As Part II of a three-part tutorial on holographic multiple-input multiple-output (HMIMO), this Letter focuses on the state-of-the-art in performance analysis and on holographic beamforming for HMIMO communications. We commence by discussing the spatial degrees of freedom (DoF) and ergodic capacity of a point-to-point HMIMO system, based on the channel model presented in Part I. Additionally, we also consider the sum-rate analysis of multi-user HMIMO systems. Moreover, we review the recent progress in holographic beamforming techniques developed for various HMIMO scenarios. Finally, we evaluate both the spatial DoF and the channel capacity through numerical simulations.