Benzingaยท2025-09-11 04:06Core Insights - Oracle Corp. shares surged 35.95% in regular trading and an additional 1.42% in after-hours trading, reaching $333, following exceptional first-quarter fiscal 2026 results driven by record-breaking AI infrastructure demand [1][2]. Financial Performance - Remaining Performance Obligations (RPO) totaled $455 billion, marking a 359% increase year-over-year, driven by four multi-billion dollar contracts signed with three different customers [2]. - Cloud Infrastructure revenue reached $3.3 billion in Q1, up 55% year-over-year, while total cloud revenue hit $7.2 billion, growing 28% annually [4]. Growth Projections - Oracle projects Cloud Infrastructure revenue growth of 77% to $18 billion in fiscal year 2026, with aggressive expansion to $32 billion, $73 billion, $114 billion, and $144 billion over the next four years [3]. - MultiCloud database revenue from major partners grew an extraordinary 1,529% in the first quarter, with expectations for substantial growth in the coming years [5][6]. Analyst Reactions - Following the earnings report, analysts raised their price targets significantly, with Piper Sandler increasing from $270 to $330, and Bank of America upgrading the rating from Neutral to Buy with a new target of $368 [7]. Market Position - Oracle's market capitalization soared to $922.22 billion, making it the 12th most valuable publicly traded company globally, with a price-to-earnings ratio of 75.62 and a modest dividend yield of 0.61% [9].