Microsoft Azure tops $100B in annual revenue as record AI spending cuts into cash flow

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Microsoft's Azure cloud business grew 43% last quarter — well past its own forecast — and topped $100 billion in annual revenue for the first time.

The cost: a record $41 billion in capital spending, with free cash flow down 23%.

Shares rose after hours, reversing the recent pattern. https://www.geekwire.com/2026/microsoft-azure-tops-100b-in-annual-revenue-as-record-ai-spending-cuts-into-cash-flow/">Read More