion gain from its investment in AI lab Anthropic, significantly boosting its earnings per share. However, its investment in rival AI company OpenAI saw a $600 million write-down duri...
