Oracle Bets Big on Cloud Expansion: A Sign of Strong Upside Ahead?

Key Takeaways Oracle Cloud revenues jumped 28% to $7.2B, with OCI up 55% to $3.3B in Q1 FY26.Oracle plans $35B CapEx in FY26 to add 37 multi-cloud data centers for AI demand.Record $455B backlog from AI contracts supports Oracle's five-year $144B OCI growth target.Oracle (ORCL) is making a bold bet on cloud expansion as the foundation of its long-term growth path. In the first quarter of fiscal 2026, Oracle Cloud Infrastructure (OCI) revenues climbed 55% year over year to $3.3 billion, lifting overall cloud ...