By Vandita Jadeja
Publication Date: 2026-05-15 16:32:00
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Oracle (ORCL) reported third-quarter fiscal 2026 revenue of $17.19 billion, with organic revenue and non-GAAP EPS each rising over 20% for the first time in over 15 years, while IaaS revenue rose 84% to $4.89 billion and remaining performance obligations exploded 325% to $553 billion, with management extending revenue guidance for raised fiscal year 2027 to $90 billion.
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Oracle’s record-breaking backlog and accelerating cloud infrastructure economics position the company to convert RPO into reported revenue at current rates as it scales the buildout of its OCI infrastructure over the next four years.
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The analyst who called NVIDIA in 2010 just named his top 10 stocks and Oracle wasn’t one of them. Get it here for FREE.
Our 24/7 Wall St. price target for oracle (NYSE:ORCL) is at $245.34 over the next 12 months, up 25.42% from $195.61. The recommendation is “Buy,” with a 90% confidence level, driven by record backlog and accelerating cloud infrastructure economics. This is one of the most convincing setups in…
