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Oracle Q3 Revenue Soars 22%, Cloud Business Hits $8.9B

3/13/2026

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Summary

Story summary

Oracle Corporation reported strong Q3 revenue of $17.2 billion, up 22% year over year.
Oracle's cloud business grew 44% to generate $8.9 billion.
Analysts raised Oracle's revenue guidance for the next fiscal year to $90 billion.
Despite concerns about debt and reliance on AI, Oracle holds a backlog of $553 billion in future AI contract revenue.
The stock's recent performance suggests it may be undervalued relative to AI peers.

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Story summary

Oracle Corporation reported strong Q3 revenue of $17.2 billion, up 22% year over year.
Oracle's cloud business grew 44% to generate $8.9 billion.
Analysts raised Oracle's revenue guidance for the next fiscal year to $90 billion.
Despite concerns about debt and reliance on AI, Oracle holds a backlog of $553 billion in future AI contract revenue.
The stock's recent performance suggests it may be undervalued relative to AI peers.