Oracle’s NetSuite division reported $1.1 billion in revenue for Q3 of fiscal 2026, marking a 14% increase year-over-year in USD, and 11% in constant currency. This performance contributed to Oracle’s total cloud revenue of $8.9 billion, up 44% in USD and 41% in constant currency. The continued growth underscores Oracle’s strategic shift towards cloud-based solutions for mid-market companies transitioning from traditional software.
Oracle is actively enhancing its NetSuite platform with over 100 AI agents to automate workflows and improve business efficiency. However, the division faces challenges from competitors like Microsoft and SAP, who reported respective revenue increases of 30% and 25% in their cloud offerings, indicating strong market demand for AI-driven ERP solutions. Oracle’s Remaining Performance Obligations surged 325% year over year to $553 billion, reflecting significant future revenue potential.
Despite current growth, Oracle’s stock has seen a 6.9% decline year-to-date, contrasting with the overall tech sector’s 14.8% increase. Analysts predict Oracle’s earnings for fiscal 2026 will rise to $7.46 per share, representing a growth of 23.71% compared to the previous fiscal year.
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