Oracle announced its fiscal year 2026 Q2 results, with significant increases in performance obligations and total revenue.
Cloud revenues saw a substantial growth of 34% in USD, reaching $8.0 billion.
The company reported Q2 GAAP Earnings per Share up 91% to $2.10 and Non-GAAP Earnings per Share up 54% to $2.26.
Total Remaining Performance Obligations Surge
Remaining Performance Obligations spiked by 438% in USD year-over-year to $523 billion.
Cloud Revenue Growth
Cloud revenue, including IaaS and SaaS, increased by 34% in USD, reaching $8.0 billion.
Strategic Changes in Chip Manufacturing
Oracle sold its interest in the Ampere chip company, shifting to a policy of chip neutrality to collaborate with various CPU and GPU suppliers.
Focus on AI Technology
Oracle emphasizes embedding AI in its software products, aiming to automate processes across different industries and enhance customer experience.
- Oracle's focus on AI technology and cloud infrastructure led to significant revenue growth in Q2.
- The strategic decision to sell the Ampere chip company reflects Oracle's commitment to agility and collaboration in the tech industry.
Overall, Oracle's Q2 financial results showcase strong revenue growth driven by cloud services and strategic adjustments in chip manufacturing.