Oracle’s Stock Skyrockets Following Stellar Earnings Report and Raised Revenue Forecast
Oracle Corporation delivered an impressive third-quarter earnings report on March 10, 2026, which resulted in its stock surging by as much as 14% in early trading the following day. The cloud infrastructure behemoth reported a revenue of $17.19 billion, surpassing analyst expectations of $16.91 billion. Meanwhile, the adjusted earnings per share reached $1.79, outperforming the consensus estimate of $1.70.
The standout performance was observed in Oracle’s cloud infrastructure business, which saw an astonishing 84% year-over-year revenue increase to $4.9 billion. The total cloud revenue climbed 44% to $8.9 billion, demonstrating a strong demand for AI computing infrastructure. Perhaps the most impressive feat was the company’s remaining performance obligations (RPOs) that surged 325% to $553 billion, reflecting a massive backlog of AI-related contracts.
Oracle also raised its fiscal 2027 revenue guidance to $90 billion, significantly above analyst projections. In addition, the company announced that it would not issue additional bonds in the calendar year 2026. This marked the first quarter in over 15 years where both revenue and earnings per share grew at 20% or more.
Despite the rally, Oracle shares remain down 23% for 2026. Investors had been concerned about the company’s heavy capital expenditures of $50 billion to build AI data centers.
Key Highlights:
- Oracle’s Q3 revenue exceeded analyst expectations, reaching $17.19 billion.
- Adjusted earnings per share reached $1.79, beating the consensus estimate of $1.70.
- Oracle’s cloud infrastructure business revenue jumped 84% year-over-year to $4.9 billion.
- The company’s RPOs surged 325% to $553 billion, indicating a massive backlog of AI-related contracts.
- Oracle raised its fiscal 2027 revenue guidance to $90 billion.
Source: Oracle’s Fiscal Year 2026 Third Quarter Financial Results