Oracle Corporation
Oracle Corporation Q3 FY2026 earnings call
March 10, 2026 · fiscal period ended 2026-02
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-03-10
Management highlights
In January, TikTok US completed separation of US data operations, Oracle has 15% equity stake. In February, raised $30 billion in debt and equity financing. AI is being embraced in applications, built three new CX applications. Had over 2,000 customers go live in Q3. Lockheed Martin, Rhombus, etc. selected Oracle services. Multicloud database has global region coverage in partner clouds. AI infrastructure demand exceeds supply, RPO is $553 billion.
Segment performance
Multicloud database revenue grew 531% year over year. AI infrastructure revenue grew 243% year over year. Cloud applications revenue was up 11% in constant currency, reaching an annualized run rate of $16.1 billion. Within cloud applications, Fusion ERP was up 14%, Fusion SCM up 15%, Fusion HCM up 15%, Fusion CX up 6%, NetSuite was up 11%, industry SaaS solutions combined were up 19%.
Guidance
Overdelivering on FY26 revenue and earnings, constantly raising FY27 forecast. FY26 was first quarter in over 15 years where both organic total revenue and organic non-GAAP EPS grew at 20% or better in USD.
Q&A highlights
Q: John DiFucci asks about halo effect and CapEx.
A: Mike Cecilia talks about halo effect from apps, OCI infrastructure, sovereign AI. Doug Caring says will discuss CapEx after fiscal year end.
Q: Mark Murphy asks about data center location for inferencing.
A: Clay Magouyrk says latency issue not mainly data center location but hardware, data centers can be placed where power and land are abundant.
Q: Siti Panigrahi asks about AI Database and Data Platform.
A: Clay Magouyrk says customers want to combine best models with private data, Oracle AI Database and Data Platform help.
Q: Mark Moerdler asks about AI data center profitability and Sovereign Cloud.
A: Clay Magouyrk talks about AI data center profitability, Mike Cecilia talks about Sovereign Cloud with Alloy model.
Q: Raimo Lenschow asks about AI and SaaS.
A: Mike Cecilia says customers not replacing core systems with niche AI, AI helps SaaS.
Q: Brad Zelnick asks about Oracle's role in AI interaction layer.
A: Mike Cecilia talks about data gravity and AI Agent Studio, Lawrence Ellison talks about prebuilt agents and AI Data Platform for building custom agents
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $1.79 | $1.70 | +5.3% | $1.47 |
| Revenue | $17.19B | $16.86B | +1.9% | $14.13B |
Transcript
March 10, 2026Full transcript unavailable for redistribution
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