Microsoft Adds Over $130 Billion in Data Center Leases in Q2 2026, Total Commitments Reach $329.1 Billion

Microsoft added data center lease contracts worth over $130 billion in the second quarter of 2026. As of June 30, the company's total commitments for leases not yet started stood at $329.1 billion, up from $196.6 billion in the previous quarter. Microsoft's chief executive said the company is on track to roughly double its data center capacity within two years, having activated 31 new data centers in the quarter and 88 in the fiscal year ended June.

In the second quarter, Microsoft's total revenue rose 18% year over year to $90 billion, with Azure intelligent cloud revenue up 32% to $39.3 billion. Net income increased 31% to $35.8 billion, including a $3.2 billion gain from its stake in Anthropic. Capital expenditure reached $41 billion, up 70% year over year, with about two-thirds allocated to short-term assets such as semiconductors and the remainder to data center buildings and other long-term infrastructure.

Microsoft maintained its full-year 2026 capital expenditure guidance, but reduced the annual figure from $190 billion to $175 billion due to an accounting adjustment. OpenAI contributed $24.1 billion in revenue to Microsoft over the past year, representing about 7% of the company's total revenue. At quarter-end, Microsoft's backlog of contracted future revenue rose to $678 billion, an increase of $51 billion sequentially, a figure that excludes commitments from frontier labs such as OpenAI and Anthropic.