Dive Brief:Microsoft is keeping its calendar-year 2026 capital expenditure expectations largely in tact despite surging demand for cloud and artificial intelligence services, CFO Amy Hood said during the company’s latest earnings call. “Finance leases are included in capital expenditures, while operating leases are not.” “Outside of this useful life impact, our calendar year 2026 CapEx investment expectations remain unchanged,” she said. Microsoft seemed to thread the needle on capex, as capex acceleration is a double-edged sword for investors. “Microsoft is investing aggressively but has not changed its capex plans following Alphabet’s announcement last week,” Romanoff said.