Microsoft earnings: Cloud growth and capex numbers in focus for Q2

Microsoft CEO Satya Nadella speaks at the World Economic Forum in Davos, Switzerland, on Jan. 20, 2026.Microsoft is set to report fiscal second-quarter results after market close on Wednesday.Here's what analysts polled by LSEG are expecting:Earnings per share: $3.97 adjustedRevenue: $80.27 billionThe consensus implies that analysts project 15% year-over-year revenue growth in the quarter that ended on Dec. 31.Investors will pay careful attention to the rate of growth from Microsoft's Azure cloud infrastruc ...