Revenue is projected to be between $80.65-$81.75 billion, with a midpoint of $81.2 billion, which aligns precisely with consensus expectations. There is no positive surprise. For a company that is supposedly at the forefront of the AI revolution, “in line” performance is not satisfactory.

Microsoft's commercial backlog more than doubled year over year, pointing to enormous demand for AI.

Microsoft falls 6.8% after hours despite beating Q2 earnings as Azure growth slows to 39% and AI spending hits $37.5B record.

Microsoft stock was headed for its worst one-day drop since the depths of the Covid-19 market rout, after the company reported unexpectly high spending on AI infrastructure and slower cloud growth. The stock dropped about 11%,

Wall Street is in the middle of Big Tech earnings, with Apple the next 'Magnificent Seven' member set to report.

Major equities indexes fell Thursday, pulled lower by shares of Microsoft and software stocks, as investors mulled a flurry of corporate earnings reports.

The worst day for Microsoft in nearly six years is yanking the U.S. stock market away from its record heights.