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10-QPeriod: Q2 FY2026

ORACLE CORP Quarterly Report for Q2 Ended Nov 30, 2025

Filed December 11, 2025For Securities:ORCL

Summary

Oracle Corporation reported strong financial performance for the six months ended November 30, 2025, showcasing significant revenue growth driven by its Cloud and Software segment. Total revenues increased by 13% year-over-year to $30.98 billion. The company's net income more than doubled to $9.06 billion from $6.08 billion in the prior year period, reflecting improved operational efficiency and a substantial gain from the sale of investments. The balance sheet shows a robust increase in cash and cash equivalents, bolstered by strong operating cash flows and proceeds from debt issuance. Oracle continues to invest heavily in its cloud infrastructure to meet growing customer demand, evidenced by significant capital expenditures. The company's strategic shift towards cloud services is evident, with Cloud and Software revenues forming 86% of total revenue and showing robust growth. While the Hardware segment saw modest revenue increases, the Services segment also contributed positively. Oracle has also initiated a significant restructuring plan aimed at improving operational efficiencies, with substantial costs already recognized. The company maintains a strong liquidity position and continues to return capital to shareholders through dividends and share repurchases, while also managing its debt obligations effectively.

Financial Statements
Beta
Revenue$16.06B
R&D Expenses$2.56B
Operating Expenses$11.33B
Operating Income$4.73B
Interest Expense$1.06B
Net Income$6.13B
EPS (Basic)$2.14
EPS (Diluted)$2.10
Shares Outstanding (Basic)2.86B
Shares Outstanding (Diluted)2.92B

Key Highlights

  • 1Total revenues for the six months ended November 30, 2025, increased 13% year-over-year to $30.98 billion.
  • 2Net income more than doubled to $9.06 billion for the six-month period, up from $6.08 billion in the prior year.
  • 3Cloud and Software revenue, the company's primary segment, grew 14% year-over-year to $26.76 billion for the six-month period.
  • 4Cloud Infrastructure revenue experienced significant growth, increasing 62% year-over-year to $7.43 billion in the six-month period.
  • 5The company reported a substantial gain of $2.7 billion from the sale of its investment in Ampere Computing Holdings LLC.
  • 6Cash, cash equivalents, and marketable securities significantly increased to $19.766 billion as of November 30, 2025, up from $11.203 billion at May 31, 2025.
  • 7Oracle initiated a new restructuring plan (2026 Restructuring Plan) with estimated costs up to $1.6 billion.

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