| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 14.9K | 12.2% |
| Total Income | 14.9K | 12.2% |
| Expenditure | 10.6K | 14.3% |
| PBT | — | |
| Net Profit | 2.9K | 0.1% |
| OPM | 28.66% | 1.34pp |
| NPM | 19.61% | 2.40pp |
| EPS | 1.04 | 1.9% |
Oracle Reports Q1 FY26: RPO Up 359% to $455 Billion
04 May 2026 · 4 May, 9:07 am
Summary
Oracle Corporation announced its fiscal year 2026 first quarter results, highlighting a significant increase in Remaining Performance Obligations (RPO), which surged by 359% to $455 billion. Total quarterly revenues increased by 12% to $14.9 billion, while cloud revenues grew by 28% to $7.2 billion. The company's GAAP earnings per share saw a slight decrease, while non-GAAP earnings per share increased. Management anticipates continued growth in cloud infrastructure revenue, expecting it to reach $18 billion this fiscal year and further increase in subsequent years.
Key Highlights
- 1
Oracle's Q1 Remaining Performance Obligations (RPO) increased by 359% to $455 billion in both USD and constant currency.
- 2
Total Q1 revenue reached $14.9 billion, reflecting a 12% increase in USD and an 11% increase in constant currency.
- 3
Cloud revenue for Q1 was $7.2 billion, up 28% in USD and 27% in constant currency.
- 4
Q1 GAAP earnings per share decreased by 2% to $1.01, while non-GAAP earnings per share increased by 6% to $1.47.
- 5
Cloud Infrastructure (IaaS) revenue in Q1 grew by 55% in USD and 54% in constant currency, reaching $3.3 billion.
- 6
Q1 Cloud Application (SaaS) revenue increased by 11% in USD and 10% in constant currency, totaling $3.8 billion.
- 7
MultiCloud database revenue grew at 1,529% in Q1.
Management Comments
Safra Catz
“We signed four multi-billion-dollar contracts with three different customers in Q1,” said Oracle CEO, Safra Catz. “This resulted in RPO contract backlog increasing 359% to $455 billion. It was an astonishing quarter—and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars. The scale of our recent RPO growth enables us to make a large upward revision to the Cloud Infrastructure portion of Oracle’s overall financial plan which we will be presenting in detail next month at the Financial Analyst Meeting. As a bit of a preview, we expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year—and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years. Most of the revenue in this 5-year forecast is already booked in our reported RPO. Oracle is off to a brilliant start to FY26.”
Larry Ellison
“MultiCloud database revenue from Amazon, Google and Microsoft grew at the incredible rate of 1,529% in Q1,” said Oracle Chairman and CTO, Larry Ellison. “We expect MultiCloud revenue to grow substantially every quarter for several years as we deliver another 37 datacenters to our three Hyperscaler partners, for a total of 71. And next month at Oracle AI World, we will introduce a new Cloud Infrastructure service called the ‘Oracle AI Database’ that enables our customers to use the Large Language Model of their choice—including Google’s Gemini, OpenAI’s ChatGPT, xAI’s Grok, etc.—directly on top of the Oracle Database to easily access and analyze all their existing database data. This revolutionary new cloud service enables the tens of thousands of our database customers to instantly unlock the value in their data by making it easily accessible to the most advanced AI reasoning models. Oracle AI Cloud Infrastructure and the Oracle MultiCloud AI Database will both contribute to dramatically increasing cloud demand and consumption over the next several years. AI Changes Everything.”
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