“In Q2, we expect CapEx spend will be over $50 billion. Therefore, for the calendar year [2026], spend should be approximately $170 billion due to the 3P capacity delays noted earlier.”
Said Oct 28, 2026Deadline Dec 31, 2026Microsoft fiscal Q1 2027 earnings call transcript, October 28, 2026
A downward revision of calendar-2026 capital expenditures and finance leases from the roughly $190 billion guided in April 2026 and ~$175 billion in July 2026, attributed to delayed third-party (GPU-as-a-service) capacity deliveries.