By Todd Bishop
Publication Date: 2026-01-28 21:32:00
Microsoft’s big financial bet on artificial intelligence got even bigger in the December quarter, but it also showed continued signs of paying off for its cloud business.
The company spent $37.5 billion on capital expenditures during the second quarter of its 2026 fiscal year, up 66% from a year ago, with roughly two-thirds going toward GPUs and other hardware to power its AI and cloud offerings, according to results released Wednesday afternoon.
Revenue rose 17% to $81.3 billion, topping the $80.3 billion analyst consensus, and adjusted earnings per share jumped 24% to $4.14, well ahead of the $3.85 expected by Wall Street.
