Know What's Happening in Investing

Manchester United PLC (MANU) Q2 2026 Earnings Call Transcript

Microsoft reported Q2 FY2026 revenue of $81.3 billion, a 17% constant‑currency increase, driven by a record $51.5 billion cloud segment that grew 26% and topped $50 billion for the first time. Operating income rose 21% and EPS jumped 24% to $4.14, while operating cash flow surged 60% to $35.8 billion, supporting a $12.7 billion return to shareholders. The company’s AI‑focused capital spending pushed gross margin down to 68% and operating expenses up 5%, and gaming revenue fell 9%, highlighting margin pressure. Nevertheless, commercial bookings and RPO grew robustly, Copilot paid seats hit 15 million, and Microsoft expects Q3 revenue of $80.7‑$81.8 billion with modest margin compression.