Story perspectives

Oracle earnings after close test investors’ AI spending

By Drooid · Sep 11, 2026, 12:54 PM UTC · How we work

Summary

Oracle Earnings Test

Oracle will release earnings after Thursday’s close, testing investor patience for its AI spending.
Oracle shares have fallen over 20% in 2026, marking its worst year since 2008.
S&P Global Ratings downgraded Oracle to the lowest investment-grade rating in July 2026.
Oracle’s AI backlog grew 363% YoY to $638 billion, with $67 billion in AI infrastructure contracts signed this quarter.

Summary

Oracle Unveils AI

Oracle unveiled an AI Data Platform that automatically generates enterprise ontologies to simplify AI model deployment.
Oracle rolled out a fully agentic AI Health Care Management and EHR system with specialty-specific agents.
Oracle introduced AI agents for HR functions and secured a Pentagon contract worth $7 billion over ten years.
In July, Oracle launched an AI-native builder in AI Agent Studio, letting partners create Fusion Agentic Applications.

History

Historical Context

IBM’s Watson defeated Jeopardy! champions Ken Jennings and Brad Rutter in February 2011, winning a $1 million prize and sparking high-profile AI partnerships. The division later cost $4 billion to build and was sold for $1 billion in 2022, contributing to a 10% IBM stock drop by 2023. This rise-and-fall story frames today’s corporate AI race, including Oracle’s AI platform push.

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Oracle Earnings Test

Oracle will release earnings after Thursday’s close, testing investor patience for its AI spending.
Oracle shares have fallen over 20% in 2026, marking its worst year since 2008.
S&P Global Ratings downgraded Oracle to the lowest investment-grade rating in July 2026.
Oracle’s AI backlog grew 363% YoY to $638 billion, with $67 billion in AI infrastructure contracts signed this quarter.

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