Microsoft forecasts Azure growth of up to 50% as third-party delays hit capex

The story so far: Microsoft quarterly results and guidance

Microsoft guided second-quarter revenue of $96bn-$97.1bn and Azure growth of 49%, with calendar-year capex around $170bn, then reported 19% revenue growth to $92.3bn in fiscal Q1 2027, Azure up 48%. Its CFO cited third-party capacity delivery delays; Aterio satellite imagery now suggests possible delays at IREN…

1. 29 Oct 202600:10 UTC

   Microsoft guides to $96bn-$97.1bn second-quarter revenue and about $170bn calendar-year capex

   Microsoft forecast second-quarter revenue of $96bn-$97.1bn, capital expenditure above $50bn and Azure revenue growth of 49%, with its chief financial officer putting calendar-year capex at about $170bn. Shares rose as much as 6% after hours.

   MacroOdailyAINeutral

2. 29 Oct 202601:07 UTC

   Microsoft forecasts Azure growth of up to 50% as third-party delays hit capex

   Microsoft reported 19% year-on-year revenue growth to $92.3bn in its fiscal 2027 first quarter, with Azure up 48% and guided at 49-50% for the next quarter. Its CFO said third-party capacity delivery delays are weighing on capital spending, which is expected to exceed $50bn in the second quarter and reach about $170bn for the year.

   AIChainCatcherAINeutral

3. 4 Nov 202622:13 UTC

   Aterio says satellite imagery points to possible delays at IREN and Nebius AI data centres

   Aterio's analysis of satellite imagery indicates IREN's Texas Horizon 4 data centre, built for Microsoft under a deal worth about $9.7bn, still lacks backup generators and cooling equipment and may miss year-end delivery, while a New Jersey project for Nebius may slip to 2027. Microsoft's AI capital spending last quarter came in about $5bn below expectations and it cut full-year guidance, with its CFO citing third-party cloud delivery delays.

   AIPANewsAIBearish