Shang Hai Zheng Quan Bao·2026-01-29 08:56Core Insights - Microsoft reported strong financial results for Q2 of FY2026, with revenue of $81.3 billion, a 17% year-over-year increase, and net income of $38.5 billion, reflecting a 60% increase [2] - The cloud business revenue surpassed $50 billion, indicating robust demand for Microsoft's service offerings [2][4] - Despite exceeding expectations, Microsoft's stock price fell approximately 7% post-earnings release [2] Financial Performance - Revenue: $81.3 billion, up 17% year-over-year [2] - Operating Income: $38.3 billion, up 21% year-over-year [2] - GAAP Net Income: $38.5 billion, up 60% year-over-year [2] - Non-GAAP Net Income: $30.9 billion, up 23% year-over-year [2] - Earnings per Share: $5.16, with $1.02 attributed to OpenAI-related earnings [6] Cloud Business Insights - Cloud revenue reached $51.5 billion, a 26% year-over-year increase, with Azure and other cloud services growing by 39% [4][6] - The backlog of cloud contracts doubled year-over-year to $625 billion, with 45% of this attributed to OpenAI [7] - The growth rate of cloud business has slightly slowed, down about 1% from the previous quarter [4] AI and OpenAI Impact - Microsoft's performance is significantly influenced by its partnership with OpenAI, with $7.6 billion of net income derived from OpenAI-related earnings [6] - The company is integrating AI tools powered by OpenAI into its products, aiming to enhance productivity software and cloud service sales [6] - The future sales potential is bolstered by a new $250 billion agreement with OpenAI, reflecting a strong reliance on AI for growth [7]