{"id":742135,"date":"2026-03-11T08:09:20","date_gmt":"2026-03-11T00:09:20","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=742135"},"modified":"2026-03-11T08:09:20","modified_gmt":"2026-03-11T00:09:20","slug":"%e7%94%b2%e9%aa%a8%e6%96%87q3%e8%b4%a2%e6%8a%a5%e7%82%b8%e5%9c%ba%ef%bc%9a%e8%90%a5%e6%94%b6172%e4%ba%bf%e8%b6%85%e9%a2%84%e6%9c%9f%ef%bc%8c%e4%ba%91%e6%94%b6%e5%85%a5%e6%9a%b4%e5%a2%9e44%ef%bc%8c","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=742135","title":{"rendered":"\u7532\u9aa8\u6587Q3\u8d22\u62a5\u70b8\u573a\uff1a\u8425\u6536172\u4ebf\u8d85\u9884\u671f\uff0c\u4e91\u6536\u5165\u66b4\u589e44%\uff0c\u5728\u624b\u8ba2\u5355\u9ad8\u8fbe5530\u4ebf"},"content":{"rendered":"<p>\u7532\u9aa8\u6587\uff08NYSE: ORCL\uff09\u4eca\u65e5\u76d8\u540e\u4ea4\u51fa\u4e86\u4e00\u4efd\u4ee4<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8d%8e%e5%b0%94%e8%a1%97\" title=\"View all posts in \u534e\u5c14\u8857\" target=\"_blank\" class=\"tag_link\">\u534e\u5c14\u8857<\/a>\u522e\u76ee\u76f8\u770b\u7684\u6210\u7ee9\u5355\u3002<\/p>\n<p>\u516c\u53f8\u516c\u544a\u79f0\uff0c2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u662f&quot;15\u5e74\u6765\u6700\u5f3a\u5355\u5b63&quot;\u2014\u2014\u6709\u673a\u603b\u8425\u6536\u548cNon-GAAP\u6bcf\u80a1\u76c8\u5229\u53cc\u53cc\u5b9e\u73b020%\u4ee5\u4e0a\u7684\u7f8e\u5143\u589e\u957f\uff0c\u8fd9\u662f\u7532\u9aa8\u6587\u8d85\u8fc7\u5341\u4e94\u5e74\u4ee5\u6765\u9996\u6b21\u505a\u5230\u3002<\/p>\n<p>\u6838\u5fc3\u6570\u636e\u4e00\u89c8<\/p>\n<table>\n<tbody>\n<tr>\n<th>\n<p>\u6307\u6807<\/p>\n<\/th>\n<th>\n<p>Q3 FY2026<\/p>\n<\/th>\n<th>\n<p>\u540c\u6bd4<\/p>\n<\/th>\n<th>\n<p>\u9884\u671f<\/p>\n<\/th>\n<\/tr>\n<\/tbody>\n<tbody>\n<tr>\n<td>\n<p>\u603b\u8425\u6536<\/p>\n<\/td>\n<td>172\u4ebf\u7f8e\u5143<\/td>\n<td>\n<p>+22%<\/p>\n<\/td>\n<td>\n<p>~169\u4ebf\u7f8e\u5143<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>\u4e91\u6536\u5165\uff08IaaS+SaaS\uff09<\/p>\n<\/td>\n<td>89\u4ebf\u7f8e\u5143<\/td>\n<td>\n<p>+44%<\/p>\n<\/td>\n<td>\n<p>\u2014<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>\u4e91\u57fa\u7840\u8bbe\u65bd\uff08OCI\uff09<\/p>\n<\/td>\n<td>\n<p>\u5360\u4e91\u6536\u5165\u4e3b\u4f53<\/p>\n<\/td>\n<td>\n<p>\u9ad8\u901f\u589e\u957f<\/p>\n<\/td>\n<td>\n<p>\u2014<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>Non-GAAP\u6bcf\u80a1\u76c8\u5229<\/p>\n<\/td>\n<td>1.79\u7f8e\u5143<\/td>\n<td>\n<p>+21%<\/p>\n<\/td>\n<td>\n<p>1.69\uff5e1.72\u7f8e\u5143<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>GAAP\u51c0\u5229\u6da6<\/p>\n<\/td>\n<td>37\u4ebf\u7f8e\u5143<\/td>\n<td>\n<p>\u5927\u5e45\u63d0\u5347<\/p>\n<\/td>\n<td>\n<p>\u2014<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>\u5728\u624b\u5408\u540c\uff08RPO\uff09<\/p>\n<\/td>\n<td>5530\u4ebf\u7f8e\u5143<\/td>\n<td>+325%<\/td>\n<td>\n<p>\u2014<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>\u8fc7\u53bb12\u4e2a\u6708\u7ecf\u8425\u73b0\u91d1\u6d41<\/p>\n<\/td>\n<td>235\u4ebf\u7f8e\u5143<\/td>\n<td>\n<p>+13%<\/p>\n<\/td>\n<td>\n<p>\u2014<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u6700\u5927\u4eae\u70b9\uff1a5530\u4ebf\u7f8e\u5143\u7684\u5728\u624b\u8ba2\u5355<\/p>\n