Overview
- Oracle posted fiscal Q2 revenue of $16.06 billion versus $16.21 billion expected, with adjusted EPS of $2.26 lifted by a one-time $2.7 billion pretax gain from selling its Ampere stake.
- Remaining performance obligations rose to about $523 billion, supported by new agreements from Meta and Nvidia, as cloud infrastructure revenue reached $4.1 billion, up 68%.
- Management lifted its fiscal 2026 capital spending plan by roughly $15 billion to about $50 billion to build AI data centers.
- Executives outlined alternative financing models to reduce upfront costs, including customers bringing their own chips and vendors leasing capacity.
- Shares fell roughly 10%–11% after hours as guidance underwhelmed some estimates and concerns persisted over leverage, negative free cash flow, and credit risk costs recently at their highest since 2009.