Microsoft shares advanced 1.66% as analysts issued highly bullish commentary ahead of the Q2 2026 earnings report, projecting robust multiyear demand visibility for the Azure cloud business.
- Shares closed at $478.11 following the positive commentary.
- Analysts, including Stifel, project Azure revenue growth could reach 39%, even considering existing GPU supply constraints.
- Jefferies analyst Brent Thill forecasts the 'largest step-up in history' in remaining performance obligations (RPO), driven by massive recent commitments with partners like OpenAI.