Earnings Call
Jun 10, 2026
Q2 FY2026
EPS Estimate
1.96
EPS Actual
2.26
Post-Earnings Close
$184.10
Earnings Reaction
-8.5%
Oracle's fiscal Q2 2026 results came in slightly below the revenue consensus but delivered a substantial EPS beat, with non-GAAP EPS of $2.26 against an estimate of $1.96, a 15% beat, driven in part by a $2.7 billion pretax gain from the sale of Oracle's interest in Ampere. Total revenue of $16.1 billion grew 13% in constant currency, just shy of the $19.1 billion estimate, though the comparison is complicated by the fact that the pre-earnings brief appears to have conflated Q3 FY2026 actuals with Q2 guidance figures. The headline that will dominate investor attention is the extraordinary RPO figure: $523.3 billion, up 433% year over year and up $68 billion sequentially, driven by contracts with Meta, NVIDIA, and others. RPO expected to be recognized in the next twelve months grew 40% year over year, accelerating sharply from 25% last quarter, signaling that backlog conversion is meaningfully picking up pace.
Report generated on Jun 9, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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