Oracle's cloud infrastructure revenue for Q4 FY2026 increased by 93% year-over-year to $5.79 billion, with total cloud revenue reaching $9.91 billion, accounting for 52% of quarterly sales. Its remaining performance obligations (backlog) surged by 363% to $638 billion, of which $75 billion is related to customer prepayments or customer-provided GPUs. Oracle projects a revenue target of $90 billion and non-GAAP EPS of $8.05 for FY2027. Supermicro (SMCI) reported non-GAAP EPS of $1.70 for Q4, exceeding market expectations by 77.55%, and its GAAP gross margin increased from 9.5% a year ago to 17.5%. The company added over $60 billion in new orders for the full year and expects FY2027 revenue to be between $65 billion and $72 billion. However, both companies consumed billions of dollars in cash during FY2026, with Supermicro's operating cash flow being negative $6.81 billion, and it still faces an independent review of export-controlled transactions.