Oracle Reports Strong Q3 Results Amid AI Market Concerns
Oracle Corporation (NYSE: ORCL) reported its fiscal 2026 third-quarter results after market close on Tuesday, revealing revenues of $17.2 billion, up 22% year-over-year, surpassing analysts’ expectations of $16.9 billion. Adjusted earnings per share (EPS) increased by 21% to $1.79, while the company’s cloud segment surged 44% to $8.9 billion, fueled by an 84% growth in Oracle Cloud Infrastructure (OCI).
Notably, Oracle’s remaining performance obligation (RPO) reached $553 billion, marking a 325% increase year-over-year, driven by significant AI contracts. For the fourth quarter, Oracle anticipates revenues of $19 billion, reflecting 20% year-over-year growth. The company raised its fiscal 2027 revenue forecast to $90 billion, up by $1, and approved a dividend of $0.50, set to be paid on April 24 to shareholders of record by April 9.
