Oracle (NYSE: ORCL) reported quarterly results that exceeded Wall Street expectations and lifted its fiscal 2027 revenue outlook, driven by strong growth in its cloud infrastructure business. Shares climbed about 9% in premarket trading Wednesday following the announcement.
The company reported adjusted earnings of $1.79 per share for fiscal third quarter 2026 on revenue of $17.19 billion. Analysts had expected earnings of $1.70 per share on revenue of $16.92 billion.
Oracle’s cloud segment delivered robust performance, with revenue rising 44% year over year to $8.91 billion.
In recent years, Oracle has increasingly emphasized cloud infrastructure while continuing to generate significant revenue from its traditional products such as database software and enterprise applications for finance and other business functions.
Looking ahead, the company raised its fiscal 2027 revenue outlook to $90 billion. Its fiscal 2026 revenue projection remained unchanged at $67 billion, and its capital expenditure forecast also stayed at $50 billion.
For the current fiscal fourth quarter of 2026, Oracle expects total revenue growth of 19% to 21% in U.S. dollar terms, while total cloud revenue is projected to grow between 46% and 50%.
