US Edition
Oracle stock jumps 7% on earnings beat and increased guidance as cloud revenue climbs 44%
Oracle's cloud revenue rose 44% to $8.9 billion, driven by AI demand, prompting raised guidance for future fiscal years and a new quarterly dividend declaration.
- On Tuesday, Oracle reported fiscal third-quarter revenue of $17.19 billion and adjusted EPS of $1.79, beating estimates as shares rose in after-hours trading.
- Driven by cloud growth, Oracle's total revenue increased 22% year-over-year, with cloud sales reaching $8.9 billion, up 44%.
- Remaining performance obligations totaled $3.7 billion, and net income was $3.72 billion, or $1.27 a share, at the fiscal third quarter end in February.
- Oracle issued forward guidance covering fourth-quarter EPS of $1.96–$2.00 and fiscal 2027 revenue of $90 billion, above estimates of $1.95 and $86.63 billion respectively.
- The total cloud revenue outlook is driven by AI demand, with Oracle's CEO participating in a White House roundtable on March 4, linking the company to policy discussions.
41 Articles
41 Articles
Oracle Leads All Tech Stocks Today - Here's Why Shares Are Surging 10%
Quick Read Oracle (ORCL) shares zoomed 9% higher in Wednesday’s premarket hours following Tuesday’s make-or-break Q3 FY2026 earnings release. Oracle’s cloud infrastructure revenue surged 84% year-over-year to $4.888 billion driven by AI training and inferencing demand, while multi-cloud database revenue exploded 531% as enterprises shifted workloads to hybrid cloud environments. Oracle’s acceleration reflects its central role as the compute b…
Oracle to investors: Don't worry about data center spending, company is 'very, very good' at cost-cutting
Oracle reported its third-quarter earnings for fiscal 2026 on Tuesday.Jonathan Raa/NurPhoto via Getty ImagesOracle reported its third-quarter earnings for fiscal 2026 on Tuesday.The cloud giant is forecasting $50 billion in capital expenditures for the year.To maximize profit, Oracle is focused on cutting costs and accelerating construction timelines.Oracle has two magic words for investors concerned with the company's aggressive data center spe…
Oracle posts strong Q3 results amid rising AI cloud demand
SAN FRANCISCO, March 10 (Xinhua) -- U.S. software company Oracle Corporation on Tuesday reported strong financial results for the third quarter of fiscal year 2026, driven by rapid growth in cloud services and rising demand for artificial intelligence (AI) computing. Read full story
Oracle (NYSE:ORCL) Updates Q4 2026 Earnings Guidance
Oracle (NYSE:ORCL) updated its fourth quarter 2026 earnings guidance. The company provided EPS guidance of 1.960-2.000 for the period, compared to the consensus estimate of 1.780. The company also issued revenue guidance of $18.9 billionillion-$19.2 billionillion, compared to the consensus estimate of $19.1 billionillion.
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
