Overview
- Oracle reports fiscal Q3 results after the market close on March 10, with consensus calling for adjusted EPS of $1.71 and revenue near $16.92 billion.
- Investors will scrutinize Oracle Cloud Infrastructure after 68% year-over-year growth in Q2 and guidance for roughly 77% expansion for the full fiscal year, alongside a long-term cloud revenue goal of $144 billion by FY2030.
- Remaining performance obligations reached $523 billion in Q2, up 438% year over year, making the Q3 backlog update a key demand signal.
- Management has outlined about $50 billion in FY26 capital expenditures and disclosed roughly $248 billion in operating lease commitments, which have contributed to negative trailing free cash flow despite operating cash flow above $22 billion.
- Shares have fallen more than 20% this year and nearly 60% from September highs, as Deutsche Bank cut its price target to $300 with a Buy rating, while broader Wall Street sentiment remains Strong Buy with an average target near $270.