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Oracle (ORCL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Dec 11, 2025
Oracle (ORCL) reported revenue of $16.1B for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +8% from the quarter before. Operating margin was 29.5%, net earnings $6.1B (38.2% of revenue).
Oracle, Q2 FY26: revenue $16.1B (+14% year over year), operating margin 29.5%, net earnings $6.1B, operating cash flow $2.1B. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.1B | +8% | +14% |
| Operating profit | $4.7B | +11% | +12% |
| Net earnings | $6.1B | +110% | +95% |
| Operating cash flow | $2.1B | -75% | +58% |
What changed
Revenue was $16.1B in Q2 FY26, up 14% year over year and up 8% from the previous quarter.
Operating profit was $4.7B, a 29.5% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, below the 30% margin then. Total costs grew 15% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+30%). Net earnings were $6.1B, up 95% year over year. The effective tax rate was 3.3%. Non-operating items added $1.6B, 25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.1B (up 58% year over year), 34% of net earnings. Non-cash charges added back $2.1B of depreciation and amortization and $1.2B of share-based compensation. Working capital and other items used $7.3B. Capital expenditures of $12.0B exceeded it, leaving free cash flow of −$10.0B.
Questions
What was Oracle's revenue in the second quarter fiscal 2026?
Oracle (ORCL) reported revenue of $16.1B for the second quarter fiscal 2026 (Q2 FY26), +14% from a year earlier and +8% from the quarter before.
Was Oracle profitable in the second quarter fiscal 2026?
Operating profit was $4.7B (29.5% of revenue) and net earnings $6.1B.
Source: Oracle 10-Q on SEC EDGAR.