Veytics Intelligence
2026-10-16 · Seekingalpha

Microsoft is the only hyperscaler not forecast to dip into negative FCF in the next year

Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]) stands alone among major hyperscalers as the only one not forecast to dip into negative free cash flow territory over the next twelve months, according to BofA Global Research Equity and Quant Strategy. Amazon (AMZN [https://seekingalpha.com/symbol/AMZN]), Alphabet (GOOGL [https://seekingalpha.com/symbol/GOOGL]), (GOOG [https://seekingalpha.com/symbol/GOOG]), Oracle (ORCL [https://seekingalpha.com/symbol/ORCL]), and Meta (META [https://seekingalpha.com/symbol/META]) are all expected to fall into negative free cash flow by 2027, with BofA Global Research projecting these hyperscalers' next-twelve-month free cash flow estimates will drop below negative $25,000 between 2026 and 2028.

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