Oracle stock: Company commits to absorb $300 million in Wisconsin energy costs
Published on 10/06/2026 at 20:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Oracle stock is in focus after the company announced a commitment to subscribe to part of the electricity generated by Wisconsin’s Point Beach Nuclear Plant. Oracle said on October 2, 2026, that the arrangement is expected to save Wisconsin utility customers approximately $300 million in fuel costs. The planned subscription remains subject to approval by the Public Service Commission of Wisconsin, according to the Oracle press release.
Wisconsin power commitment
Oracle said the planned commitment builds on Project Lighthouse, its data center development in Port Washington. The company also said it will fully fund Project Lighthouse’s energy costs and that the project is expected to generate more than $11 billion for the local economy, create more than 4,000 skilled construction jobs over three years and support 1,000 ongoing operations positions. These statements were made in the company’s October 2 announcement, which identified Oracle Corporation as the actor.
First-quarter cloud growth
In its September 10, 2026, Q1 FY27 results release, Oracle reported total revenue of $19.3 billion, up 30% in U.S. dollars and constant currency. Cloud revenue rose 62% to $11.6 billion, including 121% growth in cloud infrastructure revenue to $7.4 billion. Oracle reported GAAP earnings per share of $1.56 and non-GAAP earnings per share of $1.92. The company’s release also said remaining performance obligations increased by $209 billion year over year to $664 billion. Oracle provided Q2 FY27 revenue growth guidance of 30% to 34% in constant currency and U.S. dollars. The figures and guidance are from the Oracle earnings release.
