Oracle (ORCL) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.92
- Estimate
- $1.74
- Surprise
- +10.4%
- Revenue (period 2026-08-31)
- $19.34B
- Score at report (before → after)
- 6.2 → 6.4/10
Revenue source: xbrl.
How the report landed
Oracle (ORCL) beat the $1.74 estimate with diluted EPS of $1.92 — a large 10.4% upside surprise. TrendMatrix's engine moved from Hold (6.2/10) to Sell at 6.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ORCL Sell at 6.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +10.4% surprise compares with a +15.4% four-quarter average. Next scheduled report: 2026-12-10.
What supports the rating
- Strong earnings beat streak (4/4)
- Attractive valuation
What argues against it
- Concentration risk — Product: infrastructure cloud services and license support revenue (56.0%)
- Concentration risk — Supplier: single vendor for certain technologies and components
- Sector modifier (Technology): -0.8
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $146.78
- Price target
- $219.88
- Stop
- $133.31
- Upside to target
- +49.8%
- Reward-to-risk
- 4.8:1
The stock trades at 22.0× trailing but 12.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
ORCL at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $424.38B
- P/E (fwd)
- 12.8
- P/E (ttm)
- 22.0
- 52-week range
- $114.50–$329.50
- Off 52-week high
- 55.5%
- RSI (14)
- 45
- Volume vs avg
- 1.18×
- Score today
- 6.7/10