Oracle reported Q3 revenue of $17.2 billion, up 22%, driven by cloud revenue rising 44% to $8.9 billion. OCI jumped 84% to $4.9 billion while multicloud database revenue surged 531%, underscoring the strength of AI and data services in the company’s core offerings.

RPO reached $553 billion, with much of the increase tied to AI-centric agreements where customers either fund hardware upfront or bring their own equipment. Oracle noted it signed over $29 billion in bring-your-own-hardware and prepaid contracts, reducing its capital burden on AI infrastructure.

The stock rallied about 10% on the earnings release as analysts upgraded their ratings and praised the quarter’s resilience. Observers highlighted the relief of balancing AI investments with customer-funded hardware and noted an improved risk-reward profile after December’s cautious guidance.

Oracle maintained fiscal 2026 capex guidance at $50 billion and raised its fiscal 2027 revenue target to $90 billion, signaling confidence in sustained growth. Co-CEOs emphasized data gravity’s role and embedding AI agents in mission-critical systems to drive longer-term monetization.