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The Marked Chart Wire · Business
HotMicrosoft
Microsoft said first-quarter capital spending fell short of targets due to data center delays, though Azure revenue grew 49 percent. The company expects second-quarter spending to exceed $50 billion.
Part of a series: Microsoft navigates AI expansion, cost cuts, and earnings
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HotMicrosoft
Microsoft lowered its 2026 capital expenditure forecast to $170 billion from $175 billion due to delayed capacity deliveries. The company guided fiscal Q2 revenue to $96 billion to $97.1 billion and Azure growth of 49 to 50 percent.
HotEarnings
Microsoft and Carvana shares rose after earnings beats, while Google and Fortinet dropped on revenue or margin misses. Sprouts and ServiceNow also declined following weaker results.
ServiceNow
ServiceNow reported third-quarter revenue of $4.106 billion, up 20.5 percent year over year, while adjusted earnings per share of $1.00 missed estimates. The company increased its fiscal 2026 AI annual contract value target to $1.7 billion from $1 billion.
HotMicrosoft
Microsoft reported first-quarter revenue of $92.3 billion, exceeding the $90.6 billion estimate. Earnings per share came in at $4.92, above the $4.72 forecast, while cloud revenue reached $63.9 billion.
HotMicrosoft Earnings
Microsoft reported first-quarter revenue of $92.28 billion and adjusted earnings per share of $4.89, both exceeding analyst expectations. Cloud revenue reached $63.9 billion, while capital spending came in below estimates at $39.37 billion.
Nvidia
The Department of Justice is investigating Nvidia's purchase of the AI platform Hugging Face, according to two people familiar with the matter.
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