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Microsoft blames data centre delays for lower capital expenditure

Financial TimesView source article

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Microsoft reports Azure growth of 48% but cuts capex forecast on data center delays

Microsoft reported better-than-expected cloud revenue with Azure growing 48%, but reduced its capital expenditure forecast due to delays in data center construction and capacity constraints. The company disclosed $10 billion in revenue from OpenAI arrangements.

Oct 28, 2026·6 sourcesMicrosoft's 60,000-employee buyout offerMicrosoftAI data centersCompute, chips & AI infrastructureAI investmentOpenAIAI IndustryAI energy consumptionCloud Computing
Microsoft reports Azure growth of 48% but cuts capex forecast on data center delays
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