Microsoft’s cloud growth puts cash behind its AI expansion
Microsoft reported 48% Azure growth and $18.6 billion in quarterly free cash flow, giving investors a stronger cash cushion for its AI buildout.
By TomorrowNews · AI-assisted briefing · Briefing published 29 October 2026
AI-generated illustration — not a photograph of the event. Conceptual editorial rendering, not documentary evidence. · TomorrowNews / AI-generated illustration
Azure revenue reached $33.17 billion in Microsoft’s fiscal first quarter, above the Visible Alpha estimate, while total revenue rose 20% to $92.28 billion. The company forecast 49% to 50% Azure growth for the next quarter.
Capital expenditure climbed to $45.2 billion but remained below Microsoft’s $50 billion projection because some third-party capacity deliveries were delayed. Management said the shortfall did not reflect a change in its underlying spending plan.
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This is an original summary, not a republication of the full report.
