Oracle (ORCL) dropped 29% since June 1, but $638 billion in signed remaining performance obligations frames the selloff as a delivery-schedule mispricing. Cloud Infrastructure revenue accelerated to 93% growth in Q4 while Multicloud AI Database surged 404%, with FY2027 revenue guided to $90 billion. Negative $24 billion in FCF against $56 billion in capex looks alarming, but an oversubscribed $30 billion bond raise and customer prepayments counter the risk. Remaining performance obligations closed Q4 FY2026 at $638 billion, up 363% year over year, with $75 billion tied to prepaid or customer-supplied GPU arrangements. Co-CEO Clay Magouyrk stated Oracle has over 211 live and planned regions worldwide. Cloud Infrastructure revenue grew 84% in Q3 and accelerated to 93% in Q4, hitting $5.787 billion. Operating cash flow for the full year reached $31.977 billion, up 53%, and net income climbed to $17.087 billion, up 37%. Operating margin sits at 36.3%, return on equity at 53.4%. Revenue is guided to $90 billion with non-GAAP EPS of $8.05. Free cash flow ran to negative $23.686 billion for FY2026 against $55.663 billion in capital expenditures. Total liabilities stand at $218.7 billion, and Oracle plans to raise roughly $