Oracle Shares Jump 6% After Boosting Its 2026 Revenue Guidance. Stock Is Up 55% YTD as the Data Services Company Rides the AI Boom

  • 2 days ago
Oracle shares rose 6% in after-hours trading following the company's revised fiscal 2026 revenue forecast to at least $66 billion, surpassing analyst expectations. Oracle also issued a forecast for fiscal 2029, projecting revenue over $100 billion with 20% year-over-year EPS growth. CEO Safra Catz confidently endorsed the ambitious numbers, highlighting partnerships with Amazon, Google, and Microsoft to expand Oracle's database software reach via major cloud providers. Oracle's stock, now up 55% year-to-date, is at an all-time high.

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