Oracle AI Cloud Contracts Hit Record $664 Billion in Performance Obligations

Key Facts

1Oracle recorded a record Remaining Performance Obligation (RPO) of $664 billion.

2New AI cloud contracts exceeding $30 billion have boosted multi-year revenue visibility.

Oracle recorded a record Remaining Performance Obligation (RPO) of $664 billion. Zacks Investment Research reported that new AI-related cloud contracts exceeding $30 billion have significantly boosted the company's multi-year revenue visibility.

The surge is driven by high demand for AI infrastructure and cloud services despite substantial capital expenditure. ORCL closed at $132.6 on September 28, 2026, having traded between a session low of $131.58 and a high of $135.69.