Microsoft sold $25 billion of senior unsecured notes in ten tranches maturing from 2028 to 2066, with fixed coupons of 4.85% to 6.35%, after CFO Amy Hood said the company could access debt markets but had not yet tapped them. The article says proceeds may go to capex, buybacks, acquisitions and debt repayment, while free cash flow fell to $18.6 billion in fiscal Q1 from $25.66 billion a year earlier as capex reached $39.4 billion. Hood guided Q2 capex above $50 billion and Azure growth of 49% to 50% in constant currency, which depends on efficiency gains not yet found and on uncertain token pricing. Commercial bookings fell 12% against large Azure commitments signed a year earlier. The article says the key risk is depreciation and interest costs rising before revenue arrives, and that the fiscal Q2 report will be the key test.
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MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/29/2026 | 530.43 |
| Change that session | -0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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