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The Marked Chart Wire · Business
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.
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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.
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.
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.
Quantum Computing
Intel announced it will acquire Classiq to integrate software with its hardware, with the deal expected to close in the first half of 2027. The move aims to accelerate the development of commercially viable quantum computing systems.
Deals
The AI firm will spend at least $45 billion with Microsoft for infrastructure through 2033.
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