Total revenue: $16.1B, up 13% constant currency (9% in Q2 last year) (CFO). Cloud revenue ($8B) now 50% of total revenue, up 33% (24% last year) (CFO).
Cloud infrastructure (OCI) revenue: $4.1B, up 66%; GPU-related revenue up 177% (CFO).
Cloud database services revenue: up 30%; Autonomous Database up 43%; multi-cloud database consumption up 817% (CFO).
Remaining Performance Obligations (RPO): $523.3B, up 433% YoY, +$68B since August (CFO). RPO expected to be recognized in next 12 months grew 40% YoY (25% last quarter, 21% last year) (CFO).
Operating income: $6.7B, up 8% (CFO). Non-GAAP EPS $2.26 (+51% YoY); GAAP EPS $2.10 (+86% YoY). Includes $2.7B pretax gain from sale of Ampere interest (CFO).
OCI regions: 147 live customer-facing regions, 64 more planned (CEO). 400 megawatts of data center capacity handed over last quarter; 50% more GPU capacity delivered than Q1 (CEO).
Multi-cloud regions: 45 live across AWS, Azure, GCP; 27 more planned (CEO). 11 multi-cloud regions launched this quarter (CEO).
Dedicated regions: 39 live, 25 more planned (CEO). Dedicated region and Alloy consumption grew 69% YoY (CEO).
Cloud applications go-lives: 330 in the quarter; cloud app deferred revenue up 14% (higher than 11% revenue growth) (CEO).
Official Guidance (Q3 FY 2026)
Total cloud revenue growth: 37%–41% constant currency; 40%–44% in USD (CFO).
Total revenue growth: 16%–18% constant currency; 19%–21% in USD (CFO).
Full-year FY 2026 revenue: $67B unchanged (CFO). FY 2027: expects $4B of additional revenue from Q2 backlog (CFO).
Mgmt Quotes
“Total cloud revenue was up 33% at $8 billion, representing a significant acceleration from the 24% growth rate reported last year.” (CFO)
“RPO ended the quarter at $523.3 billion, up 433% from last year and up $68 billion since August.” (CFO)
“AI models reasoning on private data will be an even larger and more valuable business.” (Larry Ellison)
“Total revenue growth of 13% in constant dollars… three consecutive quarters now where total revenue growth has been in double digits.” (CEO)
“We’re seeing more and more deals where our industry apps are pulling Fusion or the Fusion apps are pulling the industry apps… larger deals with more components.” (CEO)