Microsoft is the only hyperscaler not forecast to dip into negative FCF in the next year (MSFT:NASDAQ)

Microsoft is the only hyperscaler not forecast to dip into negative FCF in the next year (MSFT:NASDAQ)

By Monica L. Correa
Publication Date: 2026-10-16 17:29:00

BofA forecasts Microsoft (MSFT) as the only hyperscaler avoiding negative free cash flow, while AI capex surges.