【AI+ORCL】Oracle's earnings exceed expectations, surging 8% after hours

SocialAnxietyStaker · 2026-03-10T23:05:05+00:00

Oracle's fiscal Q3 report shows total revenue of $17.19 billion, cloud revenue of $8.914 billion, representing year-over-year growth of 22% and 44%, respectively. Net profit was $3.699 billion, with adjusted earnings per share of $1.79. The order backlog reached $553 billion, emphasizing that large AI contracts do not require additional debt. The company clarified that rumors regarding OpenAI are unfounded, and its stock rose 8% after hours. CTO Ellison stated that the company is committed to developing an automated ecosystem and considers itself an industry disruptor.

SocialAnxietyStaker

2026-03-10 23:05:05

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Oracle (NYSE: ORCL) reports fiscal Q3 results, with total revenue of $17.19 billion for the three months ending February 28, beating expectations of $16.91 billion, up 22% year-over-year, mainly driven by cloud revenue. Cloud revenue reached $8.914 billion (including infrastructure and SaaS), surpassing expectations of $8.85 billion, up 44% year-over-year, accounting for 52% of total revenue, up from 44%. Cloud infrastructure (OCI) revenue was $4.9 billion, up 84%. Net income was $3.699 billion, and adjusted earnings were $5.201 billion, up 23%. Adjusted earnings per share were $1.79, exceeding expectations of $1.70.

Oracle’s remaining performance obligations (RPO) surged to $553 billion. The company emphasized that large AI contract equipment purchases are mostly prepaid by customers or involve customers providing their own GPUs, so no additional debt is needed to support these specific contracts.

Oracle clarified rumors about terminating the expansion of the Abilene data center project in Texas with OpenAI, stating that Bloomberg’s report was incorrect. Currently, two buildings in the campus are operational, and the rest are progressing normally.

After the earnings release, Oracle’s stock rose 8% in after-hours trading to $161.55.

Oracle co-founder, CTO, and Chairman Larry Ellison stated during the conference call, “Thank God, we now have these development tools that allow us to build a complete ecosystem based on agent-based software to automate healthcare, financial services, and more. That’s what Oracle is doing. That’s why we see ourselves as disruptors, and why we believe the ‘SaaS doomsday’ will fall on others, not us.”

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