Oracle has reported its fourth-quarter results for fiscal year 2026, and the numbers mark another strong period for the Austin-based enterprise technology giant. Total revenue, cloud growth, and earnings per share all hit record highs in the quarter, with the company’s cloud infrastructure division growing at a pace that few in the industry are currently matching.
Total revenue for the fourth quarter came in at USD 19.2 billion, a 21 per cent jump year-on-year. For the full fiscal year 2026, Oracle crossed USD 67.4 billion in total revenue, up 17 per cent milestone that puts the company firmly among the largest enterprise software businesses in the world.
The headline, though, belongs to cloud. Combined cloud revenues for Q4 covering both infrastructure and applications hit USD 9.9 billion, up 47 per cent from the same period last year. Cloud infrastructure, the IaaS segment, was the real engine: it grew 93 per cent in Q4 to reach USD 5.8 billion. For the full year, cloud infrastructure brought in USD 18.1 billion, up 77 per cent. Cloud applications added USD 4.1 billion in Q4, up by 10 per cent, contributing to a full-year SaaS tally of USD 15.9 billion.
On the softer side, software revenues dipped 2 per cent to USD 6.8 billion in Q4, reflecting a continuing shift among customers away from on-premise software toward cloud-based deployments a trend Oracle has long anticipated and is actively facilitating.
Earnings and profitability
On the bottom line, Oracle delivered Q4 GAAP earnings per share of USD 1.45, up 21 per cent. Non-GAAP EPS came in at USD 2.11, up 24 per cent. For the full fiscal year, GAAP EPS stood at USD 5.83, a 34 per cent increase, while non-GAAP EPS reached USD 7.63, up 27 per cent. Non-GAAP operating income for Q4 rose 22 per cent to a record USD 8.6 billion, reflecting both the revenue momentum and deliberate cost discipline the company has maintained through the year.
Backlog that tells bigger story
During Q4, the company also signed USD 67 billion worth of new AI infrastructure contracts, suggesting the pipeline shows no signs of slowing.
Scaling cloud and AI infrastructure at this pace requires serious capital. Oracle raised USD 48 billion through debt and equity during FY2026 and has indicated it plans to raise roughly USD 40 billion more in FY2027 to keep pace with demand. The investment is being treated as an offensive move securing data centre capacity, GPU clusters, and the networking infrastructure needed to serve an expanding base of AI-focused customers.
Oracle’s guidance for FY2027 is ambitious. The company has reaffirmed a revenue target of USD 90 billion and raised its non-GAAP EPS guidance to USD 8.05 for the year. For the first quarter of FY2027, non-GAAP EPS is expected to land between USD 1.72 and USD 1.76.
The company also declared a quarterly dividend of $0.50 per share, payable July 24, 2026.
The USD 90 billion target for FY2027 will be the real test of whether this momentum holds. But on the strength of this quarter’s results, Oracle has given investors little reason to doubt it.
