Oracle Stock Jumps 9% After Earnings Beat and Strong Cloud Growth

Oracle reported better-than-expected financial results for its fiscal third quarter ended in February 2026, boosting investor sentiment and sending the company’s shares sharply higher in after-hours trading.

The technology giant posted total revenue of $17.2 billion, representing a 22% year‑over‑year increase and exceeding analyst expectations of around $16.9 billion. Adjusted earnings per share came in at $1.79, also above market forecasts. Following the results, Oracle raised its outlook for upcoming quarters, signaling continued momentum in its cloud business.

Cloud operations were the key driver of the company’s growth. Oracle reported cloud revenue of $8.9 billion during the quarter, marking a 44% increase from a year earlier. Demand for AI infrastructure and large-scale cloud computing contracts played a major role in the expansion, with cloud infrastructure services showing particularly strong growth.

Oracle also reported a significant increase in its remaining performance obligations (RPO), a measure of contracted future revenue. The company’s backlog rose by roughly $30 billion during the February quarter to about $553 billion. Management indicated that growing demand for AI-powered cloud services could continue to support revenue growth in the coming periods.