Remaining Performance Obligations

Futuristic trading floor with red warning candles and green momentum candles as investors weigh Oracle's AI cloud backlog

Oracle (ORCL) Stock: A $664B AI Backlog and Who Pays for It

Oracle (ORCL) Stock: A $664B AI Backlog and Who Pays for It Oracle stock presents one of the strangest pictures in large-cap technology today. On 10 September 2026 the company reported a record quarter: revenue up 30%, cloud infrastructure revenue up 121%, and a contracted backlog of $664 billion. That backlog is roughly nine times…