Microsoft: Second-quarter revenue expected between $96 billion and $97.1 billion, full-year capital expenditures of approximately $170 billion

Odaily reports: Microsoft released its business guidance during its earnings conference call, expecting second-quarter total revenue of $96 billion to $97.1 billion, with capital expenditures exceeding $50 billion. Azure revenue growth is projected to reach 49%, and Microsoft 365 commercial cloud revenue is expected to grow approximately 19% at constant currency.

Microsoft's Chief Financial Officer stated that capital expenditures for the current calendar year are expected to be approximately $170 billion, with capex accelerating in the second half of fiscal year 2027, partly due to third-party capacity originally scheduled for delivery in the first half being pushed to the second half. The company expects to maintain positive cash flow through fiscal year 2027 and will seek additional financing channels when conditions are appropriate.

Additionally, Microsoft expects second-quarter revenue from its devices and consumer business to be $15.9 billion to $16.4 billion, with commercial bookings momentum expected to remain solid. Following the earnings release, Microsoft shares rose as much as 6% in after-hours trading.