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Sentiment · FY2026 Q4
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2025 Q1 | $13.31B | +6.9% | $1.03 | +19.8% | 70.6% | 30.0% | 22.0% | $5.12B |
| FY2025 Q2 | $14.06B | +8.6% | $1.10 | +23.6% | 70.9% | 30.0% | 22.4% | $-2.67B |
| FY2025 Q3 | $14.13B | +6.4% | $1.02 | +20.0% | 70.3% | 30.8% | 20.8% | $71M |
| FY2025 Q4 | $15.90B | +11.3% | $1.19 | +7.2% | 70.2% | 32.1% | 21.5% | $-2.92B |
| FY2026 Q1 | $14.93B | +12.2% | $1.01 | -1.9% | 67.3% | 28.7% | 19.6% | $-362M |
| FY2026 Q2 | $16.06B | +14.2% | $2.10 | +90.9% | 66.5% | 29.5% | 38.2% | $-9.97B |
| FY2026 Q3 | $17.19B | +21.7% | $1.27 | +24.5% | 64.6% | 32.8% | 21.6% | $-11.48B |
| FY2026 Q4 | $19.18B | +20.6% | $1.45 | +21.8% | 65.2% | 32.0% | 22.4% | $-1.87B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| John DiFucci | Guggenheim | 8 (13%) |
| Brad Zelnick | Deutsche Bank | 8 (13%) |
| Mark Moerdler | Bernstein | 7 (14%) |
| Raimo Lenschow | Barclays | 4 (25%) |
| Siti Panigrahi | Mizuho Securities | 3 (0%) |
| Kirk Materne | Evercore ISI | 3 (0%) |
| Alex Zukin | Wolfe Research | 3 (0%) |
| Derrick Wood | TD Cowen | 2 (0%) |
| Ben Reitzes | Melius Research | 2 (50%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Guggenheim | 1 | 8 (13%) |
| Deutsche Bank | 1 | 8 (13%) |
| Bernstein | 1 | 7 (14%) |
| Barclays | 1 |
| 4 (25%) |
| Evercore ISI | 1 | 3 (0%) |
| Mizuho Securities | 1 | 3 (0%) |
| Wolfe Research | 1 | 3 (0%) |
| Melius Research | 1 | 2 (50%) |
Oracle achieved its first 20%+ organic revenue and EPS growth in 15 years, delivering Q3 results highlighted by AI infrastructure revenue up 243% and multi-cloud database revenue up 531% year-over-year. The TikTok US equity investment was announced, and a $50 billion financing program was launched. AI gross margin exceeded guidance at 32%. The application suite showed momentum with AI agents. Management noted the company was overdelivering on FY26 and constantly raising FY27 forecasts.
Cloud & AI | Competitive Dynamics | Capex Investment | Demand | Margin | Revenue Growth | Innovation & R&D | Product Launch | |
|---|---|---|---|---|---|---|---|---|
| 2025Q2 | 5 | 3 | 2 | 2 | 1 | 1 | 1 | 1 |
| 2025Q3 | 6 | 3 | 1 | 2 | 2 | 1 | ||
| 2025Q4 | 5 | 1 | 1 | 1 | 1 | 2 | 1 | |
| 2026Q1 | 4 | 2 | 1 | 2 | 1 | |||
| 2026Q2 | 4 | 2 | 2 | 2 | 1 | |||
| 2026Q3 | 5 | 2 | 2 | 1 | 1 | 1 |
| '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|
| Cloud & AI | 5 | 6 | 5 | 4 | 4 | 5 |
| Competitive Dynamics | 3 | 3 | 1 | 2 | 2 | 2 |
| Capex Investment | 2 | 1 | 1 | 1 | 2 | 2 |
| Demand | 2 | 2 | 1 | 2 | 1 | |
| Margin | 1 | 1 | 1 | 2 | 1 | |
| Revenue Growth | 1 | 2 | 2 | |||
| Innovation & R&D | 1 | 1 | 1 | |||
| Product Launch | 1 | 1 | 1 |
What ORCL and other companies said about each other on FY2026 Q3 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“This up to 2.45 gigawatt power block will replace Project Jupiter's previously planned gas turbines and backup diesel generators with Bloom Energy Servers.”
Oracle displaced previously planned gas turbines and diesel backup at Project Jupiter with Bloom Energy Servers, an up to 2.45 gigawatt sole-source win citing air quality, water use and speed.
“Last night, Oracle announced a new power paradigm for Project Jupiter, a multi-gigawatt AI factory to be built in New Mexico.”
