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yesterday

Oracle Shares Climb to Record High on Strong Q4 and Bullish Cloud Forecast

Oracle reiterated plans for over $25 billion in capex, forecasting at least $67 billion in fiscal 2026 revenue fueled by surging OCI demand via its Stargate OpenAI partnership.

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A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid/File Photo

Overview

  • Oracle reported adjusted earnings of $1.70 per share on revenue of $15.9 billion in its fiscal fourth quarter, surpassing analyst estimates of $1.64 and $15.6 billion.
  • Cloud infrastructure revenue jumped 52% year-over-year to $3.0 billion while overall cloud services climbed 14% to $11.7 billion.
  • The company expects fiscal 2026 revenue to reach at least $67 billion, driven by projected OCI growth exceeding 70%.
  • Remaining performance obligations rose 41% to $138 billion and are forecast to more than double in the coming fiscal year.
  • Capital expenditures increased to $21 billion in fiscal 2025 and are slated to reach roughly $25 billion as Oracle expands its data center footprint for AI and cloud services.