Overview
- Fiscal Q3 revenue reached about $17.2 billion with adjusted EPS of $1.79, outpacing estimates as cloud services rose 44% to $8.9 billion and OCI jumped 84% to $4.9 billion.
- Oracle plans roughly $50 billion in fiscal‑year capex to scale data‑center capacity for AI, with a goal of more than 10 gigawatts of compute over the next three years.
- Remaining performance obligations climbed to approximately $553 billion, supported by multi‑billion‑dollar contracts that include capacity for OpenAI and a data‑center campus in Abilene, Texas with Crusoe.
- The company lifted its fiscal 2027 revenue goal to $90 billion and guided next‑quarter revenue growth of about 18%–20% with EPS of $1.92–$1.96.
- Shares rose roughly 9%–11% following the report, leading major gainers as investors reassessed Oracle’s AI‑driven cloud trajectory.