Oracle reported fourth‑quarter earnings on June 10, and its shares fell 11% in response to the results.
Quarterly Financial Highlights
Oracle delivered $19 billion in revenue for the quarter, marking a 21 % rise versus the same period last year. Cloud services surged 47 % and are now close to the $10 billion milestone, while Oracle Cloud Infrastructure (OCI) grew 77 % year over year.
GPU capacity across Oracle’s global data‑center network operated at 97.5 % during the quarter. Existing customers retained 92 % of the GPU workload, and new clients accounted for the remaining 8 % within a 90‑day window.
Infrastructure Investment and Market Outlook
Management confirmed activation of over 1.2 gigawatts of data‑center capacity in fiscal 2026, and said the largest infrastructure projects are on schedule or ahead of plan. Capital spending reached $56 billion in FY2026, and the company now projects $90‑$95 billion for FY2027.
Analyst Luke Yang of Morningstar cut Oracle’s fair‑value estimate to $207 per share, citing the aggressive investment roadmap as a key concern for investors. The heightened capex outlook has shifted market focus from revenue growth to cash‑flow sustainability.