Oracle Q4 Preview: EPS $1.97, Cloud Infra Up 90.8%, RPOs +327%
ORCL•Oracle is expected to report Q4 EPS of around $1.97 on revenue near $19.1B, led by a 90.8% year-over-year surge in Cloud Infrastructure to $5.17B and a 327% jump in remaining performance obligations to $589.5B. Its $300B five-year deal with OpenAI underpins AI momentum ahead of earnings.
1. Q4 Earnings Estimates
Oracle’s EPS for the fourth quarter is forecast at $1.97 with revenue projected near $19.1 billion, reflecting approximately 20% year-over-year growth driven by strength in cloud services and AI demand.
2. Cloud Business Growth
Cloud Applications revenue is expected to reach $4.16 billion while Cloud Infrastructure should come in at $5.17 billion, marking a 90.8% increase year-over-year and driving total cloud revenue toward $10 billion.
3. Surge in Performance Obligations
Remaining performance obligations are set to climb to $589.5 billion, up 327% from a year ago, highlighting a substantial backlog of contracted cloud services and long-term revenue visibility.
4. Strategic AI Partnership
A $300 billion, five-year contract with OpenAI positions Oracle’s infrastructure at the center of major generative AI deployments, reinforcing its role in the rapidly expanding AI ecosystem.
