)
Edge17 Oct 2025
A Castle in the Sky: The Story of Oracle
Oracle's journey from database innovator to disciplined enterprise backbone, now shaping the AI buildout with a standardized cloud infrastructure.
Oracle (ORCL) investor relations material
Oracle Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary10 Dec, 2025
Executive summary
Q2 FY26 total revenue rose 14% year-over-year to $16.1 billion, with cloud revenue up 34% to $8.0 billion and cloud/software now representing 86% of total revenue.
Net income nearly doubled to $6.1 billion, benefiting from a $2.7 billion pre-tax gain on the Ampere sale.
Remaining Performance Obligations (RPO) surged over 433% to $523.3 billion, driven by major contracts with Meta, NVIDIA, and others.
Strategic sales reorganization and unified go-to-market approach are driving larger, multi-pillar deals and accelerating cloud application growth.
Operating margin increased in absolute terms but declined as a percentage of revenue due to higher infrastructure and restructuring expenses.
Financial highlights
Cloud infrastructure revenue surged 66%-68% to $4.1 billion; cloud applications revenue reached $3.9 billion, up 11%.
Operating income was $4.7 billion (GAAP), up 12%; non-GAAP operating income was $6.7 billion, up 10%.
GAAP EPS was $2.10, up 91%; non-GAAP EPS was $2.26, up 54%.
Free cash flow for the trailing four quarters was $9.5 billion; operating cash flow for the trailing twelve months reached $22.3 billion.
Pre-tax gain of $2.7 billion recognized from the sale of interest in Ampere.
Outlook and guidance
FY26 revenue guidance remains at $67 billion; $4 billion of additional revenue expected in FY27 from new RPO.
FY26 CapEx forecast raised by $15 billion to support rapid growth; capital expenditures for the first half of FY26 were $20.5 billion.
Q3 guidance: total cloud revenue to grow 37%-41% in constant currency (40%-44% in USD); total revenue to grow 16%-18% in constant currency (19%-21% in USD); non-GAAP EPS expected between $1.64-$1.68 (constant currency) and $1.70-$1.74 (USD).
Management expects continued growth in cloud and software revenues, driven by customer demand and expansion of data center capacity.
Focus on embedding AI across all software layers and expanding high-performance, cost-efficient, and highly automated datacenters globally.
What drives the significant increase in CapEx?
What is the long-term impact of Multicloud database growth?
How does chip neutrality impact Oracle's cloud differentiation?
Detail AI infrastructure funding options.
Factors impacting OCI AI margin ramp to 30-40%.
Why Oracle's apps growth accelerates vs. peers?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Oracle earnings date
Q3 202610 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
Investing15 Sep 2023
The Biggest Software Companies in The World
In 2011, co-founder and general partner of the venture capital firm Andreessen Horowitz, Marc Andreessen, wrote an essay about software growth that was published in The Wall Street Journal. Marc Andreessen’s headline, “Software is eating the world,” quickly became a phrase often referred to by investors.
)
Visual
earnings real time
Frequently asked questions
One of the largest software companies in the world
Oracle Corporation is a multinational technology company specializing in database software. The company provides solutions for managing and analyzing data, enabling businesses to effectively store, retrieve, and process information pertinent to their operations. Oracle's expertise lies in database management systems, offering robust and reliable software that helps organizations handle vast amounts of data efficiently. Their products make it possible for other businesses to make data-driven decisions, which in turn can help enhance operational efficiency. Some notable customers of Oracle include heavy-hitters such as Walmart and GE.
Steady growth since the 70’s
Oracle Corporation was founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates. Initially, the company focused on developing and selling relational database management systems (RDBMS). Over the years, Oracle has expanded its product portfolio and became one of the leading providers of enterprise software, cloud services, and hardware systems. Oracle's growth can partly be attributed to strategic acquisitions, such as the purchases of Sun Microsystems and Netsuite. The company also places a focus on innovation and progress through strategic investments in new technologies and software.
Today, Oracle is a global company serving a wide range of industries and sectors. Their solutions include database management systems, cloud infrastructure, applications, and various business software. Oracle's customer base spans across enterprises of all sizes, including multinational corporations, government organizations, and small businesses.
An extensive suite of products
Oracle's product portfolio includes database management systems, cloud infrastructure and platform services, enterprise applications, and industry-specific solutions. The company’s flagship product is the Oracle Database, a powerful and scalable relational database management system that enables organizations to store, manage, and analyze vast amounts of data. They also provide cloud services through the Oracle Cloud Infrastructure, offering on-demand computing resources and platform services for businesses to build, deploy, and run their applications.
In addition, Oracle offers a wide range of enterprise applications, such as customer relationship management (CRM), enterprise resource planning (ERP), supply chain management (SCM), and human capital management (HCM) solutions.
Serving businesses of all sizes
Oracle serves a diverse customer base that spans across industries and sectors. Their clients include large enterprises, small and medium-sized businesses, government agencies, educational institutions, and non-profit organizations. Through a wide range of products and solutions, Oracle caters to the needs of customers all over the globe, helping them manage their data, streamline operations, and drive business success.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage