Oracle Corporation Q3 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Quarter Overview

  • Oracle delivered a strong Q3 FY2026, exceeding expectations across all major financial metrics.
  • For the first time in over 15 years, both organic total revenue and organic non-GAAP EPS grew 20%+ year over year in USD.
  • Oracle continues to close its books faster than any S&P 500 company using Oracle Fusion.

Key Financial and Strategic Highlights

  • TikTok US separation completed in January; Oracle now owns 15% equity and holds a board seat. Financial impacts:
    • No change to revenue from existing vendor services.
    • Equity method accounting begins Q4 (with a two-month reporting lag).
  • $30 billion raised in February—part of an announced plan to raise up to $50 billion in 2026. Instruments:
    • Investment-grade bonds and mandatory convertible preferred stock.
    • The equity portion (ATM program) has not yet been utilized.
  • Remaining FY26 and FY27 guidance shows significant upward momentum, driven by accelerated growth in Oracle’s cloud and AI services.

Cloud Applications (SaaS) Performance

  • Cloud applications revenue grew 11% YoY in constant currency, reaching a $16.1 billion annualized run rate.

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Operator: Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Oracle Corporation Third Quarter Fiscal Year 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star then the number 1 on your telephone keypad. To withdraw your question, press star 1 again. We kindly ask that you please limit yourself to one question. I would now like to turn the conference over to Ken Bond, Head of Investor Relations. Please go ahead. Ken Bond: Thank you, Regina, and good afternoon, everyone. Welcome to Oracle Corporation's third quarter fiscal year 2026 earnings conference call. On the call today are Chairman and Chief Technology Officer, Lawrence Ellison; Chief Executive Officer, Clay Magouyrk; Chief Executive Officer, Mike Cecilia; and Principal Financial Officer, Doug Caring. A copy of the press release and financial tables, which includes supplemental financial details on our most recent quarter, guidance for our future results, a GAAP to non-GAAP reconciliation, and a selected list of customers who purchased Oracle Cloud Services or went live on Oracle Cloud recently will be available from our investor relations website. As a reminder, today's discussion will include forward-looking statements, and we

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