Oracle publicly committed to a multi-gigawatt AI factory in New Mexico built on a new on-site power paradigm with Bloom as sole provider.
“Cognizant delivered an AI-powered Oracle cloud ERP transformation, unifying finance, procurement and supply chain on a single cloud-native platform”
Cognizant delivered an Oracle Cloud ERP transformation for a European telecom, evidence of ongoing enterprise adoption of Oracle's cloud ERP.
“The 1.4-gigawatt Oracle data center included in our plan is approved and construction is underway.”
Oracle is an approved 1.4-gigawatt data center customer for DTE, with load ramping over the next several years and covering full cost of energy and capacity.
“One more point on Oracle Fusion, our ERP system: we achieved a major milestone in the first quarter, with the remainder of the transformation to the Oracle Fusion system for Paramount Skydance Corporation Class B Common Stock standalone targeted by early 2027.”
Paramount Skydance is migrating its ERP onto Oracle Fusion, hitting a Q1 milestone with standalone completion targeted by early 2027.
“TikTok US completed the separation of its US data operations from ByteDance into an independent company in which Oracle Corporation now holds a 15% equity stake along with a seat on the board.”
Oracle took a 15% equity stake and board seat in the newly independent TikTok US company, an equity-method investment additive to its financials while it continues as technology vendor.
“Lockheed Martin selected OCI high-performance compute to scale AI across their environments efficiently.”
Lockheed Martin is cited as a new OCI infrastructure customer win, using Oracle compute to scale AI.
“The JM Smucker Company selected Fusion ERP and EPM.”
J.M. Smucker is cited as a new Oracle Fusion applications customer win in the quarter.
“These are three products that salesforce.com does not have.”
Oracle positions its new AI-built CX applications and full stack as capabilities Salesforce lacks, framing Salesforce as behind in AI-era CX.
“Memorial Hermann Health System selected Fusion ERP, SCM, and HCM. This was a win over Workday.”
Oracle cites multiple Fusion applications wins taken directly from Workday, framing Workday as losing back-office SaaS deals to Oracle.
“We continually offer the latest in accelerators, from the most recent NVIDIA and AMD options to emerging designs from companies like Cerebras and PowerCharm.”
AMD is one of the accelerator suppliers Oracle offers in its AI infrastructure, alongside NVIDIA and emerging designs.
“if you look forward to GTC from NVIDIA next week, you will see an announcement from them.”
Oracle relies on NVIDIA accelerators for its AI infrastructure and points to NVIDIA's GTC announcements as central to inference latency innovation.
“We delivered significant growth with AWS, beginning Q3 with two AWS regions live, exiting Q3 with eight AWS regions live; we will exit Q4 with 22 AWS regions live.”
AWS is scaling as an Oracle multicloud database partner, with live regions growing from two to a planned 22, representing incremental cloud demand routed through Amazon's cloud.
“We created our multicloud partnerships with first Microsoft, then Google, and finally Amazon to bring the best database platform to all clouds.”
Google Cloud is one of Oracle's multicloud database partners, with 14 regions live, expanding the reach of Oracle Database into Google's cloud.
“We now have 33 regions live with Microsoft and 14 live with Google.”
Microsoft Azure is a core multicloud partner for Oracle Database, with Oracle reporting broad region coverage that turns Oracle database demand into deployments in Azure.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ORCL Oracle Corporation | 9 | +21.7% | |
| ADBE Adobe Inc. | 7 | +12.0% | |
| AKAM Akamai Technologies | 6 | +5.8% | |
| CPAY Corpay | 8 | +25.4% | |
| CRWD CrowdStrike | 9 | +23.3% | |
| CRWV CoreWeave, Inc. Class A Common Stock | 8 | +111.7% | |
| FFIV F5, Inc. | 8 | +11.0% | |
| FTNT Fortinet | 10 | +20.1% | |
| GDDY GoDaddy | 7 | +6.1% | |
| GEN Gen Digital | 6 | +27.0% | |
| MSFT Microsoft Corporation | 9 | +18.3% | |
| NET Cloudflare, Inc. | 10 | +33.5% | |
| PANW Palo Alto Networks | 6 | +14.9% | |
| PLTR Palantir Technologies | 10 | +84.7% | |
| SNPS Synopsys | 7 | +65.5% | |
| VRSN Verisign | 7 | +6.6% | |
| XYZ Block, Inc. | 8 | +4.9% | |
| ZS Zscaler | 9 | +25.9% |