Oracle chairman and chief technology officer Larry Ellison speaks at the Oracle OpenWorld conference in San Francisco on Sept. 16, 2019.
Justin Sullivan | Getty Images News | Getty Images
Oracle shares slid in extended trading on Monday after the database software company reported fiscal second-quarter results that fell short of analysts’ estimates.
Here is how Oracle did compared to LSEG consensus:
- Earnings per share: $1.47 adjusted vs. $1.48 expected
- Revenue: $14.06 billion vs. $14.1 billion expected
Oracle’s second-quarter sales grew 9% year over year.
In September, Oracle it raised its fiscal 2026 revenue guidance to $66 billion, which was about $1.5 billion more than what analysts projected. During that month, Oracle also announced that its cloud unit would start taking customer orders for so-called computing clusters derived from over 131,000 Nvidia “Blackwell” graphics processing units, used for AI-model training and related tasks.
The stock is up more than 80% this year, headed for its best annual performance since 1999.
