Oracle Corporation shares spiked roughly 8 percent in late trading on Tuesday, March 10, 2026, after the software maker reported fiscal third-quarter results that exceeded Wall Street estimates. The Austin, Texas-based company posted adjusted earnings of $1.79 per share, beating projections by 5.3 percent, on total quarterly revenues of $17.19 billion, representing a 22 percent year-over-year increase.
The market reaction was driven by unprecedented demand for Oracle’s artificial intelligence infrastructure. The company’s Remaining Performance Obligations (RPO), a metric tracking future contracted revenue, surged 325 percent year-over-year to $553 billion.
Cloud and Database Segments Drive Growth
Oracle reported extreme growth within its specific cloud segments during the quarter. Multicloud Database revenues increased by 531 percent, while AI infrastructure revenues rose 243 percent year-over-year. The surge reflects a massive corporate transition to capture the global demand for generative AI workloads.
To support this expansion, Oracle recently raised $30 billion through investment-grade bonds and preferred stock. The capital is designated to fund data center expansion. Through various partnerships, Oracle has secured more than 10 gigawatts of power and data center capacity scheduled to come online over the next three years. In the third quarter alone, the company delivered over 400 megawatts to customers.
ORCL Q3 FY2026 EARNINGS PREVIEW
REPORTS: Today Post-Market
THE SETUP:
Street EPS: $1.70 (Non-GAAP)
Street Revenue: $16.91BALPHATICA ESTIMATES:
EPS: $1.72
Revenue: $16.85B
Initial Stock Reaction: UPOUR CALL: Slight EPS beat. Slight revenue miss.
The numbers should come in… pic.twitter.com/0gXHSeypaj
— Alphatica (@alphaticaio) March 10, 2026
ETF Exposure and Institutional Reallocation
The sudden jump in Oracle’s valuation heavily impacted exchange-traded funds holding significant positions in the stock. The Pacer Data and Digital Revolution ETF (TRFK) currently maintains an 8.04 percent allocation in Oracle, while the FT Vest Technology Dividend Target Income ETF (TDVI) holds a 5.42 percent weighting. These funds experienced volume increases during Wednesday’s trading session as investors sought diversified exposure to the stock’s momentum.
The broader market’s focus on artificial intelligence has triggered intense capital reallocation across Wall Street, with billion-dollar AI bets reshaping institutional portfolios. Oracle’s position as a primary data center provider places it at the center of this capital expenditure cycle.
Looking ahead, Oracle management officially lifted its fiscal 2027 revenue outlook to $90 billion based on current contracted demand.