Microsoft Q2 FY26 earnings (Dec. quarter):
☁️ Azure +38% fx neutral.
• Revenue +17% Y/Y to $81.3B ($1.0B beat).
• Gross margin 68% (-1pp Y/Y)
• Operating margin 47% (+2pp Y/Y).
• Non-GAAP EPS $4.14 ($0.22 beat).
• $10B gains from investments in OpenAI.
Data and earnings chart are from X user economyapp.
The stock fell since earnings was announced. Expect some volatility.
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