Oracle reported Q1 FY2026 revenue of 14.93 billion USD (+12% year-on-year), with cloud operations emerging as the primary growth driver: total cloud revenue rose 28% year-on-year to 7.19 billion USD. Non-GAAP earnings per share reached 1.47 USD (+6% year-on-year), while operating margin stood at 42%, underlining the company's efficiency, particularly in the fast-growing cloud segment. Although revenue came in slightly below consensus forecasts, Oracle surprised the market with the scale of its contract backlog: Remaining Performance Obligations (RPO) surged 359% year-on-year to 455 billion USD, with management expecting further growth beyond 500 billion USD in the coming months. The company also raised its full-year guidance for cloud infrastructure, projecting growth of 77% by the end of FY2026 and setting a target of 144 billion USD by FY2030, reinforcing confidence in its long-term growth trajectory.