Preview|MSFT 2Q26: Copilot Sales Likely to Beat Expectations; User Experience Continues to Improve, but Competition Remains Intense; Azure Capacity and Pricing Trends are Improving

Ahead of the quarterly results, we conducted focused interviews with five experts and updated our views on several key topics:
Quarterly view

1. M365 Copilot and E7 sales progress, and the FY27 sales outlook

2. Copilot user experience, product improvements, and the competitive landscape

3. Copilot Studio progress

4. Azure AI Foundry and enterprise multi-model adoption

5. GPU leasing, data center capacity, supply chain, and Azure traditional cloud trends