Catenaa, Friday, September 11, 2026- Oracle stock surged on Friday after the company reported gains in its cloud infrastructure business.
Shares of Oracle were up more than 6% in trading Thursday, rising after the database and cloud infrastructure giant posted quarterly results that topped analysts’ estimates and gave a rosy outlook.
Oracle reported adjusted earnings per share of $1.92 on a 30% year-over-year rise in revenue to a record $19.35 billion in its fiscal first quarter. Both figures topped analysts’ estimates compiled by Visible Alpha.
Oracle said the results reflected “strong execution in our infrastructure business.” Revenue from the segment more than doubled to $7.4 billion as the company brought more data center capacity online.
“Customer demand for AI Cloud Training and Inferencing Services continues to grow faster than supply,” Oracle said in a statement.
The company said it booked more than $30 billion of new AI cloud contracts in the quarter without requiring new infrastructure spending.
Its backlog rose to a record $664 billion, above the $639.89 billion analysts had called for.
Oracle said it expects current-quarter revenue growth of 30% to 34%, and full-year revenue of at least $90 billion, ahead of consensus projections.
The results and outlook could help improve confidence in Oracle’s stock, which has pulled back over the past year amid worries about its spending on AI infrastructure and exposure to a few large AI companies.
Shares of Oracle fell some 5% in Thursday’s regular session, leaving them more than 50% off last September’s record highs.
According to the latest results, Oracle expanded its cloud footprint to 70 regions and 119 availability zones across AWS and Azure, while management noted that roughly half of its massive RPO additions will convert into revenue over the next 36 months without requiring incremental cash outlays from Oracle.
“And the vast majority of those new contracts were via pre-pay or bring-your-own-hardware or similar mechanic, so won’t require incremental capital from Oracle. Also, that new RPO won’t impact our CapEx or revenues until fiscal ’28 or beyond,” Oracle CFO Hilary Maxson said in the analyst call.
