Overview
- Oracle reported revenue of $16.06 billion versus $16.21 billion expected, while adjusted EPS rose to $2.26, boosted by a $2.7 billion gain from selling its Ampere stake.
- Shares fell as much as 16.5% at the open and the drop pulled down other AI-linked names, with losses reported in Nvidia, AMD and Broadcom and pressure flowing into Nasdaq futures.
- Management raised fiscal‑2026 capital spending plans by roughly $15 billion to about $35 billion to accelerate an AI data‑center buildout.
- Remaining performance obligations climbed to about $523 billion, signaling sizable multi‑year customer commitments tied to cloud and AI services.
- Cloud revenue grew about 34% to roughly $7.98 billion while software sales fell about 3% to around $5.88 billion, reinforcing worries about margins, debt load and the pace of returns from AI investments.