By Daniel Howley
Publication Date: 2026-03-09 20:35:00
oracle (ORCL) will report its third-quarter results after the bell on Tuesday, amid reports that the company has halted plans to expand an AI data center with OpenAI (OPAI.PVT) and is preparing to cut thousands of jobs.
The AI ​​infrastructure company is spending tons of money on data centers, but investors aren’t entirely sold on the idea.
Oracle shares have fallen sharply. After reaching a high of $345.72 in September, the stock was trading at $150 on Monday. Shares are down 37% over the past six months and down 23% year-to-date.
Oracle’s capital expenditures have increased tremendously over the last year, rising 269% to $8.5 billion in the first quarter. The company is expected to report another 139% rise to $14 billion in the third quarter, according to consensus estimates from Bloomberg analysts.
Read more: Live reporting of corporate earnings
For the quarter, Oracle expects earnings per share (EPS) of $1.70 on revenue of…
