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Windows Central
Windows Central
Technology
Kevin Okemwa

Microsoft's early bet on OpenAI is weighing heavily on Azure, causing 45% of its backlog — but it's finally starting to pay off

Sam Altman and Satya Nadella on stage.

“We are pushing the frontier across our entire AI stack to drive new value for our customers and partners," indicated Microsoft CEO Satya Nadella while reporting on the company's financial results for FY26 Q2.

The software giant's superseded Wall Street estimates on revenue and earnings, reporting $81.3 billion in revenue (up 17% YoY) and $38.3 billion in operating income (up 21% YoY). However, its shares fell about 6% in after-market trading after the company reported on its financials.

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