Oracle announces optimistic long-term revenue outlook, shares rise over 8% after hours

NightAirdropper · 2026-03-11T02:06:07+00:00

Oracle's stock rose over 8% in after-hours trading following the release of better-than-expected earnings and an optimistic long-term revenue forecast. Its third-quarter revenue for fiscal year 2026 increased by 22% year-over-year, and the revenue forecast for fiscal year 2027 was raised to $90 billion, demonstrating its strong competitiveness in the artificial intelligence sector.

NightAirdropper

2026-03-11 02:06:07

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Gelonghui, March 11 — On Tuesday, Oracle’s stock price rose over 8% in after-hours trading following better-than-expected earnings and an optimistic forecast for its long-term revenue, as it heavily invests in the AI data center sector. The released data showed that Oracle’s fiscal Q3 2026 revenue increased by 22% year-over-year to $17.2 billion, surpassing the market expectation of $16.9 billion. Additionally, the company raised its revenue forecast for fiscal 2027 to $90 billion, above market expectations. Currently, Oracle has launched a strong offensive to compete with larger rivals like Amazon and Microsoft by providing computing resources for AI companies.

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