Oracle Corp. (NYSE:ORCL) reported upbeat financial results for the third quarter of fiscal 2026 on Tuesday after the market closed.
Oracle posted third-quarter revenue of $17.19 billion, beating analyst estimates of $16.91 billion, according to Benzinga Pro. Adjusted earnings grew 21% year-over-year to $1.79 per share, beating analyst estimates of $1.71 per share.
Oracle expects fourth-quarter revenue to grow 18% to 20% on a year-over-year basis, roughly in line with estimates. Total cloud revenue is expected to be up between 44% and 48%. Adjusted earnings per share are expected to be between $1.96 and $2.00 in the fourth quarter, versus estimates of $1.95.
The company continues to expect fiscal 2026 revenue of $67 billion. Oracle also guided for fiscal 2027 revenue of $90 billion versus estimates of $86.63 billion.
“The demand for cloud computing …