Microsoft Stock Plunged After Fiscal Q2 2026 Earnings: Here’s How Analysts ReactedPlease note that we are not authorised to provide any investment advice. Growth was driven by Microsoft 365 Commercial cloud (up 17%) and a notable 29% surge in Consumer cloud revenue. Microsoft Cloud Revenues Top $50 BillionMeanwhile, Microsoft reached a key milestone, and its cloud revenues surpassed $50 billion in the December quarter for the first time. The company anticipates Azure revenue growth to remain strong at approximately 37–38% in constant currency. JPMorgan also lowered Microsoft’s target price from $575 to $550 while maintaining its outperform rating.