By Proactive
Publication Date: 2026-06-11 16:10:00
Oracle Corp (NYSE:ORCL, XETRA:ORC) Shares fell about 12% on Thursday after quarterly results left investors scrutinized over the company’s aggressive capital spending plans, even as a record backlog and strong cloud infrastructure growth suggested sustained demand for AI expansion.
The stock fell despite setbacks in sales and profits. Total revenue rose 21% year over year to $19.18 billion, narrowly beating the Street estimate of $19.1 billion, while non-GAAP EPS of $2.11 beat the consensus of around $1.97. The operating margin of 44.8% also exceeded expectations.
The headline that overshadowed those results: Oracle said it expects to raise about $40 billion through debt and equity in fiscal 2027, including a $20 billion equity capital program, as the company looks to expand AI data center capacity at scale. Reported capital expenditures for the year are estimated at $90 billion to $95 billion, with net cash expenditures of approximately $70 billion.
