Oracle (ORCL) Reports $664 Billion Backlog-to-Revenue Ratio in 2026

Oracle's (ORCL) share price is down about 28% year-to-date and 57% from its lifetime high. However, the company reported a remaining performance obligation (RPO) of $664 billion, which suggests strong demand for its cloud infrastructure services. Over the past twelve months, Oracle's sales reached approximately $71.8 billion, indicating its backlog is 9.2 times recent sales. With guidance pointing to an expected revenue growth of around 34% this year and earnings growth of about 19%, investors may see significant returns if Oracle successfully capitalizes on its AI initiatives.

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