$Oracle(ORCL)$ Oracle closed Q

$Oracle(ORCL)$ Oracle closed Q4 FY2026 with $638 billion in RPO, up 363% year over year. That is contracted, committed revenue. Four customers each signed for more than $8 billion in Q4 alone, and Oracle inked $67 billion in AI infrastructure contracts in the quarter. Of that pipeline, $75 billion is structured as bring-your-own-hardware or customer-prepaid, which shifts capital risk off Oracle's balance sheet while preserving margin.

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