Oracle (ORCL) Q3 earnings report 2026

Seer Shares rose 8% in extended trading Tuesday after the software vendor reported quarterly results that beat Wall Street forecasts and strengthened its revenue forecast for fiscal 2027.

Management said it currently estimates fiscal 2027 revenue will be $90 billion. Analysts surveyed by LSEG were expecting $86.60 billion.

Oracle forecasts adjusted earnings per share of $1.92 and $1.96 in the fourth fiscal quarter and revenue growth of between 19% and 20%. LSEG’s consensus included $1.70 per share and 20% revenue growth.

Here’s how the company performed in the quarter relative to LSEG consensus:

• Earnings per share: Adjusted $1.79, expected $1.70
• Revenues: 17.19 billion dollars, while the expectation was 16.91 billion dollars

Oracle’s overall revenue increased 22% year over year in the fiscal third quarter ending Feb. 28. expression. Net income rose to $3.72 billion, or $1.27 per share, from $2.94 billion, or $1.02 per share, in the same quarter a year ago. Adjusted earnings per share do not include share-based compensation expense.

The company reported a 44% increase in total cloud revenue to $8.9 billion, above the $8.85 billion consensus among analysts surveyed by StreetAccount. Oracle said it had $4.9 billion in cloud infrastructure revenue, up 84%, faster than the 68% growth in the previous quarter. The company announced cloud businesses from Air France-KLM, Argonne National Laboratory, Lockheed Martin and SoftBank Corp.

Oracle shares are down more than 50% from their September highs. other software vendors about broader AI concerns as well as Wall Street’s specific fears about the company’s heavy debt load financing AI development.

As of Tuesday’s close, the stock was down 23% in 2026, while the S&P 500 was down less than 1% in the same period.

Oracle has won big contracts to provide cloud infrastructure for AI companies like OpenAI, but it has less cash on hand than larger rivals. Amazon And Microsoft.

Hire Nvidia graphics chips generate a lower profit margin than selling software licenses, and Oracle reported negative free cash flow of $13.18 billion in the last 12 months.

During the quarter, Oracle announced the following plans: Raised $45 billion It plans to increase its cloud infrastructure capacity to $50 billion per fiscal year.

Overall, this pace could help calm a nervous investor base, at least for now, as Oracle’s results and earnings point to a continued increase in demand for AI infrastructure. Remaining performance liabilities more than quadrupled from the previous year to $553 billion; but it was slightly below StreetAccount’s $556 billion consensus, and the company said it had the capital to support that growth.

“Most of the increase in RPO in Q3 is related to large-scale AI contracts for which Oracle does not expect to raise any incremental funds to support these contracts, as much of the equipment needed is either pre-funded through customer prepayments so Oracle can purchase the GPUs, or the customer purchases the GPUs and provides them to Oracle,” the company said in its statement.

In Abilene, Texas, where Oracle and Crusoe are building a data center project for OpenAI, Oracle said “two buildings are fully operational and the rest of the campus is on track.” x post. The explanation came later Bloomberg Oracle and OpenAI reportedly abandoned plans to expand the site, but Oracle said media reports about Abilene were false.

Executives will discuss the results in a conference call starting at 5pm ET.

This is breaking news. Please check back for updates.

— CNBC’s Ari Levy contributed to this report.

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