I agree. Here is my summary of the quarter ;-)

Microsoft-MSFT reported revenue for the quarter ended December 31 increased 17% to $81.3 billion with net income and EPS jumping 60% to $38.5 billion and $5.16, respectively. Excluding the impact from Microsoft’s investment in OpenAI, which resulted in a $1.02 gain during the second quarter of fiscal 2026 and a $0.12 loss in the same quarter last year, adjusted EPS increased 24% to $4.14.  By business segment, Productivity and Business Processes revenue increased 16% to $34.1 billion, powered by 17% growth in Microsoft 365 Commercial cloud revenue, 29% jump in Microsoft 365 Consumer cloud revenue, 11% increase in LinkedIn revenue and 19% growth in Dynamics 365 revenue. Intelligent Cloud revenue climbed 29% to $32.9 billion thanks to a 39% surge in Azure and other cloud services revenue. More Personal Computing revenue dipped 3% to $14.3 billion on a 1% increase in Windows OEM and Devices revenue, a 5% decline in Xbox content and services revenue and a 10% increase in Search and news advertising revenue. Microsoft ended the quarter with $620.0 billion in remaining performance obligations (RPO), which represents the total value of future revenue from customer contracts not yet reflected on financial statements. RPO rose 110% from last year, with 25% expected to be recognized during the next 12 months. About 45% of Microsoft’s RPO derives from its OpenAI contracts. For the six months ended 12/31/2025, Microsoft generated $80.8 billion in operating cash flow, up 43% from last year, and $31.5 billion in free cash flow, up 22% from last year, on a 60% surge in capital expenditures to build out its AI infrastructure.  This includes nearly $37.5 billion invested during the second quarter, up 66% year-over-year, to support customer demand for Microsoft’s cloud and AI offerings, which still exceeds supply. Roughly two-thirds of the capital expenditures were for short-lived assets, primarily GPUs and CPUs to support Azure platform demand, growing first-party applications and AI solutions. The remaining capital expenditures were for long-lived assets with a 15-year time horizon.  During the first half of fiscal 2026, Microsoft made $13 billion in dividend payments and $13 billion in share repurchases. Microsoft ended the quarter with $89.5 billion in cash and short-term investments, $35.4 billion in long-term debt and $390.9 billion in shareholders’ equity on its pristine balance sheet. Looking ahead to the fiscal third quarter, revenue is expected to grow 15% to 17% year-over-year with cost of goods sold increasing 22% to 23% and operating expenses increasing 10% to 11%, resulting in a slight decline in operating margins. Capital expenditures are expected to decline sequentially due to the normal variability from cloud infrastructure buildouts and capital lease deliveries.