Overview
- Oracle reported fiscal Q3 revenue of $17.2 billion with adjusted EPS of $1.79, with both revenue and earnings up more than 20% year over year, and guided Q4 revenue growth to 18%–20% with EPS of $1.96–$2.00.
- Cloud infrastructure revenue rose about 84% year over year, and remaining performance obligations surged to $553 billion, up 325% from a year earlier.
- To fund data center buildouts, Oracle raised $25 billion in debt as trailing 12‑month free cash flow remained negative around $24.7 billion, and the company has planned sizable layoffs reported at roughly 12%–18% of its workforce with hiring pauses in parts of the cloud unit.
- Oracle Health’s Clinical AI Agent for automated note generation is now available in U.S. emergency and inpatient settings, with the company saying it has saved physicians more than 200,000 hours and AtlantiCare reporting a 41% cut in documentation time.
- Analyst calls diverged: JPMorgan upgraded to Overweight with a $210 target, Barclays lifted its target to $240, Jefferies trimmed to $320 and Stifel to $220 while keeping Buy ratings, and Guggenheim reiterated $400 and added Oracle to its Best Ideas list.