---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43054646.md"
description: "$Microsoft(MSFT.US) earnings beat expectations:Azure Cloud: +43% Revenue: +18%Gross Margin: 67%Profit Margin: 45%EPS: 4.74CapEx: decreased from 1900 to 1750"
datetime: "2026-07-29T23:44:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43054646.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43054646.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43054646.md)
author: "[价值&投资](https://longbridge.com/en/profiles/3090.md)"
---

# $Microsoft(MSFT.US) earnings beat expectations:Azu…


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## Comments (18)

- **剑影独行侠 · 2026-07-30T12:54:32.000Z**: Will Microsoft's Call be released at the market open, Value Bro?
- **逸范 · 2026-07-30T02:28:39.000Z · 👍 2**: I work at a multinational company. In the second quarter, the company purchased 50,000 Copilot licenses. Microsoft's moat is far deeper than imagined.
  - **金融消费者** (2026-07-30T14:48:37.000Z): Which company
  - **逸范** (2026-07-30T14:59:39.000Z): Personal privacy cannot be disclosed.
- **螺旋丸爆锤空军 · 2026-07-30T01:56:16.000Z**: Pity I don't have any left...  TSMC, step up and show some strength! 😂
- **睿睿可爱 · 2026-07-30T01:41:56.000Z**: Wow
- **毒鼠强Orz · 2026-07-30T00:28:12.000Z · 👍 2**: If the actual lease term generally exceeds 3/4 of the depreciation cycle, it is considered a capital expenditure; if it is less than 3/4, it is treated as an operating lease expense. Now that the depreciation cycle has changed from 15 years to 25 years, the denominator has increased by 2/3. This is 
  - **永久持有有定价权资产** (2026-07-30T01:27:07.000Z): Operating leases are expensed directly, making current profits more intuitive and enabling light-asset operations with greater flexibility. The valuation of heavy-asset enterprises differs from that o
- **221900 · 2026-07-29T23:59:40.000Z**: I never expected capital expenditures to actually decrease.
  - **价值&投资** (2026-07-30T01:44:12.000Z): 😂
- **相信概率 · 2026-07-29T23:58:42.000Z · 👍 1**: Maintaining the prediction that Microsoft's highest price this year will be $650 🤑
- **银河威威 · 2026-07-29T23:55:13.000Z · 👍 2**: US stocks are about to crash if they don't rally. US stocks are indeed a big casino, Wall Street wins again.
- **毒鼠强Orz · 2026-07-29T23:51:41.000Z · 👍 13**: Cutting capex is just an accounting trick.
  - **九华之光** (2026-07-30T00:18:05.000Z): Becoming an operating lease indicates it can be withdrawn at any time, and also suggests that the technology of the leased items will undergo significant changes in the future.
  - **毒鼠强Orz** (2026-07-30T00:30:44.000Z): I went to the wrong place just now. Check out the latest reply I posted below the main post.
  - **九华之光** (2026-07-30T00:33:55.000Z): Overall, the market interprets this as positive, but there are still risks in storage in the short term.
- **剑影独行侠 · 2026-07-29T23:47:20.000Z · 👍 2**: Microsoft spent money building infrastructure in the early stages, and now it's time to reap the benefits of economies of scale.
- **互联网巴韭特 · 2026-07-29T23:46:26.000Z · 👍 2**: The market should be satisfied with this now 🤣