Markets
March 11, 2026
Shares of Oracle Corporation (ORCL) jumped about 10% after the release of its fiscal third-quarter results. This brought in great amusement among investors who had watched the Oracle stock slide sharply over the past six months.
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The firm made sure that the numbers were hard to ignore. Oracle reported adjusted earnings of $1.79 per share, beating analyst expectations of $1.70. Meanwhile, revenue reached $17.19 billion. Once again, this was above the $16.9 billion consensus, according to data compiled by LSEG. Year over year, revenue climbed 22%, while net income rose to $3.72 billion.
Cloud remains the engine behind the increase. Oracle’s cloud division generated $8.9 billion in revenue. This is up 44% from a year earlier, while its cloud infrastructure business alone grew 84% to $4.9 billion. Shedding light on this growth, Oracle said,
“Most of the increase in RPO in Q3 is related to large-scale AI contracts where Oracle does not expect to have to raise any incremental funds to support these contracts, as most of the equipment needed is either funded upfront via customer prepayments so Oracle can purchase the GPUs, or the customer buys the GPUs and supplies them to Oracle.”
Some of that demand is coming from high-profile clients. Oracle revealed projects involving firms like Air France-KLM, Lockheed Martin, SoftBank, and the Activision Blizzard unit of Microsoft. All of them are tapping Oracle’s cloud infrastructure to run AI workloads and large-scale applications.
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Oracle Stock Price Outlook After Strong Oracle Earnings and 2027 Forecast
Oracle also lifted its long-term outlook, giving investors another reason to look into the stock. The company now expects $90 billion in revenue by fiscal 2027. This is $1 billion higher than its previous forecast. For the upcoming quarter, Oracle expects adjusted earnings between $1.96 and $2.00 per share with a revenue growth of 19% to 21%.
The market reacted quickly to the results. Oracle’s stock jumped about 10% in extended trading after the earnings release. This showed the increasing confidence in investors as the firm jumped into AI waters.
The latest Oracle stock price forecast from analysts suggests notable upside from current levels. Data from Yahoo Finance shows the average analyst price target at about $248.55. The most bullish estimates reach $400.
Along with this, analysts are inclined towards a “buy” consensus rating. This reflects confidence that Oracle’s cloud and AI strategy could drive growth over the next couple of years. For investors following Oracle stock news today, the latest results suggest the firm’s massive bet on AI computing is already paying off.
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