Oracle Stock (ORCL) Surges on Q3 Earnings Beat: Up 9% to $163
Oracle (ORCL) shares rallied as much as 15% in extended trading after delivering a decisive third-quarter earnings beat. The software giant posted $1.79 EPS on $17.19 billion revenue, surpassing analyst estimates of $1.70 EPS and $16.9 billion revenue. Cloud performance proved particularly robust, with infrastructure services hitting $4.9 billion against $4.74 billion projections.
The results mark a turning point for Oracle stock, which had plummeted 54% over six months amid heavy AI infrastructure investments. Management's raised 2027 revenue guidance to $90 billion suggests confidence in their cloud-first transformation. While traditional enterprise software slows, Oracle's aggressive data center buildout appears poised to capture growing AI workload demand.
