JPMorgan: Oracle's backlog increases by 26 billion, funding path remains questionable
Source：
www.techflowpost.com
According to Trend Research, a JPMorgan Chase research report dated September 11, 2026 stated that Oracle's remaining performance obligations (RPO) for Fiscal Q1 2027 reached $664 billion, up 46% year-over-year and $26 billion quarter-over-quarter. Cloud infrastructure (IaaS) revenue was $7.4 billion, up 121% year-over-year. Total revenue of $19.35 billion increased 30% year-over-year, exceeding market consensus. Earnings per share stood at $1.92, above the market consensus estimate of $1.75. JPMorgan reaffirmed its Overweight rating with a price target of $200.
