"The boost comes down to Oracle's revenue projections rather than the lackluster results for fiscal year (FY) 2026's first quarter. The company predicts that Oracle Cloud Infrastructure's entire FY 2026 revenue will reach $18 billion-a 77% jump year-over-year (YOY). That's just the start. Oracle further expects revenue for its cloud infrastructure business to reach $32 billion in 2027, $73 billion the following year, and $114 billion and $144 billion in 2029 and 2030, respectively."
"Oracle signed four multibillion-dollar contracts during quarter one, stemming from three different customers, it said. CEO Safra Catz stated in the report that the company expects to sign "several" more multibillion-dollar customers over the next few months. Then there was the July announcement that Oracle is teaming up with OpenAI to create 4.5 gigawatts of Stargate data center capacity in the U.S."
Oracle reported fiscal 2026 first-quarter revenue and earnings that missed expectations, yet shares rose more than 32% in after-hours and premarket trading based on forward guidance. Management forecasted Oracle Cloud Infrastructure revenue of $18 billion for FY2026, a 77% year-over-year increase, and projected $32 billion in 2027, $73 billion in 2028, $114 billion in 2029, and $144 billion in 2030. Oracle signed four multibillion-dollar contracts in Q1 from three customers, announced a partnership with OpenAI to add 4.5 gigawatts of data center capacity, and reported Remaining Performance Obligations topping $455 billion with rapid cloud RPO growth.
Read at Fast Company
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