Despite strong growth for the company’s cloud infrastructure business, Oracle (ORCL +5.79%) shareholders haven’t had cause to celebrate the stock’s performance in 2026. Its share price is down roughly 28% year to date — and it’s off 57% from its lifetime high.

While the stock hasn’t been performing well lately, there are solid reasons to be excited about the business’s future. For starters, the tech giant closed out its last reported quarter with a remaining performance obligation (RPO) of $664 billion. Here’s why that’s a number investors should pay attention to.

Image source: Getty Images.

Oracle’s massive RPO points to huge opportunities

Remaining performance obligation is a metric that tracks the value of services and products…