Oracle posted a blowout start to fiscal 2026, unveiling first-quarter numbers that underscore surging demand for its AI-ready cloud. The company reported total revenue of $14.9bn (+12% YoY) and cloud revenue of $7.2bn (+28%), with Cloud Infrastructure (IaaS) up 55% and Cloud Applications (SaaS) up 11%. Remaining Performance Obligations (RPO) exploded 359% to $455bn, reflecting four multi-billion-dollar deals signed in the quarter. GAAP EPS was $1.01 (-2%), while non-GAAP EPS rose 6% to $1.47.
CEO Safra Catz called it “an astonishing quarter,” adding that Oracle expects to sign several more multi-billion-dollar customers in the coming months and now anticipates OCI revenue to grow 77% to $18bn this fiscal year, then to $32bn, $73bn, $114bn and $144bn over the subsequent four years—most of which is already embedded in reported RPO. Chairman and CTO Larry Ellison highlighted 1,529% growth in multicloud database revenue from Amazon, Google and Microsoft and previewed the Oracle AI Database, which will let customers run leading LLMs (Gemini, ChatGPT, Grok and others) directly atop Oracle Database to unlock enterprise data for advanced AI reasoning.
Market reaction matched the upbeat outlook: Oracle’s shares surged roughly 35% on the day, the strongest single-session gain since 1992. The spike briefly lifted founder Larry Ellison to the top of global wealth rankings, before settling—an illustration of how decisively investors are pricing in Oracle’s multi-year AI cloud runway.
The board declared a quarterly cash dividend of $0.50 per share, payable Oct. 23, 2025, to shareholders of record Oct. 9, 2025.
Source: Oracle, Oracle Announces Fiscal Year 2026 First Quarter Financial Results, Sept. 9, 2025.
