ORCL Oracle (ORCL) Q4 FY26 earnings call
Oracle delivered a record Q4 FY26, driven by robust cloud infrastructure and applications growth, fueled by strong AI demand. The company's RPO reached an unprecedented level, underpinning confidence in its long-term financial outlook. Significant capital investments are underway to expand data center capacity, positioning Oracle at the forefront of the AI technology transition, despite near-term gross margin pressures from these build-outs.
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ORCL operating KPIs by quarter
| KPI | Feb 2025 Q3 FY25 | May 2025 Q4 FY25 | Aug 2025 Q1 FY26 | Nov 2025 Q2 FY26 | Feb 2026 Q3 FY26 | This call May 2026 Q4 FY26 | Aug 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Remaining performance obligation (RPO) | $130BOur RPO balance is now $130 billion, up from $97 billion last quarter and up from $80 billion last year.Source: earnings call transcript | $138BOur remaining performance obligations now stand at $138 billion, up $8 billion from last quarter and up 41% from last year, and yet the best is still to come.Source: earnings call transcript | $455BAt the end of Q1, remaining performance obligations, or RPO, now to $455 billion.Source: earnings call transcript | $523.3BRemaining performance obligations, or RPO, ended the quarter at $523.3 billion, up 433% from last year and up $68 billion since the end of August, driven by contracts signed with Meta, NVIDIA and others as we continue to diversify our customer backlog.Source: earnings call transcript | $553BThis is directly visible in our $553 billion RPO.Source: earnings call transcript | $638BAnd our remaining performance obligations, or RPO, finished at $638 billion, up 363%.Source: earnings call transcript | — | +15.4% |
| Live Database at Cloud Services cloud regions | 18We are currently live in 18 cloud regions with Database at Cloud Services with our partners and have another 40 planned with Azure, Google and AWS.Source: earnings call transcript | 23We are currently live in 23 cloud regions with database at cloud services and have another 47 planned.Source: earnings call transcript | 34And finally, the Oracle database is booming with 34 multi-cloud data centers now live inside of Azure, GCP and AWS, and we will deliver another 37 data centers for a total of 71.Source: earnings call transcript | — | — | — | — | +47.8% |
| Contract bookings AI infrastructure | — | — | — | — | — | $67BWe signed $67 billion in AI infrastructure contracts this quarter, the majority of which was either bring-your-own-hardware or prepaid.Source: earnings call transcript | $30B+We closed more than $30 billion of additional AI contracts in Q1 without requiring additional capital from Oracle.Source: earnings call transcript | — |
| Global GPU utilization rate | — | — | — | — | — | 97.5%Our global GPU utilization rate is 97.5%.Source: earnings call transcript | 97.9%GPU utilization remains extremely high at 97.9% in Q1.Source: earnings call transcript | +0.4 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.