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Oracle Jumps 6% Premarket After AI Cloud Demand Drives 30% Revenue Growth

Oracle Q1 revenue rose 30% to $19.35B, beating estimates, on 62% cloud growth. Shares rose 6.2% premarket, down 21.5%.

AI News Feed · 2026-09-11 21:18

Net income reached $4.7 billion, up 60% from $2.93 billion a year earlier. Cloud revenue rose 62% to $11.6 billion. Cloud infrastructure revenue jumped 121%, while cloud application revenue grew 10%.

Oracle delivered an additional 850 megawatts of data center capacity in the quarter. It booked more than $30 billion in further AI cloud contracts and delivered more than 300,000 GPUs to its AI Cloud customers.

For the current quarter, Oracle expects revenue to grow between 30% and 34%, with cloud revenue rising between 64% and 70%. It expects total revenue for the 2027 fiscal year to be at least $90 billion.

Alongside selling its flagship database software, Oracle has taken on more than $100 billion in debt as it funds an expansive buildout of data centers for AI workloads. The investment is expected to expand capacity for contracted cloud demand from customers including Nvidia, Meta, OpenAI, AMD and xAI.

Citi analysts reiterated a Buy rating in a Friday note, saying Oracle had met expectations and "cleared the runway" for its upcoming Investor Day. "Oracle delivered a solid fiscal first quarter that checked nearly every box and reinforces the bull case heading into Investor Day," the analysts said. They described Oracle's 2027 outlook as "modest" and its management framework as "conservative." "Given the magnitude of fiscal first-quarter outperformance, we see a favorable setup for upward revisions at Investor Day and AI World," they added.

Oracle's stock has declined 21.5% since the beginning of the year, even after Friday's premarket gain. The company's results and guidance come as it expands capacity for AI cloud demand while carrying more than $100 billion in debt.