Microsoft is set to report fiscal second-quarter results with analysts expecting earnings per share of $3.97 adjusted and revenue of $80.27 billion. Expectations project a 15% year-over-year revenue growth. Investors are focused on the growth rate of Microsoft’s Azure cloud infrastructure, with analysts predicting 39.4% and 38.9% growth in cloud services. Quarterly capital expenditures and finance leases are expected to be around $34.31 billion, a 52% increase. Microsoft has raised prices of commercial Office productivity software subscriptions and continues to invest in Azure cloud services. Microsoft stock fell 10% in the past three months. Executives will discuss results on a conference call with analysts at 5:30 p.m. ET.

Read more at CNBC: Microsoft (MSFT) Q2 earnings report 2026