Oracle's FY2026 Q4 Revenue Surges to $19.2 Billion, Beating Expectations; Stock Price Plunges Nearly 12% After Hours

On June 11, Oracle (ORCL) reported fourth-quarter fiscal 2026 revenue of $19.2 billion, beating analysts’ consensus estimate of $19.095 billion. The quarter’s cloud revenue hit $9.9 billion. The company projects fiscal 2027 first-quarter total revenue will grow 27% to 29% year-over-year, while full-year fiscal 2027 cloud revenue is expected to rise 57% to 63%. Oracle is targeting $900 billion in fiscal 2027 revenue and plans to raise roughly $40 billion via a mix of debt and equity financing. The company’s CEO noted that its Abilene, Texas, data center is 42% complete in total capacity, with an additional 35% of capacity set to come online in the next 90 days. During fiscal 2026’s fourth quarter, Oracle signed $67 billion in AI infrastructure contracts, most of which included hardware components or upfront payments. In related developments, OpenAI announced an expanded collaboration with Oracle to make OpenAI’s cutting-edge models and Codex tool more accessible to Oracle Cloud Infrastructure customers. Separately, the Trump administration confirmed Oracle has secured U.S. government contracts to provide human resources software. As of press time, investors have reacted sharply to Oracle’s continued large-scale AI infrastructure investments and its additional financing plans. The company’s stock dropped nearly 12% in after-hours trading, and was last down 11.15% at publication.