Oracle's third quarter 2026 results beat estimates, driven by an 84% surge in Cloud Infrastructure revenue.

Oracle reported third quarter fiscal 2026 revenue of $17.2 billion, up 22% year-over-year, and non-GAAP EPS of $1.79, up 21%. Both figures significantly exceeded analyst expectations.

Key Highlights

• Cloud Infrastructure (IaaS) revenue grew 84% year-over-year to $4.9 billion, dramatically outpacing expectations.
• Total Cloud Revenue (IaaS plus SaaS) reached $8.9 billion, an increase of 44% from the prior year.
• Remaining Performance Obligations (RPO) surged 325% year-over-year to $553 billion, driven by large-scale AI contract signings.
• Management raised its fiscal year 2027 total revenue guidance to $90 billion.