Microsoft Keeps AI Infrastructure Plan as Reported 2026 Capex Falls to $175 Billion
Microsoft said on July 29 that its underlying calendar-2026 infrastructure investment plan remains unchanged, but a shift of future datacenter leases from finance leases to operating leases lowers expected reported capital expenditures to about $175 billion. The company recorded $41 billion of capex in its June quarter and expects more than $50 billion in the September quarter, including the lease-reclassification effect.
































