Oracle's remaining performance obligations — cloud work it has signed but not yet delivered — stood, when its financial year closed on 31 May 2026, at $638 billion of contracted revenue, up 363%
Oracle reported that its remaining performance obligations, representing contracted revenue for cloud work not yet delivered, reached $638 billion when its financial year concluded on May 31, 2026. This figure marks a 363% increase year-over-year and an $85 billion sequential rise from the end of the third quarter. The company noted that most of this increase came from large-scale AI contracts, where customers either prepaid for or supplied GPUs.
Verified 2026-08-08
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Signed contracts not yet delivered give a view of future revenue, and Oracle's have grown sharply on AI.
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