Oracle Stock Surges 9% on AI-Driven Backlog Boom
Oracle shares rallied sharply in after-hours trading, climbing as much as 10% after reporting earnings that surpassed Wall Street expectations. The catalyst: a $553 billion backlog—quadruple year-over-year growth—fueled by explosive demand for AI infrastructure.
Adjusted EPS of $1.79 beat consensus by $0.09, while revenue hit $17.19 billion against estimates of $16.91 billion. Cloud revenue surged 44% to $8.9 billion, with infrastructure alone jumping 84%. The results mark a stark reversal for a stock that had fallen 50% from its September peak.
Management raised fiscal 2027 revenue guidance to $90 billion, $3.4 billion above analyst forecasts. 'The AI pipeline is accelerating faster than we can deploy capacity,' CEO Safra Catz noted, signaling sustained momentum in enterprise cloud adoption.
