Microsoft (MSFT) Stock Outlook for 2026, According to Experts

Microsoft shares fell about 15% year-to-date in early 2026, despite strong fiscal Q2 revenue of $81.3 billion and Q3 guidance above $80 billion.

Investors are focusing on whether Microsoft’s heavy AI spending, especially around Azure and OpenAI, will convert into lasting profit growth.

Copilot monetization and voluntary employee buyouts have added to mixed market sentiment around the stock.

Bullish analysts still see upside, but the 2026 outlook now hinges on proving AI investments can deliver durable returns.