Overview: Oracle’s QQ2 2026 results show strong top-line momentum with reported revenue of USD 16.057 billion, representing a year-over-year increase of 20.7% and a quarter-over-quarter uptick of 7.6%. The quarter delivered solid profitability metrics with operating income of USD 4.731 billion and net income of USD 6.135 billion, translating to an EPS of USD 2.15 (diluted USD 2.10) and a net margin of approximately 38.2%. The earnings backdrop suggests a continued stride in Oracle’s cloud-centric strategy, particularly in Fusion Cloud ERP, NetSuite, and related cloud infrastructure offerings.
Important data caveat: the reported gross profit figure (USD 20.115 billion) appears materially higher than revenue (USD 16.057 billion) in QQ2 2026, which indicates a potential data inconsistency or mislabeling in the provided dataset. The analysis below notes this anomaly and relies on the accompanying operating and net income figures, margins, and the disclosed EBITDA/EBITDA ratio for qualitative context. Investors should verify the gross margin line items in the official 10-Q/8-K filing for QQ2 2026 to confirm underlying accounting treatment.
Strategic takeaway: Absent a clear forward-looking guidance in the supplied data, the quarter reinforces Oracle’s ongoing transition to a cloud-first model with meaningful profitability on a large scale. The drag from non-operating items (notably a substantial other expense line) and the opacity around gross margin invite close scrutiny of quarterly cash flow, non-operating costs, and long-term free cash flow generation as catalysts for investment decisions.