📅 Fiscal year ends May🎙️ Last earnings: Mar 10, 2026
Latest Quarter Insights
2026 Q3
Sentiment
9/10
▸How this score was built
Base8Base 8GAAP revenue YoY +21.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean for Oracle. No structural sector mismatch or one-time distortion.+EPS+1EPS +1GAAP EPS YoY +24.51% vs rev YoY +21.66%, GAAP spread +2.85pp (inside ±5pp). OI YoY +29.35%, OI spread +7.69pp (outside +5pp). Case 3: GAAP EPS inside but OI outside — below-the-line items (higher interest expense from $30B debt raise, mandatory convertible preferred dividends) drag GAAP EPS relative to strong operating performance. OI spread +7.69pp > +5pp → +1.+Guidance0Guidance 0No explicit numeric raise to FY26 or FY27 total revenue targets stated in Q3 transcript. Doug noted 'overdelivering on FY26 and constantly raising FY27 forecast' qualitatively but no specific new numbers. Next-quarter guidance (16-18% CC rev growth) is strong but standard. Maintained → 0.=Final9
How this score was built
Base8Base 8GAAP revenue YoY +21.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean for Oracle. No structural sector mismatch or one-time distortion.+
Macro Signals
↑AI & Tech↑Enterprise Spending↑Supply Chain
Key Themes7
positive📊 company
First 20%+ Organic Revenue And EPS Growth In 15 Years
Q3 was the first quarter in over 15 years where both organic total revenue and organic non-GAAP EPS grew at 20% or better in USD, exceeding expectations across the board.
Revenue GrowthMargin
positive📊 company
AI Infrastructure Revenue Up 243%
AI infrastructure revenue grew 243% year-over-year. Oracle delivered more than 400 megawatts to customers in Q3, with 90% of committed capacity delivered on or ahead of schedule.
EPS +1GAAP EPS YoY +24.51% vs rev YoY +21.66%, GAAP spread +2.85pp (inside ±5pp). OI YoY +29.35%, OI spread +7.69pp (outside +5pp). Case 3: GAAP EPS inside but OI outside — below-the-line items (higher interest expense from $30B debt raise, mandatory convertible preferred dividends) drag GAAP EPS relative to strong operating performance. OI spread +7.69pp > +5pp → +1.
+
Guidance0Guidance 0No explicit numeric raise to FY26 or FY27 total revenue targets stated in Q3 transcript. Doug noted 'overdelivering on FY26 and constantly raising FY27 forecast' qualitatively but no specific new numbers. Next-quarter guidance (16-18% CC rev growth) is strong but standard. Maintained → 0.
=
Final9
Multi-cloud database revenue grew 531% year-over-year. Oracle has 33 regions live with Microsoft, 14 with Google, and scaled from 2 to 8 AWS regions in Q3 with 22 AWS regions by Q4 end.
Cloud & AIGeographic Expansion
positive📊 company
TikTok US Equity Investment
Oracle holds a 15% equity stake in the separated TikTok US entity with a board seat. Equity method accounting will begin in Q4 results with no impact to existing service revenue.
M&ACloud & AI
mixed📊 company
$50 Billion Financing Program Launched
Oracle raised $30 billion through investment-grade bonds and mandatory convertible preferred stock from a substantially oversubscribed order book. Committed to maintaining investment-grade debt rating.
CreditCapex Investment
positive📊 company
Application Suite Momentum With AI Agents
Cloud applications grew 11% with Fusion ERP up 14%, SCM up 15%, HCM up 15%. Over 2,000 customers went live in Q3. Over 1,000 AI agents delivered inside horizontal and industry applications.
Cloud & AIDemand
positive📊 company
AI Gross Margin Exceeds Guidance At 32%
AI capacity delivered in Q3 achieved gross margin of 32%, above the 30% guidance level. Combined with higher-margin database services (60-80% gross margin), overall OCI margin profile continues to strengthen.