Oracle Earnings Today: Q2 2026 Results Put AI Cloud Boom — and Debt Fears — Under the Microscope
Oracle reported Q2 revenue of $16.1 billion, up 14%, and non-GAAP EPS of $2.26, up 54%, boosted by a $2.7 billion gain from selling its Ampere stake. Cloud revenue jumped 34% to $8.0 billion. Shares fell over 5% after hours to $210.85 as investors questioned cash burn, debt, and reliance on OpenAI despite headline beats. Remaining performance obligations surged to $523 billion, up 438% year over year.