# 微软FY26 Q4财报：利润增31%，Azure破千亿

- 来源：Rohan Paul (@rohanpaul_ai)
- 发布时间：2026-07-30 09:04
- AIHOT 分数：61
- AIHOT 链接：https://aihot.virxact.com/items/cms6u4dz10fmerohz7clky6w1
- 原文链接：https://x.com/rohanpaul_ai/status/2082633317418189100

## AI 摘要

微软发布FY26 Q4财报，利润增长31%，Azure云销售额突破1000亿美元，季度增长43%。当季现金资本支出358亿美元，运营自由现金流达196亿美元。同期谷歌、微软、Meta三家AI基建商单季现金资本支出合计约1110亿美元。

## 正文

Microsoft just published FY26 Q4.

Profits increased 31%， robust cloud growth， Azure cloud sales moved past $100 billion， grew 43% in the quarter.

Microsoft currently has the strongest financial cover with operating free cashflow， for its capex-spending.

Microsoft used roughly 65% of quarterly operating cash flow for cash capex and still produced $19.6B of free cash flow.

Comparing with Google Capex for the quarter

- Alphabet： $44.9B in cash capex
- Microsoft： $35.8B in cash capex

（Microsoft reported $41B of total capex， including lease-financed infrastructure）

So the top 3 AI infrastructure builders （Google， Microsoft， Meta） deployed ~$111B of cash capex in 1 quarter alone.

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