Oracle’s shares jumped 27% in extended trading after the company highlighted strong cloud growth prospects, despite reporting earnings ($1.47 per share) and revenue ($14.93 billion) that missed analyst estimates. Revenue rose 12% year-over-year, while net income remained flat at $2.93 billion.
The surge was driven by massive new cloud contracts, with remaining performance obligations climbing 359% to $455 billion. Oracle signed four multibillion-dollar deals and partnered with OpenAI to build 4.5 gigawatts of U.S. data center capacity. Cloud infrastructure revenue rose 55% to $3.3 billion, and Oracle projects $18 billion in cloud infrastructure revenue for fiscal 2026, nearly doubling 2025 levels, with even steeper growth expected through 2030.
Co-founder Larry Ellison announced an upcoming Oracle AI Database service to integrate AI models, including OpenAI’s GPT-5, with client data. Analysts see Oracle as one of the major beneficiaries of the AI boom, alongside Microsoft and Amazon.
Oracle forecasts Q2 adjusted earnings of $1.61–$1.65 per share and 14–16% revenue growth, in line with expectations. Capital expenditures are expected to rise 65% to $35 billion as the company expands its cloud infrastructure.
Novet, J. (2025, September 9). Oracle pops 27% on cloud growth projections even as earnings miss estimates. CNBC. https://www.cnbc.com/2025/09/09/oracle-orcl-q1-earnings-report-2026.html