Overview

• Shares jumped as much as about 38%–40% in early trading, marking the biggest intraday rally since 1992 and lifting Larry Ellison’s net worth close to Elon Musk’s.
• Oracle forecast OCI sales of $18 billion this fiscal year, up 77%, with a path to $32 billion, $73 billion, $114 billion and $144 billion over the next four years after signing four multibillion-dollar contracts.
• Remaining performance obligations climbed 359% year over year to $455 billion, and management said additional large deals in coming months could push that figure beyond half a trillion dollars.
• The company slightly missed Q1 estimates with adjusted EPS of $1.47 on revenue of $14.9 billion, while raising 2026 capital spending plans to roughly $35 billion and reporting multicloud database revenue up 1,529% with 37 more data centers planned for hyperscaler partners.
• Oracle plans an 'AI Database' service to run models like ChatGPT, Grok and Gemini atop Oracle Database, highlights major AI workloads including OpenAI’s 4.5 GW capacity plan, and faces analyst questions about demand sourced from hyperscalers offloading capacity.