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Oct 28, 2026

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 sources

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Top claims

▪Microsoft has committed over $80 billion in total contracts to neocloud operators including CoreWeave, Nebius, and Nscale since 2023
▪Shares of neocloud providers CoreWeave and Nebius dropped nearly 5% in extended trading on October 28, 2026 following Microsoft's quarterly capital expenditure report
▪Microsoft experienced data center capacity delays driven by electricity shortages, local opposition, and delayed third-party supplier deliveries

Topics

Microsoft's 60,000-employee buyout offer Microsoft AI data centers Compute, chips & AI infrastructure AI investment OpenAI AI Industry AI energy consumption Cloud Computing

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