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

BlockBeats News, March 11th, Oracle (ORCL.N) saw its stock price surge by 7.8% in after-hours trading due to its earnings report beating expectations and optimistic long-term revenue guidance (attributed to its strong focus on AI in the data center space) released last night. The data revealed that Oracle's revenue for Q3 FY2026 grew by 22% year-over-year to reach $17.2 billion, surpassing the market's expectation of $16.9 billion.

Furthermore, the company has raised its revenue outlook for FY2027 to $90 billion, exceeding market expectations. Currently, Oracle has launched a robust offensive to compete with larger rivals like Amazon and Microsoft, providing computing resources for AI companies.

Analysts at Wade Bush suggested that Oracle's strong Q3 earnings and outlook are likely to reassure investors. Oracle's outlook for 2026 and 2027 indicates that the company has begun monetizing its AI business. Oracle also stated that out of its projected $50 billion investment funding, $30 billion has already been raised. Analysts noted that this would alleviate investors' concerns about Oracle's funding capability for data center deals.