Microsoftreason 03 of 4it makes it for less than anyone else canderived 2026-09-11accession 0001193125-26-323660
Cash from operations increased $46.8 billion to $182.9 billion for fiscal year 2026
Additions to property and equipment increased $51.4 billion, with $34.6 billion committed for construction of new buildings and improvements primarily related to datacenters
We have additional leases primarily for datacenters that had not yet commenced of $329.1 billion
Gross margin percentage in Intelligent Cloud decreased driven by continued investments in AI infrastructure as well as sales mix shift to Azure, offset in part by efficiency gains in Azure
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedfour sentences · whole, uncut
the claims it rests on
“Cash from operations increased $46.8 billion to $182.9 billion for fiscal year 2026”
“Additions to property and equipment increased $51.4 billion, with $34.6 billion committed for construction of new buildings and improvements primarily related to datacenters”
“We have additional leases primarily for datacenters that had not yet commenced of $329.1 billion”
“Gross margin percentage in Intelligent Cloud decreased driven by continued investments in AI infrastructure as well as sales mix shift to Azure, offset in part by efficiency gains in Azure”