Oracle Corporation (ORCL) reported an 817% year-over-year increase in multicloud database consumption during second-quarter fiscal 2026, highlighting a surge in enterprise adoption of its AI and database services across major cloud platforms such as AWS, Azure, and Google Cloud. This shift supports Oracle’s strategy to serve as a cloud-neutral AI and data layer, enhancing flexibility and reducing single-vendor dependency.
During the same quarter, Oracle launched two multicloud initiatives: Multicloud Universal Credits for streamlined service deployment across clouds and a reseller program through preferred partners. These initiatives come as Oracle’s cloud revenues contribute to approximately 50% of total revenues, further bolstering long-term contract commitments that provide visibility into future demand.
Looking ahead, the Zacks Consensus Estimate predicts a 16.7% revenue increase for fiscal 2026 and a 27.5% increase for fiscal 2027, despite Oracle shares declining 34% over the past three months, underperforming the tech sector. The estimate for earnings per share in fiscal 2026 stands at $7.42, reflecting a potential 23.05% growth compared to fiscal 2025.
