A broad global technology selloff on 23 June 2026 affected major technology names, with US equity futures declining sharply during the European session [Brief - 2026-06-23]. The subsequent week was dominated by a collapse of a US-Iran ceasefire framework and military strikes concentrated around the Strait of Hormuz, contributing to continued global market turbulence through 28 June 2026 [Brief - 2026-06-28]. Separately, major technology companies including Google, Microsoft, and Amazon were reported to be competing for electrical grid capacity to support large-scale AI data centre expansion, with infrastructure costs per facility ranging from $100 million to $500 million [Brief - 2026-06-26].
For the trailing twelve months ending 28 February 2026, Oracle reported revenue of $67.36 billion, representing year-over-year growth of 21.66%. Net income over the same period was $17.09 billion, producing a net margin of 25.37% and an operating margin of 30.59%. EPS grew 24.51% year-over-year. The company held $31.29 billion in cash against $7.20 billion in total debt. The market capitalisation stood at approximately $403.98 billion, with a price-to-earnings ratio of 24.06 [SEC 10-Q - ORCL - 2026-02-28].
Insider activity over the past 30 days recorded 12 transactions with a net direction of selling, totalling a net disposal value of approximately $63.66 million [SEC Form 4 - ORCL - 2026-07]. Among institutional holders, Millennium Management added 43% to its existing position, and Soros Fund Management opened a new position in ORCL. Citadel reduced its position by 7.5%, and Bridgewater Associates reduced its position by 15% [SEC 13F - Citadel - Q2 2026] [SEC 13F - Millennium - Q2 2026] [SEC 13F - Bridgewater - Q2 2026] [SEC 13F - SorosFundMgmt - Q2 2026].
The 10-year US Treasury yield stood at 4.48% and the 2-year yield at 4.17% as of the report date, producing a normal yield curve spread of 31 basis points [FRED DGS10] [FRED DGS2]. This report was generated in response to material institutional position changes recorded in the most recent 13F filing cycle.