Oracle Corporation 8-K
PositiveEarningsNew guidance
Large AI contracts drove the RPO surge, largely supported by customer prepayments or GPUs; FY2027 revenue guidance rose.
Filed 2026-03-10 16:12 ET
- 2.02 Results of Operations
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Q3 FY2026 results with Q4 guidance, FY2027 revenue guidance and declared dividends. Revenue grew 22% Y/Y, led by cloud revenue growth of 44%; remaining performance obligations (RPO) reached $553B, up 325%. Oracle reported Q4 outlook, reaffirmed FY2026 revenue and capital expenditure guidance, and raised FY2027 revenue guidance. The board declared cash dividends on common and mandatory convertible preferred stock.
Key Figures
| Metric | Q3 FY2026 | Q3 FY2025 | Y/Y |
|---|---|---|---|
| Total revenue | $17.2B | $14.1B | 22% |
| Cloud revenue | $8.91B | $6.21B | 44% |
| Operating income, GAAP | $5.46B | $4.36B | 25% |
| Operating income, non-GAAP | $7.38B | $6.20B | 19% |
| Net income, GAAP | $3.72B | $2.94B | 27% |
| Net income, non-GAAP | $5.22B | $4.23B | 23% |
| Diluted EPS, GAAP | $1.27 | $1.02 | 24% |
| Diluted EPS, non-GAAP | $1.79 | $1.47 | 21% |
- RPO was $553B, up 325% Y/Y and $29B Q/Q; Oracle said most of the increase related to large AI contracts, largely supported by customer prepayments or customer-supplied GPUs.
- Nine-month operating cash flow was $17.4B vs $14.7B; capital expenditures were $39.2B vs $12.1B. Trailing-four-quarter free cash flow was $(24.7)B vs $(5.88)B. Cash and cash equivalents were $38.5B at quarter-end.
- Oracle said it raised $30B through investment-grade bonds and mandatory convertible preferred stock after announcing plans to raise up to $50B through debt and equity financing; it had not started the at-the-market equity portion. Quarterly dividends: $0.50 per common share, payable 4/24/2026 to holders of record 4/9/2026; $1,263.89 per mandatory convertible preferred share, payable 4/15/2026 to holders of record 4/1/2026.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Total revenue growth, USD | Q4 FY2026 | 19%-21% | — | — |
| Total revenue growth, constant currency | Q4 FY2026 | 18%-20% | — | — |
| Cloud revenue growth, USD | Q4 FY2026 | 46%-50% | — | — |
| Cloud revenue growth, constant currency | Q4 FY2026 | 44%-48% | — | — |
| EPS, non-GAAP, USD | Q4 FY2026 | $1.96-$2.00; growth 15%-17% | — | — |
| EPS, non-GAAP, constant currency | Q4 FY2026 | $1.92-$1.96; growth 15%-17% | — | — |
| Revenue | FY2026 | $67B | $67B | Reaffirmed |
| Capital expenditures | FY2026 | $50B | $50B | Reaffirmed |
| Total revenue | FY2027 | $90B | — | Raised |
Investor Takeaways
- Q4 results will show whether revenue, cloud growth and non-GAAP EPS reach their guided ranges.
- Watch FY2027 revenue progress alongside delivery of AI-related RPO and the associated capital spending and free cash flow.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3