Oracle Corp (ORCL) reported better-than-expected financial results for the second quarter of fiscal 2026. The company achieved earnings per share (EPS) of $2.26, surpassing Wall Street's consensus estimate of $1.67 by $0.59. Revenue for the quarter reached $16.1 billion, though it fell short of the anticipated $16.5 billion.
The announcement highlights Oracle's operational performance amid a competitive technology landscape. The firm, headquartered in Austin, Texas, specializes in products and services that address corporate information technology environments, operating through three key segments: cloud and license, hardware, and services. With a market capitalization of $628.7 billion and a trailing twelve-month P/E ratio of 50.54, Oracle continues to be a significant player in the technology sector.
The company will host its earnings conference call after market close to discuss these results and provide further insights into its business performance. Investors are encouraged to review the full earnings release and management commentary for a comprehensive understanding of the quarter's performance and future outlook.
Looking ahead, Oracle is set to report its next earnings on June 9, 2026, with EPS expectations of $2.05 and revenue estimates of $19.4 billion.