{
  "id": 4763796,
  "title": "Oracle Has $638 Billion of Contracted Backlog and a $430 Billion Stock",
  "url": "https://urgent.news/2026/09/01/oracle-has-638-billion-of-contracted-backlog-and-a-430-billion-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-01T01:47:01.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/08/31/oracle-has-usd638-billion-of-contracted-backlog-and-a-usd430-billion-stock/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Oracle reported $638 billion in remaining performance obligations as of fiscal 2026, which refers to contracted work signed by its customers but not yet converted to revenue. Meanwhile, the company's market value is approximately $430 billion, with its stock trading near $150 per share, marking a 57% decline from its peak of $345.72. This means Oracle's stock is valued about $200 billion less than the revenue its customers have already committed to pay. Even when factoring in Oracle's roughly $98 billion in net debt, the market price still falls about $110 billion short of the total backlog. When Oracle disclosed the $638 billion figure alongside its fiscal 2026 fourth-quarter results in June, the company's market value was closer to $580 billion. Since then, the stock's decline has only widened the gap between the stock price and the contracted revenue.",
  "summary": "The database giant's contracted future revenue now exceeds the company's entire market value. That gap is a message from investors.",
  "key_points": [
    "Oracle has $638 billion in contracted backlog as of fiscal 2026",
    "Company's market value is $430 billion, stock at $150 per share",
    "Stock price $200 billion less than contracted revenue"
  ],
  "editors_take": "The gap between Oracle's stock market value and its contracted backlog has widened, indicating the market undervalues the company's future revenue potential despite a significant decline in its stock price.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Oracle Has $638 Billion of Contracted Backlog and a $430 Billion Stock",
        "url": "https://urgent.news/2026/09/01/oracle-has-638-billion-of-contracted-backlog-and-a-430-billion-stock-4765439",
        "published": "2026-09-01T02:07:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}