Oracle reports $638 billion in remaining performance obligations, up 363% YoY, driven by cloud infrastructure growth.
Oracle closed fiscal 2026 with a record $19.2 billion in quarterly revenue, up 21% YoY, fueled by a 93% surge in cloud infrastructure sales. The company’s remaining performance obligations (RPO) reached $638 billion, a 363% annual increase, signaling strong future demand.
The RPO figure, representing contracted but unrecognized revenue, implies $294 billion in cumulative revenue over the next three years. Oracle’s fiscal 2026 sales totaled $67.36 billion, highlighting the scale of its backlog growth. About 12% of RPO converts to revenue within 12 months, with another 34% in the following two years.
Leadership emphasized unprecedented revenue visibility, with CFO Hilary Maxson noting the backlog’s potential to sustain long-term growth. The company’s capital expenditure plans align with its cloud expansion strategy.