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Oracle Corporation (ORCL) announced significant growth in its contract pipeline, reporting a 359% year-over-year increase in Remaining Performance Obligations (RPO) in the first quarter of fiscal 2026. This surge is largely fueled by multi-billion-dollar deals with top AI companies such as OpenAI, Meta, NVIDIA, AMD, and xAI. Oracle expects these contracts to help exceed $500 billion over the coming quarters.
In fiscal 2026, Oracle anticipates cloud revenues to reach $18 billion, a growth of 77%, with long-term goals set at $144 billion by 2030. The company’s stock has rallied, closing up 3% recently, and reported an 83.7% increase year-to-date, outperforming peers.
For context, rivals Microsoft (MSFT) and Alphabet (GOOGL) have also reported strong contract pipelines, with Microsoft holding a $368 billion RPO and Alphabet a $108.2 billion backlog, indicating a competitive landscape in the cloud and AI markets.
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