Summer 2026
Posted on 4/3/2026
Develops software, OS, and cloud services
$38.71 - $76.56/hr
Company Historically Provides H1B Sponsorship
Redmond, WA, USA + 1 more
More locations: New York, NY, USA
In Person
Must be physically located at the manager’s Microsoft worksite location for the duration of the internship.
PhD
See people who can refer or advise you
Microsoft develops software, devices, and cloud services. Windows is an operating system that runs on personal computers, Office provides productivity apps, and Azure offers cloud computing and developer tools. The company differentiates itself with a large, integrated ecosystem of software, devices, and services, plus long-standing partnerships with PC makers and a broad enterprise footprint. Its goal is to put a computer on every desk and in every home, and to extend that reach through cloud services, professional networking (LinkedIn), and gaming.
Company Size
10,001+
Company Stage
IPO
Headquarters
Redmond, Washington
Founded
1975
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Professional Development Budget
Conference Attendance Budget
Flexible Work Hours
Remote Work Options
JPMorgan analyst Samik Chatterjee raised his December 2027 price target for Microsoft to $625 from $550 on 13 August, maintaining an Overweight rating. The target implies roughly 30% upside from Microsoft's trading price of approximately $492. The upgrade follows Microsoft's strong fourth-quarter results on 29 July, which sent the stock up more than 27%. Azure grew 43% in constant currency, crossing $100 billion, whilst Intelligent Cloud revenue hit $39.3 billion, up 32%. Chatterjee estimates Copilot could add between $24 billion and $41 billion in revenue. GitHub Copilot alone has 50 million users. The analyst expects Azure growth to accelerate as AI infrastructure spending rises, with margins stabilising as buildout matures. JPMorgan's target sits below Wells Fargo's $700 Street-high but above the 34-analyst average of $564.49.
JPMorgan has raised its price target for Microsoft to $625 by December 2027, up from $550, maintaining an Overweight rating. Analyst Samik Chatterjee cited accelerating Azure growth and expanding Copilot adoption as evidence that Microsoft's AI infrastructure investment is translating into higher-value software revenue. Microsoft reported strong recent performance, with Azure and cloud services revenue jumping 43% year-over-year in the fiscal fourth quarter. Microsoft Cloud revenue reached $59.3 billion, up 27%, whilst Microsoft 365 Copilot now has over 30 million paid seats. The company spent $41 billion on capital expenditures during the quarter, with roughly two-thirds directed towards CPUs and GPUs. Chatterjee estimates Copilot could ultimately generate between $24 billion and $41 billion in revenue, approximately seven times current estimates.
Wells Fargo analyst Michael Turrin has set the highest Microsoft price target on Wall Street at $700, up from $650. The firm had previously cut its target to $625 in July amid concerns over AI infrastructure spending. The reversal came after Microsoft's 29 July earnings report showed Azure crossing $100 billion in annualised revenue, growing 43% in constant currency. Microsoft reported adjusted earnings per share of $4.74 on revenue of $90.01 billion, beating consensus estimates. Turrin maintained his Overweight rating, arguing Microsoft's enterprise AI leadership and corporate software dominance justify a premium valuation. The target implies roughly 39% upside from the current stock price of $503.81. The average analyst target across 35 firms sits at $562.
IREN Limited has delivered its first 50MW AI cloud data centre, Horizon 1, to Microsoft at its Childress, Texas campus. The delivery is part of a five-year, $9.7 billion cloud services contract announced in November 2025. IREN has also achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72 following testing at Horizon 1. The designation demonstrates IREN's capability to support demanding AI workloads with performance, reliability and scale. The company plans to deliver three additional 50MW facilities to Microsoft later this year. IREN is targeting expansion to 480MW AI cloud capacity in 2026 and 1.2GW in 2027. The rapid deployment reflects IREN's vertically integrated model, providing end-to-end control across design, engineering and construction of data centres.
Applied Digital and Microsoft present contrasting investment profiles in the technology sector. Applied Digital specialises in data centres for high-performance computing and AI, whilst Microsoft operates as a diversified global technology leader. Applied Digital reported FY 2026 revenue of $611.3 million, up 184% year-over-year, but posted a net loss of $244 million. The company faces significant risks, with one customer representing 59% of revenue. Its debt-to-equity ratio stands at 2.9x, and free cash flow was negative $2.8 billion. Microsoft generated FY 2026 revenue of $331.8 billion, up 17.8%, with net income of $133.7 billion and a 40.3% profit margin. The company maintains a diversified customer base across three business segments. Applied Digital offers niche growth potential in AI infrastructure but carries higher risk through customer concentration and financial leverage. Microsoft provides stability through its established market position and profitability.