By Lekha Gupta
Publication Date: 2026-03-15 23:30:00
Oracle Corp. Shares jumped Wednesday after the software giant reported better-than-expected third-quarter results and offered upbeat revenue guidance, while also unveiling a new clinical AI tool designed to streamline hospital documentation.
According to Benzinga Pro, Oracle on Tuesday reported third-quarter revenue of $17.19 billion, beating analyst estimates of $16.91 billion. Adjusted earnings rose 21% year over year to $1.79 per share, beating analyst estimates of $1.71 per share.
Oracle expects fourth-quarter revenue to rise 18% to 20% year-over-year, roughly in line with estimates. Fourth-quarter adjusted earnings per share are expected to be $1.96 and $2.00 per share, versus estimates of $1.95.
Several analysts have updated their ratings and price targets multiple times.
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Regardless, the company announced on Wednesday Oracle Health Clinical AI Agent for automated note generation is now available in US emergency departments and inpatient facilities.
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