What were Oracle’s (NYSE:ORCL) third-quarter fiscal 2026 financial results?

Oracle reported third-quarter fiscal 2026 revenue of $17.2 billion, a 22% year-over-year increase. The company’s cloud division saw substantial growth, rising 44% to $8.9 billion. Oracle also reported GAAP earnings per share of $1.27, a 24% increase, and non-GAAP earnings of $1.79 per share.

What drove Oracle’s strong performance in Q3 fiscal 2026?

Oracle’s strong performance was driven by a massive surge in demand for its AI cloud infrastructure. The company secured large-scale AI contracts, including ongoing partnerships with OpenAI, which contributed to a 325% increase in Remaining Performance Obligations (RPO) to $553 billion, signaling robust future revenue.

What is Oracle’s Remaining Performance Obligations (RPO), and why is it significant?

Oracle’s RPO for Q3 fiscal 2026 reached $553 billion, a 325% increase year-over-year. RPO measures contracted future revenue, which suggests that Oracle has secured substantial long-term commitments, particularly in AI cloud services. This exponential growth highlights the company’s growing role in the AI sector and its future revenue potential.

What is Oracle’s fiscal 2026 revenue guidance?

Oracle reaffirmed its fiscal 2026 revenue guidance of $67 billion, reflecting its confidence in sustained growth driven by AI and cloud infrastructure. The company expects continued strong demand for its cloud services, particularly in AI.

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Oracle Q3 revenue hits $17.2B as cloud division leads growth charge

Written by Brie CarterPublished Mar 10, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:44 AM

Oracle (NYSE:ORCL) delivered third-quarter fiscal 2026 results on Tuesday that exceeded Wall Street expectations, bolstered by a massive wave of demand for its artificial intelligence (AI) cloud infrastructure.

Total revenue rose 22% to $17.2 billion, while the company’s pivotal cloud division continued its rapid ascent, climbing 44% to $8.9 billion.

The quarter’s most striking metric was the Remaining Performance Obligations (RPO)—a measure of contracted future revenue—which skyrocketed 325% to $553 billion.

Management attributed this exponential growth to several large-scale AI contracts, including its ongoing partnership with OpenAI.

To support the infrastructure required for these commitments, Oracle has raised $30 billion of its planned $50 billion in capital through investment-grade bonds and mandatory convertible preferred stock.

Reflecting this optimism, Oracle reaffirmed its fiscal 2026 revenue guidance of $67 billion and capital expenditures of $50 billion.

More notably, the company raised its fiscal 2027 revenue target to $90 billion, signaling a belief that the current AI build-out cycle has a multi-year runway.

Oracle also declared a quarterly dividend of $0.50 per share, maintaining its commitment to shareholder returns even as it executes the largest investment cycle in its history.

On the bottom line, Oracle reported GAAP earnings per share of $1.27, a 24% increase, while non-GAAP earnings reached $1.79 per share.

Despite the strong growth, interest expenses rose 32% to $1.18 billion as the company manages a total debt load that has now surpassed $100 billion.