AI orders are strong! Tech giants' earnings are soaring!

Press Release (Reporter Ding Rong) — On March 10th, U.S. tech giant Oracle announced its Q3 FY2026 earnings and raised its revenue forecast for FY2027.

Data shows that for the third quarter ending February 28th, Oracle’s cloud infrastructure revenue, which is highly watched, increased by 84% year-over-year to $4.9 billion, surpassing analysts’ previous estimate of 79% and also exceeding the 68% growth in the previous quarter.

In recent years, Oracle has accelerated its transition into the AI (artificial intelligence) infrastructure sector. In addition to its traditional database software business, the company is building data centers to provide computing power and cloud services to customers.

Data indicates that the company’s remaining performance obligations (RPO) reached $553 billion, up from $523 billion in the previous quarter. Oracle stated that this growth mainly comes from large AI contracts, where customers often provide upfront funding for key equipment such as semiconductors.

Looking ahead, Oracle expects total revenue for FY2027 to reach $90 billion, higher than the market average forecast of $86.7 billion. The company stated that the growth rate of cloud computing demand for AI training and inference still exceeds market supply. Oracle also noted that some of its largest AI cloud computing clients have recently improved their financial conditions, giving the company confidence not only to achieve its FY2027 growth targets but also to potentially exceed current revenue expectations in the coming years.