Oracle Analysts Slash Their Forecasts Following Q2 Earnings

Core Viewpoint - Oracle Corp. reported mixed financial results for Q2 of fiscal 2026, with revenue falling short of analyst expectations but adjusted earnings exceeding them [1][2]. Financial Performance - Q2 revenue was $16.06 billion, below the analyst estimate of $16.21 billion [1]. - Adjusted earnings per share grew 54% year-over-year to $2.26, surpassing analyst expectations of $1.64 [1]. Business Strategy - Oracle's commitment to Cloud Neutrality is highlighted, allowing customers to run Oracle databases on any cloud, which is contributing to growth [2]. - The Multicloud database business experienced significant growth, increasing by 817% in Q2 [2]. Stock Performance and Analyst Ratings - Following the earnings announcement, Oracle shares fell 0.1% to close at $223.01 [2]. - Analysts have adjusted their price targets for Oracle: - Piper Sandler: Overweight rating, price target lowered from $380 to $290 [6]. - B of A Securities: Buy rating, price target lowered from $368 to $300 [6]. - BMO Capital: Outperform rating, price target lowered from $355 to $270 [6]. - Bernstein: Outperform rating, price target lowered from $364 to $339 [6].