Overview
- Fiscal Q3 revenue rose 22% to $17.2 billion with non-GAAP EPS of $1.79, topping analysts' estimates.
- Cloud revenue grew 44% to $8.9 billion, including an 84% surge in Oracle Cloud Infrastructure to $4.9 billion.
- Remaining performance obligations hit $553 billion, up 325% year over year, as Oracle said AI demand is outpacing available capacity.
- For fiscal Q4, Oracle guided to 19%–21% revenue growth and non-GAAP EPS of $1.96–$2.00, and it reaffirmed its $67 billion fiscal 2026 revenue target.
- Oracle recorded $153 million in restructuring costs tied to AI-assisted coding, as leaders said new tools speed development and do not threaten its SaaS business.