{"id":3339,"date":"2026-03-10T20:52:08","date_gmt":"2026-03-10T20:52:08","guid":{"rendered":"https:\/\/www.europesays.com\/news\/3339\/"},"modified":"2026-03-10T20:52:08","modified_gmt":"2026-03-10T20:52:08","slug":"oracle-beats-q3-expectations-raises-2027-revenue-outlook-sending-stock-higher","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/news\/3339\/","title":{"rendered":"Oracle beats Q3 expectations, raises 2027 revenue outlook sending stock higher"},"content":{"rendered":"\n

Oracle (ORCL<\/a>) reported its third quarter earnings after the bell on Tuesday, beating expectations on the top and bottom lines, while raising its 2027 revenue guidance to $90 billion, sending the company’s stock higher.<\/p>\n

Shares jumped as much as 6% on the news.<\/p>\n

The announcement comes amid reports that the company has axed plans to expand an AI data center with OpenAI (OPAI.PVT<\/a>) and that it\u2019s preparing to cut thousands of jobs.<\/p>\n

The AI infrastructure company is spending tons of cash on data centers, but investors aren\u2019t quite sold on the idea.<\/p>\n

Oracle stock has fallen steeply. After climbing to a high of $345.72 in September, the stock was trading at $149 as of Tuesday afternoon. Shares are now off 54% over the last six months and 23% since the start of the year.<\/p>\n

For the quarter, Oracle saw earnings per share (EPS) of $1.79 on revenue of $17.19 billion, above analysts’ expectations of EPS of $1.70 on revenue of $16.9 billion. The company reported $1.47 and $14.1 billion in the same period last year.<\/p>\n

Oracle\u2019s cloud segment brought in $8.9 billion versus expectations of $8.8 billion. Cloud infrastructure saw sales of $4.9 billion, ahead of estimates of $4.74 billion.<\/p>\n

Oracle’s capital expenditures have ballooned tremendously over the last year, jumping as much as 269% in the first quarter to $8.5 billion, and expects to see full year capital expenditures of $50 billion.<\/p>\n

Read more: Live coverage of corporate earnings<\/a><\/p>\n

The earnings announcement comes after Bloomberg reported<\/a> that Oracle and OpenAI have canned a planned expansion of their Stargate data center project in Texas, which gave Meta (META<\/a>) the opportunity to begin talks with developer Crusoe to lease the location.<\/p>\n

But Oracle pushed back on the report in a post on X.<\/p>\n

\u201cRecent media activity about the Abilene site are false and incorrect,\u201d the company said.<\/p>\n

\u201cFirst, Crusoe and Oracle are operating in lockstep to deliver one of the world’s largest AI Data centers in Abilene at record-breaking pace. Two buildings are completely operational and the rest of the campus is on track. Second, Oracle has completed leasing for the additional 4.5GW to deliver on our commitments to OpenAI.\u201d<\/p>\n

It also follows a separate Bloomberg repor<\/a>t that Oracle plans to lay off \u201cthousands\u201d of workers. The move is seen as a way to help Oracle finance its massive data center build-out.<\/p>\n

Oracle isn\u2019t the only company spending billions of dollars putting up data centers around the world.<\/p>\n

Amazon (AMZN<\/a>), Google (GOOG<\/a>, GOOGL<\/a>), Meta, and Microsoft (MSFT<\/a>) plan to allocate a collective $650 billion in 2026 to capital expenditures, with much of that going to data centers for AI apps and models.<\/p>\n","protected":false},"excerpt":{"rendered":"Oracle (ORCL) reported its third quarter earnings after the bell on Tuesday, beating expectations on the top and…\n","protected":false},"author":2,"featured_media":3340,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2930,1109,2924,2929,2925,8,9,2927,2928,2926,7],"class_list":{"0":"post-3339","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-stories","8":"tag-ai-infrastructure-company","9":"tag-capital-expenditures","10":"tag-data-center","11":"tag-earnings-per-share","12":"tag-expectations","13":"tag-headlines","14":"tag-news","15":"tag-oracle-plans","16":"tag-oracle-stock","17":"tag-revenue-guidance","18":"tag-top-stories"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@news\/116206865165645467","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/3339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/comments?post=3339"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/posts\/3339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media\/3340"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/media?parent=3339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/categories?post=3339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/news\/wp-json\/wp\/v2\/tags?post=3339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}