<p>\u8fd9\u662f\u672c\u6b21\u8d22\u62a5\u4e2d\u6700\u9707\u64bc\u7684\u6570\u5b57\u3002<\/p>\n<p>\u622a\u81f3Q3\u672b\uff0c\u7532\u9aa8\u6587\u5269\u4f59\u5c65\u7ea6\u4e49\u52a1\uff08RPO\uff0c\u5373\u672a\u4ea4\u4ed8\u7684\u5408\u540c\u603b\u989d\uff09\u8fbe\u52305530\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u5927\u589e325%\uff0c\u8f83\u4e0a\u5b63\u5ea6\u672b\u518d\u589e290\u4ebf\u7f8e\u5143\u3002\u8fd9\u4e00\u6570\u5b57\u5df2\u8fdc\u8d85\u516c\u53f8\u5168\u5e74\u8425\u6536\u6307\u5f15\uff08670\u4ebf\u7f8e\u5143\uff09\u76848\u500d\uff0c\u610f\u5473\u7740\u672a\u6765\u6570\u5e74\u7684\u8425\u6536\u80fd\u89c1\u5ea6\u6781\u9ad8\u3002<\/p>\n<p>RPO\u589e\u957f\u7684\u4e3b\u8981\u9a71\u52a8\u529b\u662f\u5927\u89c4\u6a21AI\u5408\u540c\u2014\u2014\u8fd9\u4e9b\u5408\u540c\u901a\u5e38\u7531\u5ba2\u6237\u9884\u4ed8\u6b3e\u652f\u6301\uff0c\u4f7f\u7532\u9aa8\u6587\u80fd\u591f\u5148\u884c\u91c7\u8d2dGPU\uff0c\u6216\u7531\u5ba2\u6237\u76f4\u63a5\u63d0\u4f9bGPU\u4f9b\u7532\u9aa8\u6587\u4f7f\u7528\uff0c\u56e0\u6b64\u516c\u53f8\u65e0\u9700\u4e3a\u8fd9\u4e9b\u5408\u540c\u989d\u5916<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%9e%8d%e8%b5%84\" title=\"View all posts in \u878d\u8d44\" target=\"_blank\" class=\"tag_link\">\u878d\u8d44<\/a>\u3002<\/p>\n<p>\u4e91\u4e1a\u52a1\uff1aAI\u9700\u6c42\u628a\u98de\u8f6e\u8f6c\u4e86\u8d77\u6765<\/p>\n<p>\u672c\u5b63\u5ea6\u4e91\u6536\u5165\uff08IaaS+SaaS\u5408\u8ba1\uff09\u8fbe89\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f44%\uff08\u6309\u56fa\u5b9a<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%b1%87%e7%8e%87\" title=\"View all posts in \u6c47\u7387\" target=\"_blank\" class=\"tag_link\">\u6c47\u7387<\/a>\u589e\u957f41%\uff09\uff0c\u9996\u6b21\u7a81\u7834\u516c\u53f8\u603b\u8425\u6536\u768450%\uff0c\u5360\u6bd4\u5347\u81f352%\u3002<\/p>\n<p>\u8fd9\u610f\u5473\u7740\u4e00\u4e2a\u5386\u53f2\u6027\u8f6c\u6298\u70b9\uff1a\u7532\u9aa8\u6587\u8fd9\u5bb6\u4ee5\u4f20\u7edf\u6570\u636e\u5e93\u8d77\u5bb6\u7684\u8001\u724c\u79d1\u6280\u516c\u53f8\uff0c\u5df2\u6b63\u5f0f\u5b8c\u6210\u5411\u4e91\u516c\u53f8\u7684\u8eab\u4efd\u5207\u6362\u3002<\/p>\n<p>\u878d\u8d44\u4e0e\u8d44\u672c\u5f00\u652f\uff1aAll-in AI\u57fa\u7840\u8bbe\u65bd<\/p>\n<p>\u7532\u9aa8\u6587\u5728\u672c\u5b63\u5ea6\u901a\u8fc7\u53d1\u884c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u7ea7<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%80%ba%e5%88%b8\" title=\"View all posts in \u503a\u5238\" target=\"_blank\" class=\"tag_link\">\u503a\u5238<\/a>\u548c\u5f3a\u5236\u53ef\u8f6c\u6362\u4f18\u5148\u80a1\uff0c\u5b8c\u6210\u4e86300\u4ebf\u7f8e\u5143\u7684\u878d\u8d44\uff0c\u4e14\u6b64\u6b21\u53d1\u884c\u83b7\u5f97\u4e86\u4e25\u91cd\u8d85\u989d\u8ba4\u8d2d\u3002<\/p>\n<p>\u5728\u8d44\u672c\u5f00\u652f\u65b9\u9762\uff0c\u516c\u53f8\u7ef4\u6301\u5168\u5e74500\u4ebf\u7f8e\u5143\u7684CapEx\u6307\u5f15\u4e0d\u53d8\u2014\u2014\u8fd9\u610f\u5473\u7740\u4ec5\u4eca\u5e74\u4e00\u5e74\uff0c\u7532\u9aa8\u6587\u5c31\u5c06\u628a\u76f8\u5f53\u4e8e\u5176\u5168\u5e74\u8425\u653675%\u7684\u8d44\u91d1\u7838\u5411\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\u3002<\/p>\n<p>\u524d\u77bb\u6307\u5f15\uff1a2027\u8d22\u5e74\u76ee\u6807\u4e0a\u8c03\u81f3900\u4ebf<\/p>\n<p>\u7532\u9aa8\u6587\u7ed9\u51fa\u7684\u672a\u6765\u6307\u5f15\u540c\u6837\u5f3a\u52b2\uff1a<\/p>\n<p>Q4 