Oracle Shares Rise 8% After-Hours as Revenue Beats Estimates, CEO Gives Upbeat Outlook

Luzi Ann Santos wrote a column · Jun 12 04:18

$Oracle (ORCL.US)$ shares advanced about 8% in after-hours trading Wednesday after the tech company's revenue beat analysts' estimates and its CEO painted a rosy outlook for fiscal year 2026.

Revenue reached $15.9 billion, compared with Bloomberg consensus that called for $15.59 billion, according to Oracle's financial results released after the market closed Wednesday.

"We expect triple-digit MultiCloud revenue growth to continue in FY26," Oracle Chairman and CTO, Larry Ellison said in the company's press release. "We expect OCI consumption revenue to grow even faster in FY26. OCI revenue growth rates are skyrocketing—so is demand."

Oracle Shares Rise 8% After-Hours as Revenue Beats Estimates, CEO Gives Upbeat Outlook

"MultiCloud database revenue from Amazon, Google and Azure grew 115% from Q3 to Q4," Ellison said. "And RPO is likely to grow more than 100% in FY26," he said, referring to the company's remaining performance obligations or the total value of contracted revenue that has yet to be recognized.

Before the financial results were released, the options market was pricing in a 7.1% move in the share price. To see Oracle's options chain, click here.