Oracle, together with private equity firm Silver Lake and Abu Dhabi-based Mubadala’s MGX, now owns a 45% stake in TikTok USDS Joint Venture LLC, the newly formed entity that houses TikTok’s U.S. operations. Non-Chinese ownership of the venture totals 80%, with the remaining 20% held by ByteDance. The joint venture, established under the Executive Order signed in September 2025, is governed by national security safeguards encompassing data protection, algorithm security, content moderation and software assurances. Oracle’s investment in the JV follows a multi-year pursuit of U.S. regulatory approval and positions the company as a key infrastructure partner for a platform with over 150 million American users.

In its second quarter of fiscal 2026, Oracle reported remaining performance obligations (RPO) of $523 billion, representing a year-over-year increase of 438% and an incremental $68 billion in contracted future revenue. The surge is driven by large commitments from cloud customers including Meta Platforms and Nvidia, underpinning 34% year-over-year growth in Oracle Cloud Infrastructure revenue. With $16 billion recognized in quarterly revenues and a multi-year pipeline secured, Oracle’s backlog offers visibility into future cash flows while underscoring the company’s role as a critical AI infrastructure provider.

Oracle is advancing its Primavera Cloud platform through the FedRAMP Moderate authorization process, targeting U.S. federal agencies and regulated market segments. Achieving FedRAMP Moderate status could unlock contracts worth hundreds of millions annually across project and portfolio management, defense, healthcare and civilian agencies. The move complements Oracle’s existing FedRAMP High-authorized offerings and strengthens its competitive positioning against other cloud service providers in the federal sector, where long-term contracts often span five to ten years and carry stringent compliance requirements.