Oracle FY2026Q3 Revenue Up 22% Year-over-Year, Remaining Performance Obligations Increased by $29 Billion in the Quarter

robot
Abstract generation in progress

IT House March 11 News, Oracle announced on March 10 (local time in the United States) that the company achieved a total revenue of $17.2 billion in the third fiscal quarter of FY2026, ending January 2026. This represents a 22% year-over-year increase in USD and an 18% increase at fixed exchange rates.

Oracle stated that FY2026 Q3 is its first quarter in 15 years to achieve revenue and Non-GAAP net profit growth of 20% or more in USD. In its overall business, cloud services contributed $8.9 billion, at the high end of guidance, with a 44% year-over-year increase in USD / 41% at fixed exchange rates.

Oracle mentioned that its remaining performance obligations (RPO) at the end of FY2026 Q3 reached $553 billion, a 325% year-over-year increase, adding $29 billion compared to the previous fiscal quarter. Oracle expects no additional funding to support these new contracts.

For the fourth quarter of FY2026, Oracle forecasts total revenue to grow 19-21% in USD / 18-20% at fixed exchange rates, with cloud service revenue increasing 46-50% in USD / 44-48% at fixed exchange rates.

Driven by favorable data, Oracle’s stock price rose 8.7% in after-hours trading on March 10.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin