● IndustryOct 29, 2026 · 06:098 sources
Microsoft's Cloud Backlog Slips as Supply Chain Delays Pull Forward AI Spending
From marketbrief.now
AI;DR
Microsoft's first-quarter capital expenditures were $45.2B, below the $50B projection due to postponed third-party capacity deliveries and GPU-as-a-service contracts, while revenue of $92.3B beat estimates and Azure cloud revenue grew 48% to $33.2B.
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- SUPPORT@wallstengine“Q2 Azure: +49% to +50% CC (Est. +44.6%) 🟢; accel. from +48% in Q1”x.com
- SUPPORT@rhouseresearch“Customer demand continues to exceed available supply.”x.com
- SUPPORT@rihardjarc“$MSFT Azure (CC) up 48% YoY. $GOOGL Cloud revenue up 103% YoY.”x.com
- SUPPORT@zerohedge“MSFT Rises On Azure Beat... But Bookings Shrink And Backlog Stalls”x.com
- SUPPORT@thetranscript_“higher-than-expected AI token pricing boosted Azure revenue, with premium models generating attractive margins.”x.com
- SUPPORT@rhouseresearch“"some third-party GPU-as-a-service contracts have been delayed to the second half" of FY27”x.com
- SUPPORT@firstadopter“Microsoft SPIKES higher on strong Azure guide +49-50% y/y for current quarter.”x.com