will M2 MacBooks ever support two external monitors?

baileyindc wrote:

is this a hardware limitation or could a software update allow M2 MacBooks to support two external monitors?

Neither the M1 nor M2 Macs support more than one external display. As users we can not speak for Apple or their future plans.

Here is a summary of what Mac configurations support multiple external displays:

Connect a display to your Mac - Apple Support

baileyindc wrote:

is it a hardware or software limitation?

Hardware. All the silcon Macs referenced in the linked to article run the same software.