Overview
- Shares are down roughly 22%–28% from last year’s peak, putting Microsoft near a decade-low valuation versus the S&P 500.
- Fiscal Q2 revenue reached $81.3 billion, up 17% year over year, with Azure growing about 39% but constrained by data-center capacity.
- Microsoft is pouring capital into infrastructure, citing a $37.5 billion quarter and multi‑year plans approaching $100 billion to expand capacity.
- Product momentum includes Copilot Cowork announced on March 9 and Copilot upgrades plus the Microsoft 365 E7 plan at $99 per user per month set for May 1.
- The board declared a $0.91 quarterly dividend for shareholders of record on May 21, payable June 11, as most analysts maintain bullish ratings despite near‑term Azure supply headwinds.