Oracle Stock Soars 9% Wednesday After A 17% Monthly Slide
The rebound added $33 billion in market value, but shares remained 49% below their 52-week high.
Oracle, which sells business software and cloud infrastructure, soared 8.9% to $128.50 in Wednesday trading, as of 11:06 AM ET, adding $33 billion in market value. Shares remained 49% below their 52-week high.
A Rebound From A Deep Slide
Oracle was on pace Wednesday for its biggest one-day gain since Oct. 28, with a market value of about $400.6 billion.
The stock had fallen 17% over the previous month. At Tuesday's close, shares were down 39% for the year, compared with a 10% gain for the S&P 500.
Cloud Growth Carries A Cash Cost
Oracle's latest earnings release, dated September 10, showed first-quarter revenue grew 30% to $19.3 billion. Net income available to common shareholders rose 60% to $4.7 billion.
Cloud infrastructure generated $7.4 billion, up 121% as reported and 120% in constant currency. Total cloud revenue reached $11.6 billion, growing 62% as reported and 61% excluding currency changes. Cloud applications contributed $4.2 billion, up 10% on both measures.
Oracle generated $23 billion in operating cash flow, up 184%, but quarterly free cash flow was negative $5 billion. The company attributed that cash outflow to investment supporting its cloud infrastructure expansion. It completed a $20 billion common-stock sale before commissions during the quarter as part of its previously announced capital investment program.
Oracle expects fiscal 2027 revenue of at least $90 billion and adjusted earnings of $8.10 per share. For the second quarter, it expects revenue growth of 30% to 34% on both reported and constant-currency measures.
Cloud accounted for 51% of Oracle's revenue in fiscal 2026. Its broader business includes databases, finance and human-resources applications, computing and storage infrastructure, hardware, support and consulting.
Utilities Reach More Electricity Customers
Across 73 events, 1 gigawatt in peak demand reductions was achieved by utilities using Oracle's energy programs, the company announced Wednesday.
Compared with the 3.3 million customers reached in 2025, 4.3 million customers were reached by the programs in 2026. During periods of high demand, customers were encouraged to use less electricity through messages and incentives.
Oracle is scheduled to report its next quarterly results on Monday, December 14.
Sources
- Steve Eisman: Oracle Could Suffer if OpenAI 'Demise' Causes US Recession — Yahoo Finance
- the company report (Oracle Corp.) — the company
- Oracle Corp. — Form 10-Q for the quarter ended 2026-08-31 (quarterly results) — SEC EDGAR
- Oracle — earnings release (Form 8-K, Item 2.02), filed 2026-09-10 — SEC EDGAR
