Oracle Stock Surges on CEO’s Half-Trillion Dollar Revenue Forecast Despite Earnings Miss

Oracle shares rallied 29% in pre-market trading after CEO Safra Catz projected the company's remaining performance obligations could exceed $500 billion. The bullish outlook comes despite Q1 FY26 results missing analyst expectations, with Wall Street swiftly rewarding the confidence.

The database giant's RPO skyrocketed 359% year-over-year to $455 billion, fueled by four multi-billion dollar cloud infrastructure contracts. "Demand for OCI continues to build," Catz emphasized, signaling imminent upward revisions to financial guidance.

UBS analyst Karl Keirstead raised Oracle's price target by 28% to $360, maintaining a Buy rating. The market's reaction underscores how forward-looking cloud metrics now outweigh traditional earnings benchmarks in tech valuations.