Oracle supports $50 billion in capital spending following strong earnings

Oracle Corporation (NYSE:ORCL) is one of the 11 Best Large Cap Tech Stocks to Invest in.

On March 10, Oracle Corporation (NYSE:ORCL) reported its third-quarter fiscal 2026 earnings, reporting adjusted earnings of $1.79 per share, compared to the consensus of $1.70, according to LSEG. Revenue was $17.19 billion, compared to estimates of $16.91 billion.

CNBC reported that Oracle has announced plans to raise between $45 billion and $50 billion in fiscal 2026 and invest in its cloud infrastructure. The company’s results and backlog indicate growing demand for AI infrastructure. For example, the company’s remaining performance obligations have quadrupled compared to the previous year to over $553 billion. The company noted that it has capital to meet high demand.

Before the results were released, Bloomberg reported on March 7 that Oracle, along with OpenAI, had canceled plans to expand its flagship AI data center in…