Oracle’s Q4 FY2026 cloud revenue surges on OCI AI infrastructure push vs AWS
Oracle’s Q4 FY2026 OCI results showed cloud infrastructure revenue rising 93% year over year to $5.79 billion, while total remaining performance obligations jumped 363% to $638 billion, including $75 billion tied to prepaid or bring-your-own-hardware GPU deals. AWS reported $42.23 billion revenue, up 37%, and a $496 billion backlog, intensifying AI infrastructure price pressure.