MSFT · 10-Q · 2026Q1 · Full report
Operating Cash Flow and Capex Trends
MICROSOFT CORP · 2026-04-29 · Importance 89 · Surprise 82 · In source text
Cash used in investing increased $42.6 billion to $84.7 billion for the nine months ended March 31, 2026, primarily due to a $32.7 billion increase in additions to property and equipment and a $9.1 billion increase in other investing to facilitate component purchases. The company expects continued additions to property and equipment, including new facilities, datacenters, and computer systems for R&D, sales and marketing, support, and administrative staff. Increased investing activity is directly linked to cloud and AI infrastructure expansion and resulted in a substantial rise in investing cash outflows versus the prior year. Net investment purchases, sales, and maturities decreased by $3.8 billion in the nine‑month period.
Key facts
- Cash used in investing increased $42.6 billion to $84.7 billion for the nine months ended March 31, 2026, primarily due to a $32.7 billion increase in additions to property and equipment. source
- Cash from operations increased $34.0 billion to $127.5 billion for the nine months ended March 31, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -6.1% | Cash used in investing increased $42.6 billion to $84.7 billion for the nine months ended March 31, 2026, primarily due to a $32.7 billion… |
| cash | positive | realized | +4.9% | Cash from operations increased $34.0 billion to $127.5 billion for the nine months ended March 31, 2026. |
| assets | positive | realized | +4.7% | Cash used in investing increased $42.6 billion to $84.7 billion for the nine months ended March 31, 2026, primarily due to a $32.7 billion… |