Overview
- Oracle stock fell between roughly 11% and 16% in premarket and early trading after reporting fiscal Q2 revenue of $16.06 billion versus $16.21 billion expected.
- The company guided that AI and data‑center capital spending for fiscal 2026 will run about $15 billion above its prior plan, raising worries about debt and cash flow.
- Adjusted earnings per share came in at $2.26, topping forecasts, with the result materially aided by the sale of Oracle’s stake in Ampere Computing.
- Remaining performance obligations climbed to $523 billion, highlighting multi‑year commitments even as software revenue fell 3% and new licenses dropped about 21% year over year.
- The selloff weighed on AI‑linked peers and helped pull the Nasdaq lower, while the S&P 500 and Dow finished at record highs.