Earnings Preview | Quarterly cash burn exceeds 40 billion! The market closely watches Microsoft's free cash flow, with A…

Microsoft is about to release its financial report, with market expectations for revenue of approximately $87.6-87.7 billion, a year-on-year increase of 15%; adjusted earnings per share are expected to be around $4.21-4.24. Due to the impact of AI investments, quarterly capital expenditures are expected to exceed $40 billion, putting pressure on free cash flow. The market focus is on whether the growth rate of Azure cloud can offset the profit margin squeeze caused by high investments, validating the efficiency of AI investment returns