Oracle Stock Jumps 9% After Earnings as AI Backlog Hits $553B

How Oracle is de-risking its AI boom

Oracle released its third-quarter earnings yesterday, and the company is making it clear that its ambitious AI growth is grounded in reality and cold hard cash.

Oracle Stock Jumps 9% After Earnings as AI Backlog Hits $553B

Oracle stock jump follows strong oracle earnings as cloud growth and AI infrastructure demand push backlog to $553B.

Oracle targets rapid AI infrastructure expansion with $553B RPO and 32% gross margin in Q3 2026

Oracle says AI infrastructure projects are profitable and margins should improve as capacity comes online

Oracle told investors during its third-quarter fiscal-year 2026 earnings call that its AI infrastructure business is profitable today and should become more so as under-construction capacity is completed, estimating accelerator gross margins in the 30% to 40% range and pointing to higher-margin adjacent services and database offerings to lift overall profitability.