Oracle Shares Jump 6% After Boosting Its 2026 Revenue Guidance. Stock Is Up 55% YTD as the Data Services Company Rides the AI Boom

Benzinga

Oracle shares rose 6% in after-hours trading following the company's revised fiscal 2026 revenue forecast to at least $66 billion, surpassing analyst expectations. Oracle also issued a forecast for fiscal 2029, projecting revenue over $100 billion with 20% year-over-year EPS growth. CEO Safra Catz confidently endorsed the ambitious numbers, highlighting partnerships with Amazon, Google, and Microsoft to expand Oracle's database software reach via major cloud providers. Oracle's stock, now up 55% year-to-date, is at an all-time high.

Transcript

00:00It's Benzinga and here's what's on the block.

00:02Oracle shares rose 6% in after-hours trading following the company's revised Fiscal 2026

00:08revenue forecast to at least $66 billion, surpassing analysts' expectations.

00:13Oracle also issued a forecast for Fiscal 2029 projecting revenue over $100 billion, with

00:1920% year-over-year EPS growth.

00:22CEO Safra Katz confidently endorsed the ambitious numbers, highlighting partnerships with Amazon,

00:27Google, and Microsoft to expand Oracle's database software reach via major cloud providers.

00:33Oracle's stock, now up 55% year-to-date, is at all-time highs.

00:36For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended