Q3 26 EPS
$1.79
Q3 26 Revenue
$17.19B
Did ORCL Beat Earnings? Q3 2026 Results
Oracle delivered what management called an exceptional Q3 FY2026, posting earnings per share of $1.79 and revenue of $17.19 billion in a quarter the company described as exceeding expectations across every key metric, marking the first time in over 1… Read more Oracle delivered what management called an exceptional Q3 FY2026, posting earnings per share of $1.79 and revenue of $17.19 billion in a quarter the company described as exceeding expectations across every key metric, marking the first time in over 15 years that organic total revenue and non-GAAP EPS both grew 20% or more in the same period. Heading into the print, attention was already focused on cloud infrastructure momentum, and the results did not disappoint: IaaS revenue surged 84% year-over-year to $4.89 billion, fueled by AI-driven demand that Oracle says continues to exceed supply. Perhaps the most striking data point was Remaining Performance Obligations, which ballooned 325% year-over-year to $553.00 billion, reflecting a wave of large-scale AI contracts where customers either prepay or supply GPUs directly. Looking ahead, Oracle guided Q4 total revenue growth of 19%-21% and raised its FY2027 revenue target to $90.00 billion, signaling sustained confidence in the AI infrastructure buildout.
Key Takeaways
- • Cloud Infrastructure (IaaS) revenue grew 84% YoY in USD driven by AI training and inferencing demand
- • First quarter in over 15 years with organic total revenue and non-GAAP EPS both growing 20%+ in USD
- • Remaining Performance Obligations surged 325% YoY to $553 billion driven by large-scale AI contracts
- • Multicloud Database revenue grew 531% in USD
- • Foreign currency movements added 4 percentage points to total revenue growth
ORCL Forward Guidance & Outlook
For Q4 FY2026, Oracle expects total revenue growth of 19%-21% in USD (18%-20% in constant currency), cloud revenue growth of 46%-50% in USD (44%-48% in constant currency), and non-GAAP EPS of $1.96-$2.00 in USD ($1.92-$1.96 in constant currency), representing 15%-17% growth. For full-year FY2026, Oracle maintains revenue guidance of $67 billion and capital expenditure guidance of $50 billion. For FY2027, Oracle raised total revenue guidance to $90 billion. The company stated that growing AI demand and strengthened financial positions of major AI consumers enable Oracle to comfortably meet and likely exceed its FY27 revenue growth rate forecast.
ORCL YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
ORCL Revenue by Segment
With YoY comparisons, source: SEC Filings
ORCL Revenue by Geography
With YoY comparisons, source: SEC Filings
ORCL Earnings Trends
ORCL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ORCL EPS Trend
Earnings per share: estimate vs actual
ORCL Revenue Trend
Quarterly revenue: estimate vs actual
ORCL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $1.79 | — | $17.19B | — |
| Q2 26 BEAT | $1.71 | $2.26 | +32.43% | $16.06B | -4.99% |
| Q1 26 MISS | $1.48 | $1.47 | -0.63% | $14.93B | -0.76% |
| Q4 25 BEAT FY | $1.64 | $1.70 | +3.66% | $15.90B | — |
| FY Full Year | $6.00 | $6.03 | +0.52% | $57.40B | +0.32% |
| Q3 25 MISS | $1.49 | $1.47 | -1.34% | $14.13B | -1.81% |