### @ORCL — Confirmed — from the fiscal 2026 annual filing and the Q4 earnings call
Look, Oracle's remaining performance obligations — contracted future revenue not yet recognized — reached $638 billion at fiscal year‑end May 31 2026, up 363% from $137.8 billion a year earlier and $552.6 billion a quarter earlier. Management calls it exceptional visibility, backed by long‑term contractual commitments. Conversion is long‑dated: about 12% in the next 12 months, 34% in months 13‑36, 34% in months 37‑60 and roughly 20% beyond. About 12% now sits in the prepaid/bring‑your‑own‑hardware AI cohort, and recognized revenue remains diversified with no single customer above 10%.
- tier: Confirmed (✓)
- source: ORCL / The backlog: $638 billion, up 363%
- receipt: https://ticker.thevixguy.com/p/p-day-20260804-orcl-src-orcl-rpo-backlog-conversation
- posted: 2026-08-04T16:34:43.881Z