<p>Microsoft expects second-quarter revenue to be between $79.5 billion and $80.6 billion. It anticipates that Azure will grow by 37% in the second quarter at constant currency rates. It expects capital expenditures to increase quarter-over-quarter in the second quarter. It predicts that the growth rate of capital expenditures in fiscal year 2026 will be steeper than in fiscal year 2025</p>

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<p>Microsoft expects revenue for the second fiscal quarter to be between $79.5 billion and $80.6 billion. It is anticipated that Azure will grow by 37% in the second fiscal quarter at constant currency rates. Capital expenditures are expected to increase quarter-over-quarter in the second fiscal quarter. The growth rate of capital expenditures for fiscal year 2026 is expected to be steeper than that of fiscal year 2025</p>

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