Story perspectives

Oracle Surges 11% After Strong Q3 Results, Raises Outlook

3/11/2026

Summary

Story summary

Oracle reported strong fiscal third-quarter results with EPS $1.79 and revenue $17.19 billion, lifting shares by about 11.44%.
The company raised its fiscal 2027 revenue outlook to $90 billion, supported by cloud revenue of $8.9 billion.
Remaining performance obligations rose to $553 billion, signaling demand for AI infrastructure.
Oracle plans to invest $50 billion to expand cloud capacity and bring 10 gigawatts online within three years, despite capital expenditure concerns.

1 of 1

Story summary

Oracle reported strong fiscal third-quarter results with EPS $1.79 and revenue $17.19 billion, lifting shares by about 11.44%.
The company raised its fiscal 2027 revenue outlook to $90 billion, supported by cloud revenue of $8.9 billion.
Remaining performance obligations rose to $553 billion, signaling demand for AI infrastructure.
Oracle plans to invest $50 billion to expand cloud capacity and bring 10 gigawatts online within three years, despite capital expenditure concerns.