In the context of enterprises accelerating their digital transformation, Oracle has announced its financial performance for the third quarter of fiscal year 2026, showcasing significant revenue and profit growth, primarily driven by the ongoing expansion of cloud services and a surge in demand for artificial intelligence infrastructure.
According to the report released by the company, Oracle achieved total revenue of $17.2 billion this quarter, a year-on-year increase of 22% (18% at constant currency). This performance not only exceeded Wall Street expectations but also led to a nearly 10% rise in its stock price during after-hours trading.
Cloud business has become the strategic core of Oracle. As enterprises' demand for large-scale data processing and AI applications rises, the company is accelerating the expansion of its data centers and enhancing computing power to accommodate an increasing number of AI-related contracts. Particularly in the software development sector, AI-assisted coding tools are reshaping development processes, significantly improving the efficiency of building SaaS applications and reducing development costs.
Oracle's founder, Chief Technology Officer, and Executive Chairman Larry Ellison stated during the earnings call, “Today's AI coding tools can automatically generate complete software systems, including intelligent agent solutions for industries such as healthcare and finance. This is the direction we are fully pursuing, and it makes us believe that Oracle has the potential to become a disruptor in this field.”
Regarding financial outlook, the company expects total revenue growth for the fourth quarter of fiscal year 2026 to be between 19% and 21%, with cloud revenue growth anticipated to reach 46% to 50%. Non-GAAP earnings per share are expected to be between $1.96 and $2.00, a year-on-year increase of 15% to 17%. In the long term, Oracle has raised its revenue target for fiscal year 2027 to $90 billion while maintaining its guidance of $67 billion in revenue and $50 billion in investments for fiscal year 2026. Additionally, the company announced a quarterly dividend of $0.50 per share, scheduled to be paid on April 24, 2026, to shareholders registered as of April 9.
Oracle's continuous breakthroughs in cloud and AI are injecting new momentum into the entire enterprise technology ecosystem, and its technological architecture and service model are also providing new possibilities for the underlying support of blockchain and decentralized applications.