Oracle Corporation (ORCL) Announced Q3 2026 Earnings on March 10, 2026, Reporting "cloud applications revenue was up 11% in the quarter, reaching an annualized run rate of $16.1 billion"

Oracle Corporation reported Q3 2026 results highlighting that both organic total revenue and organic non-GAAP EPS grew at 20% or better in USD. Management noted that cloud applications revenue was up 11% in the quarter, reaching an annualized run rate of $16.1 billion.

Multicloud Database revenue grew 531% year-over-year, and AI infrastructure revenue grew 243% year-over-year.

The company reported a $553 billion RPO and stated that gross margin for AI capacity delivered in Q3 remained above guidance at 32%.

Key business updates included the rapid adoption of AI coding tools, enabling small engineering teams to build three new CX applications.

Oracle has delivered well over 1,000 AI agents inside its horizontal back office and industry applications. In the AI infrastructure segment, the company delivered more than 400 megawatts to customers in Q3. Management also noted they have signed more than $29 billion of contracts using a new business model involving bring your own hardware and upfront customer payments to grow AI infrastructure without negative cash flow.

Oracle achieved global region coverage in its partner clouds, with 33 regions live with Microsoft, 14 live with Google, and 8 live with AWS. The company announced it now holds a 15% equity stake in the independent TikTok U.S. company.

Additionally, Oracle raised $30 billion through investment-grade bonds and mandatory convertible preferred stock.

For forward guidance, management stated they are confidently raising their FY 27 forecast and expect to exit Q4 with 22 AWS regions live.