NetSuite Delivers Solid 13% Growth in quarter
- Niv Nissenson
- Dec 18, 2025
- 2 min read
Oracle’s fiscal Q2 2026 earnings release was another steady quarter (3 months ending November 30, 2025 with a fiscal year end of May 31) for NetSuite, reinforcing its role as a durable growth engine within Oracle’s cloud applications portfolio.
Oracle reported NetSuite Cloud ERP revenue of $1.0 billion for the quarter, representing 13% year-over-year growth. While that growth rate trails Oracle’s faster-expanding infrastructure business, it stands out for its consistency and scale in a mature ERP market.
For context, Oracle’s broader Cloud Applications (SaaS) revenue grew 11%, meaning NetSuite slightly outperformed the overall applications segment. Fusion Cloud ERP revenue came in at $1.1 billion, up 18%, positioning NetSuite and Fusion as the two pillars of Oracle’s ERP strategy—serving different segments but both benefiting from ongoing cloud and AI adoption.
What’s notable is not explosive growth, but durable, predictable expansion. At a $1B quarterly run rate, NetSuite is no longer a “growth story” in the startup sense—it’s infrastructure. That kind of scale, paired with double-digit growth, signals continued demand from mid-market and upper mid-market companies standardizing on cloud ERP.
This performance also aligns with NetSuite’s recent strategic direction: deeper AI embedding, agentic workflows, and a strong emphasis on unified, normalized data. As Oracle continues to invest heavily in AI across its application stack, NetSuite’s standardized data model positions it well to translate those investments into practical finance and operational use cases.
It’s also worth noting that this steady NetSuite performance is playing out against a much more volatile backdrop in Oracle’s stock. Oracle shares peaked at around $328 in September, before selling off sharply in recent months. As of December 17, 2025, the stock is trading near $178, only about 5% higher than where it was a year ago. The pullback reflects broader market concerns around AI expectations, capital intensity, and valuation — rather than weakness in Oracle’s core cloud applications business, where NetSuite continues to deliver consistent results.
