"The most recent leg up came on May 4, when Oracle secured a classified AI deal with the U.S. Department of Defense, sending shares up roughly 6%. That followed a $1.65 billion six-year supply agreement with Australian modular data center maker Datapod and a 1.4 GW data center facility partnership with DTE Energy in Michigan."
"Remaining Performance Obligations finished Q3 at $553 billion, up 325% year over year. That is contracted revenue already on the books. It underwrites Oracle's Q4 FY2026 guidance of 19% to 21% total revenue growth and 46% to 50% cloud revenue growth, with non-GAAP EPS of $1.96 to $2.00."
"Oracle is monetizing AI capacity differently than its hyperscaler peers. CEO Clay Magouyrk noted on the call that the company has signed more than $29 billion of contracts."
Oracle's stock has surged 24% recently, recovering from a low of $138.09. The company secured a classified AI deal with the U.S. Department of Defense and established significant partnerships, contributing to a robust earnings report. Q3 FY2026 showed revenue of $17.19 billion and a notable increase in cloud infrastructure revenue. Remaining Performance Obligations reached $553 billion, supporting optimistic revenue growth projections. Oracle's unique approach to monetizing AI sets it apart from competitors, with substantial contracts signed.
Read at 24/7 Wall St.
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