Oracle’s Stock Skyrockets 30% as Cloud Revenue Forecast Astounds Wall Street

Oracle Corporation left investors in awe this week when its stock surged by 30% in the wake of the company’s first-quarter fiscal 2026 earnings report. This significant increase occurred despite the company falling short of earnings and revenue estimates.

The database software behemoth unveiled bold cloud infrastructure revenue projections. The company anticipates a growth from $10 billion in fiscal 2025 to an astonishing $144 billion by fiscal 2030. CEO Larry Ellison disclosed that Oracle’s remaining performance obligations skyrocketed 359% to $455 billion, signaling massive growth opportunities on the horizon.

During the quarter, the company secured four multibillion-dollar contracts with three distinct customers. This includes a significant agreement with OpenAI to develop 4.5 gigawatts of U.S. data center capacity.

Analysts were “blown away” by the numbers, with TD Cowen’s Derrick Wood calling it a “momentous quarter” and Deutsche Bank’s Brad Zelnick saying analysts were “in shock, in a very good way.”

Oracle’s market capitalization surged past $870 billion, marking its most dramatic rally since the late 1990s dot-com boom.

Source: CNBC