Oracle Shares Rise 9% After Earnings Beat and Higher Fiscal 2027 Revenue Forecast

Core Insights - Oracle reported quarterly results that exceeded Wall Street expectations, leading to a 9% increase in shares during premarket trading [1] - The strong performance was driven by significant growth in the cloud infrastructure business, with adjusted earnings of $1.79 per share on revenue of $17.19 billion for fiscal Q3 2026 [1][2] Financial Performance - The company’s cloud segment revenue rose 44% year over year to $8.91 billion, highlighting the shift towards cloud infrastructure while still generating revenue from traditional products [2] - For fiscal 2027, Oracle raised its revenue outlook to $90 billion, while maintaining its fiscal 2026 revenue projection at $67 billion and capital expenditure forecast at $50 billion [3] Future Projections - For the fiscal fourth quarter of 2026, Oracle anticipates total revenue growth of 19% to 21% in U.S. dollar terms, with cloud revenue projected to grow between 46% and 50% [3]