Oracle reported capital expenditures of $55.7 billion for the fourth fiscal quarter of 2026, exceeding its own forecast of $50 billion. The spending was directed toward the expansion of data centers focused on artificial intelligence.
The company's cloud infrastructure revenue grew by 93% year-over-year to $5.8 billion. Total cloud revenue, encompassing both infrastructure and software-as-a-service, rose 47% to reach $9.9 billion.
Oracle's remaining performance obligations reached a record $638 billion. This figure represents the total value of contracts secured by the company that have not yet been recognized as revenue.
Market participants are currently awaiting the first fiscal quarter results for 2027. Investors are monitoring whether the company can maintain its current growth trajectory amidst broader economic conditions.
