Oracle Forecasts 19-21% Q4 Revenue Growth; $553B OCI Backlog Driven by OpenAI Deal
Summary
Oracle projects robust fiscal Q4 revenue growth of 19-21% and adjusted EPS of $1.96-$2.00, aligning with or slightly exceeding analyst estimates. The company's OCI backlog stands at approximately $553 billion, with over half of this massive figure directly attributed to its multi-year cloud agreement with OpenAI. This news provides crucial detail on the composition of Oracle's remaining performance obligations, which were previously reported at $552.6 billion in the Q3 FY2026 filing. The strong guidance and significant AI-driven backlog highlight the accelerating demand for Oracle's cloud infrastructure and validate its substantial investments in AI data centers. Investors will be watching for further management commentary on AI spending and capacity expansion during the upcoming earnings call after Wednesday's market close.
At the time of this announcement, ORCL was trading at $206.20 on NYSE in the Technology sector, with a market capitalization of approximately $591.9B. The 52-week trading range was $134.57 to $345.72. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.