Oracle Corporation (NYSE: ORCL) today announced fiscal 2026 second-quarter results. Remaining Performance Obligations (RPO) were up 43% year-over-year in dollars, reaching $52.3 billion. Total quarterly revenue was up 14% in dollars and 13% in constant currency, totaling $16.1 billion. Cloud revenue grew 34% in dollars and 33% in constant currency, reaching $8.0 billion. Software revenue was down 3% in dollars and 5% in constant currency, totaling $5.9 billion.
Second-quarter GAAP operating income was $4.7 billion. Non-GAAP operating income was $6.7 billion, up 10% year-over-year in dollars and 8% in constant currency. GAAP net income was $6.1 billion. Non-GAAP net income was $6.6 billion, up 57% in dollars and 54% in constant currency. Second-quarter GAAP earnings per share were $2.10, up 91% in dollars and 86% in constant currency. Non-GAAP earnings per share were $2.26, up 54% in dollars and 51% in constant currency.
Short-term deferred revenues were $9.9 billion. Over the trailing twelve months, operating cash flow was $22.3 billion, up 10% in dollars.
“Remaining Performance Obligations (RPO) increased $6.8 billion in Q2—up 15% sequentially, reaching $52.3 billion—driven by new commitments from Meta, NVIDIA, and others,” said Doug Kehring, Oracle’s Chief Financial Officer. “GAAP earnings per share grew 91% to $2.10, and non-GAAP grew 54% to $2.26. Both were positively impacted by a pre-tax gain of $2.7 billion from the sale of Oracle’s stake in our chip company, Ampere.”
“Oracle sold Ampere because we no longer believe it is strategic to continue designing, manufacturing, and using our own chips in our cloud datacenters,” said Larry Ellison, Oracle’s Chairman and Chief Technology Officer. “We are now committed to a chip neutrality policy, working closely with all our CPU and GPU suppliers. We will continue to buy the latest GPUs from NVIDIA, but we need to be prepared to deploy whatever chips our customers want. Many changes will occur in AI technology over the next few years, and we need to remain agile.”
“Oracle is very good at building and operating high-performance, cost-efficient datacenters,” said Clay Magouyrk, Oracle’s Chief Executive Officer. “For years, we have invested in AI and building autonomous cloud software. Oracle Autonomous Database and Oracle Autonomous Linux have been essential in reducing human labor and human error in our datacenters. Because our datacenters are highly automated, we can build and operate more of them. Oracle has over 21 active and planned regions worldwide—more than any cloud competitor. We have already built more than half of the 72 Oracle Multicloud datacenters that will be incorporated into Amazon, Google, and Microsoft clouds. We are committed to Multicloud Neutrality because we believe our customers should be able to run their Oracle databases on the cloud of their choice. This strategy is working very well. Our Multicloud database business is our fastest-growing—up 817% in Q2.”
“AI training and selling AI Models are big businesses,” said Mike Sicilia, Oracle’s Chief Executive Officer. “But we believe there is an even bigger opportunity—embedding AI into a variety of products. Oracle is uniquely positioned to embed AI across the three layers of our software products: our cloud datacenter software, our autonomous database and analytics software, and our applications software. All these businesses are already large—AI will make them even better and bigger. AI allows us to automate complex, multi-step processes that were impossible to automate before. AI is enabling us to automate credit origination and risk quantification for banks and customers. It is enabling us to help doctors diagnose and care for patients and manage reimbursement processes between healthcare providers and payers. All five top AI models are on Oracle Cloud. We have huge advantages over our competitors in applications.”
The board of directors declared a quarterly cash dividend of $0.50 per share of outstanding common stock. The dividend will be paid to stockholders of record as of the close of business on January 9, 2026, with a payment date of January 23, 2026.
- A list of customers who purchased Oracle Cloud services during the quarter is available at oracle.com/customers/earnings.
- A list of recent technical innovations and announcements is available at oracle.com/news.
- To see what market analysts are saying about Oracle products and services, visit oracle.com/corporate/analyst-reports.
Earnings Conference Call and Webcast
Oracle held a conference call and webcast today at 4:00 p.m. Central Time to discuss the results. The live webcast and replay are available on Oracle’s Investor Relations website at oracle.com/investor.
About Oracle
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“Safe Harbor” Statement”
Statements in this press release relating to future plans, expectations, beliefs, intentions, and prospects—including our plans to maintain chip neutrality, our ability to build and operate high-performance, cost-efficient datacenters, expand datacenter construction, the growth opportunity provided by embedding AI into our products, and the overall benefits of AI—are “forward-looking statements” subject to material risks and uncertainties.
Risks that may affect our results include: our ability to develop new products and services, integrate acquisitions, and enhance our existing offerings, including AI products; managing complex cloud and hardware solutions; ability to forecast and ensure datacenter capacity; significant coding or manufacturing errors; risks associated with acquisitions; business volatility; risks related to government contracts; economic, political, and market conditions; IT failures; privacy and data security issues; cyberattacks; adverse litigation; and complex and changing laws and regulations.
Detailed discussions of these risks are available in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, under the heading “Risk Factors.” The documents are available online at the SEC or from Oracle’s Investor Relations department by calling (650) 506-4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at oracle.com/investor.
All information in this press release is current as of December 10, 2025. Oracle undertakes no obligation to update statements in light of new information or future events.
