Oracle Corp stock gains 1.88 percent as cloud revenue jumps 62 percent

Published on 10/06/2026 at 18:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oracle Corp stock traded at USD 145.16 on October 6, 2026, while fiscal Q1 revenue reached USD 19.3 billion. RPO rose to USD 664 billion.

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Oracle Corp stock was trading at USD 145.16 on the NYSE on October 6, 2026 at 12:02 p.m. ET, up 1.88 percent from the previous close. The move followed a fiscal first quarter in which cloud revenue rose 62 percent to USD 11.6 billion.

Cloud growth sets the tone

According to Oracle on September 10, 2026, fiscal Q1 FY2027 revenue increased 30 percent to USD 19.3 billion. Cloud infrastructure revenue rose 121 percent to USD 7.4 billion, making infrastructure the clearest driver of the quarter.

GAAP earnings per share climbed 55 percent year over year to USD 1.56, while non-GAAP earnings per share increased 30 percent to USD 1.92. Operating cash flow reached USD 23 billion, up 184 percent, but free cash flow was negative USD 5 billion as Oracle expanded its infrastructure capacity.

Backlog reaches USD 664 billion

Oracle booked more than USD 30 billion of additional AI cloud contracts in fiscal Q1, lifting remaining performance obligations to USD 664 billion, up USD 209 billion from the prior year. The company also delivered more than 300,000 GPUs to AI cloud customers after adding 850 megawatts of data-center capacity.

The growth comes with a heavy funding requirement. Oracle sold USD 20 billion of common stock through its at-the-market equity program during the quarter, while its guidance calls for fiscal 2027 revenue of at least USD 90 billion and non-GAAP earnings per share of USD 8.10, according to Oracle.

Consensus target stays above the stock

MarketBeat reported on October 6, 2026, that 45 analyst ratings produced a Moderate Buy consensus and an average price target of USD 251.72. That target lies 73.4 percent above the October 6 price of USD 145.16, although the same report highlighted spending, debt, negative free cash flow and data-center execution as key risks.

Oracle Corp stock had a 52-week range of USD 114.50 to USD 322.54 on October 6, 2026. The distance from the current price to the yearly high leaves the market focused on whether the USD 664 billion backlog can become recognized revenue quickly enough to justify the infrastructure buildout.

Oracle stock holds above USD 145

Oracle Corp stock was last at USD 145.16 on the NYSE on October 6, 2026 at 12:02 p.m. ET, with a market capitalization of USD 418.1 billion and volume of 7,393,359 shares.