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Oracle reports Q3 2026 revenue of $17.19 billion driven by cloud and AI infrastructure growth

Tuesday, March 10, 2026 at 10:30 PM

Oracle reported Q3 2026 earnings with adjusted revenue reaching $17.19 billion, a 22% increase year-over-year, and earnings per share of $1.79. The results exceeded analyst expectations, signaling continued strong demand for enterprise cloud and AI infrastructure services.

Context

Oracle reported exceptional Q3 fiscal 2026 results, with total revenue reaching $17.19 billion, a 22% year-over-year increase that exceeded analyst estimates. This performance was primarily fueled by a 44% surge in cloud revenue to $8.9 billion, with Cloud Infrastructure (IaaS) specifically jumping 84% to $4.9 billion. For the first time in over 15 years, the company achieved organic revenue and non-GAAP EPS growth of at least 20% simultaneously. Non-GAAP EPS reached $1.79, beating expectations of $1.70. Crucially, Oracle reported that its Remaining Performance Obligations (RPO) skyrocketed 325% to $553 billion, driven by massive AI infrastructure contracts. CEO Safra Catz stated that this quarter was "exceptional" with results that "exceeded expectations" across both USD and constant currency guidance. The company noted that much of the RPO increase relates to large-scale AI deals where customers often fund GPU purchases upfront or supply the hardware themselves, minimizing Oracle's need for incremental capital to support these specific contracts. This backlog solidifies Oracle's position as a primary hyperscale provider for the AI era.

Sources (7)

Oracle - Oracle Announces Fiscal Year 2026 Third Quarter Financial Results Oracle Announces Fiscal Year 2026 Third Quarter Financial Results [PDF] Contact: Ken Bond Deborah Hellinger Oracle Investor Relations ...Oracle Stock: What Wall Street Is Saying With Earnings On Deck | Investor's Business Daily Oracle Loads Up on AI Infrastructure as OCI Backlog, Data Center Commitments Surge Oracle's Backlog Now Sits at $553 Billion. Is the Stock a Buy?Is Oracle’s $523 Billion AI Backlog Worth the $50 Billion Price Tag? – HyperFRAME Research

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