NYSE$ORCL

Oracle Corporation · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

Oracle reported fiscal Q2 2026 total revenues of $16.1B with net income of $6.1B and diluted EPS of $2.10.

Second-quarter total revenues rose to $16.1 billion while net income was $6.1 billion and diluted EPS was $2.10. Cloud and software revenue growth and remaining performance obligations remained central themes as the company scales infrastructure for AI workloads.

  • Q2 total revenues $16.1B.
  • Net income $6.1B; diluted EPS $2.10.
  • Cloud revenue mix and RPO growth highlighted.
  • CapEx and multi-cloud partnerships remain strategic priorities.

Headline financials

Total Revenue

$16.1B

Previous: $14.1B+14.2%
EPS (adj)

$2.10

Previous: $1.10+90.9%
Remaining Performance Oblig.

$523B

Previous: $97.2B+438.1%
Short-term Deferred Revenue

$9.94B

No prior period
Operating Margin

29.0%

No prior period
Non-GAAP Operating Margin

42.0%

No prior period
Quarterly Dividend

$0.50

No prior period
Capital Expenditures

-$20.5B

Previous: -$6.27B-227.4%
Free Cash Flow

-$14.4B

Previous: -$3.12B-361.2%
Net Income

$6.14B

Previous: $3.15B+94.7%
Operating Income

$4.73B

Previous: $4.22B+12.1%
Cash & Equivalents

$19.2B

Previous: $10.9B+75.9%
Total Assets

$205B

Previous: $148B+38.1%

Revenue & EPS history

Oracle · Revenue · Quarterly

$16.1B

Q2 2026+14.2%vs Q2 2025
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Oracle · $2.12B total across 2 segments · Q2 2024

  • Services
    $1.37B-1.7%
  • Hardware
    $756M-11.1%

Forward guidance

The release discusses Oracle's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Oracle cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.
  • Cloud and subscription revenue growth support recurring revenue visibility.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • SBC, capEx, and competitive pricing can pressure GAAP profitability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-0.1%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.4%

Avg return

30 days after

44%

32 / 73 earnings

Positive

+15.4%

Q2 2022

Best reaction

-13.2%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.4%-0.4%
Q3 2026-0.0%+4.4%-7.6%
Q2 2026-4.2%-15.4%-11.0%
Q1 2026+10.9%+25.1%+21.3%
Q4 2025+2.7%+3.7%+5.7%
Q3 2025-3.1%+0.3%-10.4%
Q2 2025-7.3%-9.5%-14.9%
Q1 2025+9.9%+14.3%+25.7%
Q4 2024+12.8%+10.9%+14.7%
Q3 2024+13.4%+11.7%+8.3%
Q2 2024-11.3%-9.1%-8.5%
Q1 2024-13.2%-9.8%-13.2%
Q4 2023+6.2%+14.2%+5.6%
Q3 2023-5.0%-4.4%+8.4%
Q2 2023+0.9%-0.4%+10.9%
Q1 2023+0.2%-9.3%-16.0%
Q4 2022+5.3%-1.6%+7.9%
Q3 2022+2.3%+5.9%+6.4%
Q2 2022+15.4%+12.3%-1.6%
Q1 2022-3.7%-3.7%+7.5%
Q4 2021-6.7%-7.7%+4.4%
Q3 2021-7.2%-6.8%+4.0%
Q2 2021+1.5%+3.6%+6.1%
Q1 2021+0.1%+7.0%+7.4%
Q4 2020-3.2%+2.2%+4.8%
Q3 2020+7.2%+4.8%+18.9%
Q2 2020-3.2%-6.2%-3.3%
Q1 2020-2.8%-4.2%+2.6%
Q4 2019+7.7%+7.3%+8.8%
Q3 2019-0.2%+1.8%+2.7%
Q2 2019-1.6%-5.6%+3.1%
Q1 2019-0.4%+3.8%-2.8%
Q4 2018-8.0%-5.2%+4.1%
Q3 2018-10.0%-14.3%-9.9%
Q2 2018-3.5%-4.5%-1.1%
Q1 2018-7.7%-9.0%-7.9%
Q4 2017+9.7%+11.0%+10.8%
Q3 2017+6.9%+5.7%+2.8%
Q2 2017-4.4%-4.6%-4.0%
Q1 2017-3.3%-2.9%-4.6%
Q4 2016+3.2%+4.0%+8.7%
Q3 2016+3.9%
Q2 2016-3.3%
Q1 2016-3.3%
Q4 2015-4.3%
Q3 2015+1.7%
Q2 2015+11.6%
Q1 2015-3.3%
Q4 2014-4.6%
Q3 2014+0.9%
Q2 2014+8.8%
Q1 2014+1.9%
Q4 2013-11.6%
Q3 2013-9.5%
Q2 2013+5.5%
Q1 2013-0.9%
Q4 2012+0.9%
Q3 2012-1.2%
Q2 2012-10.0%
Q1 2012+1.8%
Q4 2011+2.7%
Q3 2011+1.5%
Q2 2011-0.1%
Q1 2011-1.3%
Q4 2010+1.7%
Q4 2008+1.7%
Q3 2010-0.6%
Q3 2009-0.6%
Q2 2010+1.2%
Q2 2009-1.0%
Q1 2010-1.0%
Q1 2009-1.0%
Q4 2009-1.0%

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