Oracle reported Q2 FY26 revenue of $16.1 billion, up 14% year-over-year, while Non-GAAP EPS grew 54% to $2.26, benefiting significantly from a $2.7 billion pre-tax gain on the sale of its interest in Ampere. The growth was driven by a 34% increase in total Cloud Revenue to $8.0 billion, even as legacy Software revenue declined 3%.

Key Highlights

  • Remaining Performance Obligations (RPO), a measure of future contracted revenue, surged 438% year-over-year to $523 billion, driven by new large-scale cloud commitments from customers including Meta and NVIDIA.
  • Cloud Infrastructure (IaaS) revenue continued its rapid expansion, growing 68% year-over-year to $4.1 billion, outpacing the 11% growth in the Cloud Application (SaaS) segment.
  • The company announced the sale of its interest in chip-designer Ampere, recording a significant one-time gain and shifting its cloud hardware strategy to 'chip neutrality' to work with all major CPU and GPU suppliers.