Oracle Corporation (ORCL) Q2 2026 Financial Results Summary
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Oracle Corporation (ORCL) Q2 2026 Financial Results Summary
Release Date: December 10, 2025
Oracle Corporation (NYSE: ORCL) has released its financial results for the second quarter of fiscal year 2026. Here’s a detailed overview of the company’s performance:
- Total Revenue:
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$16.1 billion, reflecting a 14% increase compared to the same quarter a year ago (up 13% in constant currency).
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Remaining Performance Obligations (RPO):
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Increased to $523 billion, which is a remarkable 438% growth year-over-year.
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GAAP Earnings per Share (EPS):
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$2.10, representing a 91% increase compared to the same quarter last year (up 86% in constant currency).
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Non-GAAP EPS:
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$2.26, reflecting a 54% increase year-over-year (up 51% in constant currency).
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Cloud Revenue:
- Achieved $8.0 billion, indicating a 34% increase in USD (up 33% in constant currency).
- Cloud Infrastructure (IaaS) Revenue: $4.1 billion, up 68% in USD and 66% in constant currency.
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Cloud Application (SaaS) Revenue: $3.9 billion, up 11% in both USD and constant currency.
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Fusion Cloud ERP (SaaS) Revenue:
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$1.1 billion, with an 18% increase in USD (up 17% in constant currency).
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NetSuite Cloud ERP (SaaS) Revenue:
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$1.0 billion, reflecting a 13% increase in both USD and constant currency.
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Operating Income:
- GAAP Operating Income: $4.7 billion, a 12% increase year-over-year.
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Non-GAAP Operating Income: $6.7 billion, showing a 10% growth in USD (up 8% in constant currency).
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Net Income:
- GAAP Net Income: $6.1 billion, representing a 95% increase (up 89% in constant currency).
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Non-GAAP Net Income: $6.6 billion, a 57% increase in USD (up 54% in constant currency).
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Operating Cash Flow:
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Over the last twelve months, operating cash flow reached $22.3 billion, up 10% in USD.
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Deferred Revenue:
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$9.9 billion in short-term deferred revenues.
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Dividends:
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The board of directors declared a quarterly cash dividend of $0.50 per share, payable to stockholders of record on January 9, 2026, and the payment date is set for January 23, 2026.
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Sales and Marketing Expenses:
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Slight decrease to $2.1 billion, down 2% year-over-year (down 3% in constant currency).
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Research and Development Expenses:
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Increased to $2.6 billion, a 4% growth year-over-year.
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Restructuring Costs:
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Rose significantly to $406 million, a 387% increase compared to the same quarter a year ago.
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Effective Tax Rate for GAAP:
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3.3%, compared to 7.1% in the same quarter of the previous year.
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Assets Report:
- Total Assets: Increased to $204.98 billion, compared to $168.36 billion as of May 31, 2025.
This quarter showcases notable financial growth for Oracle Corporation, characterized by significant increases in various revenues and earnings metrics, while also announcing a quarterly dividend to shareholders. The company continues to advance in cloud services and technological innovations, enhancing its operational footprint and market positioning.
Here are the extracted tables from the press release, formatted in HTML:
ORACLE CORPORATION Q2 FISCAL 2026 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data)
| Three Months Ended November 30, | % of | % of | % Increase | % Increase (Decrease) | in Constant Currency (1) | ||
|---|---|---|---|---|---|---|---|
| REVENUES | 2025 | Revenues | 2024 | Revenues | in US $ | (Decrease) | |
| Cloud | $7,977 | 50% | $5,937 | 42% | 34% | 33% | |
| Software | $5,877 | 36% | $6,064 | 44% | -3% | -5% | |
| Hardware | $776 | 5% | $728 | 5% | 7% | 5% | |
| Services | $1,428 | 9% | $1,330 | 9% | 7% | 6% | |
| Total revenues | $16,058 | 100% | $14,059 | 100% | 14% | 13% | |
| OPERATING EXPENSES | |||||||
| Cloud and software | $3,990 | 25% | $2,746 | 19% | 45% | 45% | |
| Hardware | $215 | 1% | $172 | 1% | 25% | 23% | |
| Services | $1,169 | 7% | $1,167 | 8% | 0% | -1% | |
| Sales and marketing | $2,149 | 13% | $2,190 | 16% | -2% | -3% | |
| Research and development | $2,561 | 16% | $2,471 | 18% | 4% | 4% | |
| General and administrative | $409 | 3% | $387 | 3% | 6% | 5% | |
| Amortization of intangible assets | $407 | 3% | $591 | 4% | -31% | -31% | |
| Acquisition related and other | $21 | 0% | $31 | 0% | -33% | -35% | |
| Restructuring | $406 | 3% | $84 | 1% | 387% | 378% | |
| Total operating expenses | $11,327 | 71% | $9,839 | 70% | 15% | 14% | |
| OPERATING INCOME | $4,731 | 29% | $4,220 | 30% | 12% | 9% | |
| Interest expense | ($1,057) | -7% | ($866) | -6% | 22% | 22% | |
| Non-operating income, net | $2,668 | 17% | $36 | 0% | * | * | |
| INCOME BEFORE INCOME TAXES | $6,342 | 39% | $3,390 | 24% | 87% | 82% | |
| Provision for income taxes | $207 | 1% | $239 | 2% | -14% | -16% | |
| NET INCOME | $6,135 | 38% | $3,151 | 22% | 95% | 89% | |
| EARNINGS PER SHARE: | |||||||
| Basic | $2.14 | $1.13 | |||||
| Diluted | $2.10 | $1.10 | |||||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||||||
| Basic | 2,864 | 2,790 | |||||
| Diluted | 2,922 | 2,869 |
ORACLE CORPORATION Q2 FISCAL 2026 FINANCIAL RESULTS CONDENSED CONSOLIDATED BALANCE SHEETS ($ in millions)
| November 30, 2025 | May 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and cash equivalents | $19,241 | $10,786 |
| Marketable securities | $525 | $417 |
| Trade receivables, net | $9,440 | $8,558 |
| Prepaid expenses and other current assets | $5,160 | $4,818 |
| Total Current Assets | $34,366 | $24,579 |
| Non-Current Assets: | ||
| Property, plant and equipment, net | $67,875 | $43,522 |
| Intangible assets, net | $3,760 | $4,587 |
| Goodwill | $62,207 | $62,207 |
| Deferred tax assets | $11,531 | $11,877 |
| Other non-current assets | $25,245 | $21,589 |
| Total Non-Current Assets | $170,618 | $143,782 |
| TOTAL ASSETS | $204,984 | $168,361 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Notes payable and other borrowings, current | $8,091 | $7,271 |
| Accounts payable | $10,140 | $5,113 |
| Accrued compensation and related benefits | $1,947 | $2,243 |
| Deferred revenues | $9,940 | $9,387 |
| Other current liabilities | $7,677 | $8,629 |
| Total Current Liabilities | $37,795 | $32,643 |
| Non-Current Liabilities: | ||
| Notes payable and other borrowings, non-current | $99,984 | $85,297 |
| Income taxes payable | $10,885 | $10,269 |
| Operating lease liabilities | $16,311 | $11,536 |
| Other non-current liabilities | $9,552 | $7,647 |
| Total Non-Current Liabilities | $136,732 | $114,749 |
| Stockholders’ Equity | $30,457 | $20,969 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $204,984 | $168,361 |