Oracle Triumphs in Q3 Earnings, Stock Soars by 8%
Oracle Corporation reported remarkable third-quarter earnings on Tuesday, March 10, 2026, significantly exceeding Wall Street expectations. This news led to an 8% surge in shares during after-hours trading.
The cloud computing titan announced earnings per share of $1.79 on revenue of $17.19 billion. These figures surpassed analyst expectations of $1.70 EPS and $16.91 billion in revenue. Total quarterly revenues saw a 22% increase year-over-year, marking the company’s first quarter in over 15 years where both organic total revenue and organic non-GAAP EPS grew at 20% or better.
Cloud revenues were a standout performer, growing 44% to $8.9 billion. Meanwhile, remaining performance obligations skyrocketed 325% year-over-year to $553 billion. The company also raised its fiscal 2027 revenue guidance to $90 billion and announced it would not need to raise additional capital to support its large-scale AI contracts. This announcement eased investor concerns about the company’s debt load.
CEO Larry Ellison emphasized Oracle’s position in the AI infrastructure race. He highlighted the company’s partnerships with OpenAI and other major AI companies. These strong results come despite ongoing concerns about Oracle’s $108 billion debt load and its ambitious data center expansion plans.
Source: CNBC