Technology giant Oracle Corporation (NYSE: ORCL) on Wednesday reported higher revenues and adjusted earnings for the second quarter of 2026. Earnings topped expectations.
Total revenues increased to $16.10 billion in the November quarter from $14.06 billion in the same period a year earlier, missing Wall Street’s estimates. Adjusted earnings, excluding one-off items, were $2.26 per share in the second quarter, compared to $1.47 per share in Q2 2025. The bottom line came in above forecasts.
On a reported basis, the company posted a net income of $6.14 billion or $2.10 per share for Q2, compared to $3.15 billion or $1.10 per share in the year-ago quarter.
“For years, Oracle has been investing in AI and building autonomous cloud software. Oracle’s Autonomous Database and Autonomous Linux have been key to reducing human labor and human error in our datacenters. Because our datacenters are highly automated, we can build and run more of them,” said Oracle’s CEO, Clay Magouyrk.