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5530\u4ebf\u7f8e\u5143\u7684\u5728\u624b\u5408\u540c\u4e0d\u662fPPT\uff0c\u662f\u771f\u91d1\u767d\u94f6\u7b7e\u4e0b\u7684\u5408\u7ea6\u2014\u2014\u5176\u4e2d\u76f8\u5f53\u90e8\u5206\u6765\u81ea\u5ba2\u6237\u9884\u4ed8\u6b3e\uff0c\u8bf4\u660e\u9700\u6c42\u65b9\u613f\u610f\u7528\u73b0\u91d1\u4e3a\u672a\u6765\u7b97\u529b\u9501\u4ed3\u3002<\/p>\n<p>\u7b2c\u4e8c\uff0c\u7532\u9aa8\u6587\u6b63\u5728\u62a2\u8d70AWS\u548cAzure\u7684\u4efd\u989d\u3002 OCI\uff08Oracle\u4e91\u57fa\u7840\u8bbe\u65bd\uff09\u51ed\u501f\u66f4\u4f4e\u7684\u4ef7\u683c\u548c\u5bf9AI\u5de5\u4f5c\u8d1f\u8f7d\u7684\u4f18\u5316\uff0c\u6210\u4e3a\u5927\u6a21\u578b\u516c\u53f8\u548c\u4f01\u4e1a\u7ea7AI\u9879\u76ee\u7684\u4f18\u9009\u5e73\u53f0\uff0c\u8fd9\u662f\u5e02\u573a\u6b64\u524d\u4f4e\u4f30\u7684\u7ed3\u6784\u6027\u53d8\u5316\u3002<\/p>\n<p>\u7b2c\u4e09\uff0c\u80a1\u4ef7\u4e0e<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%9f%ba%e6%9c%ac%e9%9d%a2\" title=\"View all posts in \u57fa\u672c\u9762\" target=\"_blank\" class=\"tag_link\">\u57fa\u672c\u9762<\/a>\u7684\u80cc\u79bb\u6b63\u5728\u4fee\u590d\u3002 \u516c\u53f8\u4ece\u53bb\u5e74\u9ad8\u70b9\u5927\u5e45\u56de\u8c03\uff0c\u90e8\u5206\u539f\u56e0\u662f\u5e02\u573a\u5bf9AI\u57fa\u7840\u8bbe\u65bd\u652f\u51fa\u7684\u62c5\u5fe7\uff0c\u4f46\u4eca\u665a\u7684\u8d22\u62a5\u6e05\u6670\u8868\u660e\uff1a\u6536\u5165\u589e\u901f\u6b63\u5728\u52a0\u901f\uff0c\u800c\u975e\u653e\u7f13\u3002\u80fd\u89c1\u5ea6\u6781\u9ad8\u7684\u8ba2\u5355\u50a8\u5907\u4e3a\u672a\u6765\u4f30\u503c\u91cd\u6784\u63d0\u4f9b\u4e86\u57fa\u7840\u3002<\/p>\n<p><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\u63d0\u793a\uff1a\u6bcf\u5e74500\u4ebf\u7f8e\u5143\u7684CapEx\u662f\u4e00\u628a\u53cc\u5203\u5251\u2014\u2014\u82e5AI\u9700\u6c42\u653e\u7f13\u6216\u5408\u540c\u6267\u884c\u51fa\u73b0\u95ee\u9898\uff0c\u9ad8\u6760\u6746\u4e0b\u7684\u8d22\u52a1\u538b\u529b\u5c06\u8fc5\u901f\u653e\u5927\u3002\u6295\u8d44\u8005\u9700\u6301\u7eed\u8ddf\u8e2a\u5408\u540c\u843d\u5730\u8fdb\u5ea6\u548c\u81ea\u7531\u73b0\u91d1\u6d41\u72b6\u51b5\u3002<\/p>\n<p>(\u6765\u6e90\uff1a\u65b0\u6d6a\u79d1\u6280)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7532\u9aa8\u6587\uff08NYSE: ORCL\uff09\u4eca\u65e5\u76d8\u540e\u4ea4\u51fa\u4e86\u4e00\u4efd\u4ee4\u534e\u5c14\u8857\u522e\u76ee\u76f8\u770b\u7684\u6210\u7ee9\u5355\u3002 \u516c\u53f8\u516c\u544a\u79f0\uff0c2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u662f [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[6],"tags":[40,142,265,241,50,144,192],"views":56,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/742135"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=742135"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/742135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=742135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=742135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=742135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}