Oracle's earnings report exceeded expectations and raised revenue guidance, leading to a stock price increase after hours

LootboxPhobia · 2026-03-10T20:56:03+00:00

The quarterly performance announced by Oracle exceeded market expectations due to strong growth in cloud computing business, with the stock price rising by 7.6%. The third quarter of fiscal year 2026 reported earnings per share of $1.79 and revenue of $17.19 billion, and the revenue guidance for fiscal year 2027 has been raised to $90 billion.

LootboxPhobia

2026-03-10 20:56:03

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Investing.com - Oracle reported quarterly earnings on Tuesday that exceeded market expectations, thanks to strong growth in its cloud computing business. The company also raised its revenue guidance for fiscal year 2027, driving its stock up 7.6% after hours.

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Oracle stated that for fiscal year 2026, the third quarter adjusted earnings per share were $1.79, with revenue of $17.19 billion. Analysts previously expected earnings of $1.70 per share and revenue of $16.92 billion.

The company indicated that it currently expects revenue for fiscal year 2027 to reach $90 billion. The revenue outlook for fiscal year 2026 remains unchanged at $67 billion.

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