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Oracle Q3 FY2026: AI Coding Tools Used to Dodge SaaSpocalypse — Revenue +22%, AI Infrastructure +84%, New CX Apps Built with Smaller Teams
Oracle Q3 FY2026 results (March 11): $17.2B revenue (+22% YoY), cloud +44% to $8.9B, AI infrastructure skyrocketed +84% to $4.9B. Co-CEO Sicilia explicitly stated AI coding tools allow smaller engineering teams to build more SaaS products — Oracle already shipped three new CX applications using AI coding. Ellison declared 'SaaSpocalypse will be a problem for other companies, but not his' because Oracle is using AI to build brand-new SaaS while embedding agents into existing suites. $553B in remaining performance obligations signals AI infrastructure demand, not SaaS decline.
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