Oracle's Q3 FY2026 (March 17, 2026)

Last quarter: Oracle's Q2 FY2026 (December 15, 2025) ・Q3 execution proceeded without issues, landing at the high end of prior guidance; profitability exceeded expectations. ・IaaS revenue grew +81% year-on-year (cc). ・The company stated it will deliver 400 MW of data center capacity this quarter, with 90% delivered on schedule or ahead of schedule—matching the 400 MW delivered in Q2. The time from rack delivery to revenue realization has shortened by 60% over the past few months. ・The company added that it has secured non-binding indications of intent for over 10 gigawatts of capacity to be delivered over the next three years. ・Yet a key question remains: How will Oracle finance this 10 GW expansion? Based on rough CapEx estimates from the most recent two quarters—approximately $32.5 million per MW—the total capital requirement for 10 GW would reach $325 billion… Holy hell—this venerable tech giant is literally walking a tightrope while launching a second act.

638 billion USD in orders—what truly matters is the cost of fulfillment

This article provides an in-depth industrial and macroeconomic analysis. All data are drawn from publicly available sources (official disclosures, authoritative media, institutional research reports) and are intended solely for industrial mechanism analysis—not as investment advice. This article focuses on cloud services and capital expenditure structure. All data come from publicly available sources (company financial reports, official earnings call transcripts, and rating agency announcements), and are presented strictly for analytical purposes—not as investment advice. I. One Date, One Year Apart In September 2025, when Oracle announced its prior-quarter results, its Remaining Performance Obligations (RPO) stood at $455 billion—a staggering 359% year-on-year increase. Concurrently, the company significantly raised its revenue outlook for Oracle Cloud Infrastructure (OCI), triggering a strong market reaction: Reuters reported Oracle’s stock surged roughly 35% in a single day—the largest one-day gain since 1992. (Source: Oracle Investor Relations) One year later, on September 10, 2026, Oracle will release its FY2027 Q1 earnings after U.S. market close—and the company has already confirmed this timing. (Source: Oracle Investor Relations) At the close of the prior fiscal year (FY2026), Oracle’s RPO had reached $638 billion. In just one year, order volume continued expanding. But this time, the critical question is no longer why the stock rose or fell—it is: How much capital must Oracle invest to fulfill this $638 billion in orders? These two questions may appear similar—but they are fundamentally different. Because RPO is not cash. It represents signed contracts for future revenue recognition—but turning those contracts into actual cash flow requires building out infrastructure: data centers, GPUs, networking, power systems, and more. Thus, the same large order carries markedly different economic implications for a light-asset software company versus a heavy-asset cloud infrastructure provider. II. First, confirm one thing: the orders have not vanished. As of May 31, 2026—the end of FY2026—Oracle’s RPO totaled $638 billion, up 363% year-on-year and $85 billion higher than the $553 billion recorded at the end of Q3 FY2026. (Source: Oracle Investor Relations) Compared to the $455 billion disclosed in late August 2025, this reflects roughly a 40% increase over one year. Oracle’s full-year FY2026 revenue reached $67.4 billion, up 17% year-on-year; Cloud Infrastructure (IaaS) revenue hit $18.1 billion, up 77% year-on-year. (Source: Oracle Investor Relations) So, from an operational standpoint, “the orders have disappeared” is simply not a valid explanation. On the contrary, AI-driven cloud infrastructure remains one of the company’s fastest-growing businesses. More notably, Oracle stated that the majority of RPO growth in Q3 and Q4 FY2026 stemmed from large-scale AI contracts—many of which involve either customer prepayments for GPU purchases or direct customer-provided GPU hardware. Cumulatively, such prepayments and customer-supplied hardware now amount to $75 billion.

Kronos Worldwide sets Q3FY26 earnings release for Nov 5

Oct 14, 2026

Kronos Worldwide Inc. announced it will release its Q3 FY26 earnings after market close on November 5, 2026. The Dallas-based firm is a major international producer of titanium dioxide products.

scanx.trade

2026-04-14

Kronos Worldwide, Inc. Announces Expected First Quarter 2026 Earnings Release Date

2026-04-15

Kronos sets May 6 release for first-quarter results after close

2026-05-04

Kronos Worldwide Reports Q4 2025 Net Loss of $82.8 Million

2026-05-04

Kronos Worldwide Inc Expected to Post Loss of 22 Cents a Share - Earnings Preview

2026-05-06

Kronos Worldwide, Inc. Reports First Quarter 2026 Results