Oracle Beats Earnings Expectations and Raises 2027 Revenue Outlook, AI Data Center Strategy Boosts Stock Price Up Nearly 8% in After-Hours Trading

Oracle Corp (ORCL.N) shares jumped 7.8% in after-hours trading on March 11, driven by a better-than-expected earnings report and upbeat long-term revenue guidance tied to its strong AI focus in data centers. The company reported fiscal Q3 2026 revenue rose 22% year-over-year to $17.2 billion, topping Wall Street’s consensus estimate of $16.9 billion. Oracle also lifted its fiscal 2027 revenue forecast to $90 billion—exceeding market expectations—as it ramps up competition with giants like Amazon and Microsoft to supply computing power for AI firms. Analysts at Wedbush noted the strong Q3 results and outlook should reassure investors, adding Oracle’s 2026-2027 guidance signals it’s starting to monetize its AI business. The company added $30 billion of its planned $50 billion investment funding has been raised, a move analysts said eases investor concerns about its ability to finance data center deals.