---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41853274.md"
description: "💀 How outrageous is this number from Oracle?$Oracle(ORCL.US) has a backlog of $638 billion in contracts, but its market cap is only $540 billion. The order backlog already exceeds the company's entire market value.📊 Comparison with other tech giantsThis order backlog size surpasses even AMZN and $Microsoft(MSFT.US).In other words, Oracle has more booked revenue on hand than these giants.🎯 What does this mean?Enterprise clients are purchasing Oracle's cloud and database services on a large scale and locking in long-term contracts for more than three years. This is extremely rare in the tech industry.When the order backlog exceeds the market cap, it indicates the market is either severely undervaluing the company, or there is risk in executing these orders. The key going forward is to see if these orders can be delivered on schedule while maintaining profit margins.What do you think? Is this a market pricing failure, or is there something else behind it?"
datetime: "2026-06-13T10:56:49.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41853274.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41853274.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41853274.md)
author: "[辰逸](https://longbridge.com/en/profiles/16318663.md)"
---

# 💀 How outrageous is this number from Oracle?$Orac…


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## Comments (1)

- **edent · 2026-06-13T11:06:05.000Z · 👍 1**: Fifty to sixty percent of orders are from OpenAI, and OpenAI is currently a ticking time bomb.