Wall Street Analysts Say Oracle’s Earnings ‘Checked Nearly Every Box’, tell me about this news in (https://www.investopedia.com/market-update-wall-street-analysts-say-oracle-earnings-checked-nearly-every-box-orcl-12115876)
11-09-2026
The news covers Oracle’s fiscal first-quarter earnings report, which exceeded Wall Street expectations and drew positive reactions from major analysts.Key highlights from the report include:
- Strong Financial Beat: Oracle posted adjusted earnings of $1.92 per share on revenue of $19.35 billion, beating consensus expectations of around $1.73 per share on $19.13 billion to $19.14 billion in revenue.
- Massive Cloud and AI Momentum: Total cloud revenue grew 62% year-over-year to $11.6 billion, led by a 121% surge in cloud infrastructure revenue. The company signed over $30 billion in new AI contracts, expanding its total backlog (Remaining Performance Obligations) to a record $664 billion.
- Raised Full-Year Guidance: Oracle lifted its fiscal full-year adjusted profit forecast to $8.10 per share on revenue of at least $90 billion, up slightly from prior projections.
- Analyst Sentiment: Analysts from firms like Citi noted that Oracle “delivered a solid fiscal first quarter that checked nearly every box,” pointing out that strong execution and expanding AI capacity help solidify the bull case ahead of Oracle’s Investor Day. Other firms, including Barclays, raised their price targets, noting accelerating growth and easing concerns over how Oracle will finance its data center expansion.