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Oracle Shares Rally as AI Demand Lifts Fiscal 2027 Revenue Forecast

October 28, 2026 at 15:49 EDT

Infra & Chips
Sales & Business

Oracle shares climbed about 12% on Wednesday after the company raised its fiscal 2027 revenue guidance to $90 billion, saying it could comfortably meet and potentially exceed its growth outlook as demand for AI cloud capacity continues to outstrip supply. The forecast followed stronger-than-expected third-quarter results and eased some investor concern over the cost of Oracle’s data-center expansion.

March 11 · Oracle

AI cloud outlook lifts Oracle shares

Oracle raised its fiscal 2027 revenue target to $90 billion as AI cloud demand outpaced available supply. Shares rose about 12%, while questions about funding and returns remain.

A bigger contracted-revenue base

Remaining performance obligations (RPO), year over year

$130B*

Q3 FY25*

$553B

Q3 FY26

Up 325% year over year. *Approximate prior-year value implied by the reported increase.

Demand supports growth

Q3 cloud infrastructure revenue rose 84% to $4.9 billion.

Execution remains the test

Investors still want evidence that AI capacity can generate earnings and free cash flow.

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