Oracle Set to Post Strong Results Amid Tech Infrastructure Spending, Oppenheimer Says
Idag, 18:56
12:56 PM EDT, 05/12/2026 (MT Newswires) -- Oracle's (ORCL) fiscal fourth-quarter results are likely to benefit from robust spending on technology infrastructure, Oppenheimer said in a note emailed Tuesday.
The cloud computing company is scheduled to release its quarterly results in June.
Oracle's largest customers, partners and suppliers showed strong tech infrastructure spending in the calendar first quarter, Oppenheimer analysts Brian Schwartz and Idan Gutkind wrote.
Advanced Micro Devices (AMD), which Oracle counts as one of its largest cloud infrastructure customers, expects the server central processing unit market to reach more than $120 billion by 2030, up from a $60 billion total addressable market previously projected.
This "bodes well for Oracle achieving and/or exceeding (fiscal fourth-quarter) and medium-term guidance since it likely reflects greater than expected IT demand that Oracle will supply to its customers,"Schwartz and Gutkind said.
Oracle's restructuring, which reportedly includes some 30,000 job cuts, is another "positive"development heading into the print, the duo wrote.
Oppenheimer is projecting fourth-quarter earnings per share of $1.98 for Oracle on revenue of $18.9 billion. Analysts in the FactSet poll are looking for non-GAAP EPS of $1.95 and sales of $19.1 billion.
In March, Oracle said it expected reported revenue growth of 19% to 21% in the fourth quarter, with cloud sales seen rising 46% to 50%. Non-GAAP EPS was pegged at $1.96 to $2.
Oracle is also likely to reap gains from "solid bookings growth"from OpenAI, Meta Platform (META), Nvidia (NVDA) and federal government commitments, the brokerage said. Additionally, Microsoft (MSFT) has outsourced its lower-margin training business to Oracle, Oppenheimer said.
In February, Oracle said it was looking to raise up to $50 billion this year to expand its cloud infrastructure business.
Oppenheimer raised its price target on Oracle's shares to $235 from $210, while reiterating its outperform rating on the stock.
Price: 182.11, Change: -11.74, Percent Change: -6.05
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Oracle Set to Post Strong Results Amid Tech Infrastructure Spending, Oppenheimer Says
Idag, 18:56
12:56 PM EDT, 05/12/2026 (MT Newswires) -- Oracle's (ORCL) fiscal fourth-quarter results are likely to benefit from robust spending on technology infrastructure, Oppenheimer said in a note emailed Tuesday.
The cloud computing company is scheduled to release its quarterly results in June.
Oracle's largest customers, partners and suppliers showed strong tech infrastructure spending in the calendar first quarter, Oppenheimer analysts Brian Schwartz and Idan Gutkind wrote.
Advanced Micro Devices (AMD), which Oracle counts as one of its largest cloud infrastructure customers, expects the server central processing unit market to reach more than $120 billion by 2030, up from a $60 billion total addressable market previously projected.
This "bodes well for Oracle achieving and/or exceeding (fiscal fourth-quarter) and medium-term guidance since it likely reflects greater than expected IT demand that Oracle will supply to its customers,"Schwartz and Gutkind said.
Oracle's restructuring, which reportedly includes some 30,000 job cuts, is another "positive"development heading into the print, the duo wrote.
Oppenheimer is projecting fourth-quarter earnings per share of $1.98 for Oracle on revenue of $18.9 billion. Analysts in the FactSet poll are looking for non-GAAP EPS of $1.95 and sales of $19.1 billion.
In March, Oracle said it expected reported revenue growth of 19% to 21% in the fourth quarter, with cloud sales seen rising 46% to 50%. Non-GAAP EPS was pegged at $1.96 to $2.
Oracle is also likely to reap gains from "solid bookings growth"from OpenAI, Meta Platform (META), Nvidia (NVDA) and federal government commitments, the brokerage said. Additionally, Microsoft (MSFT) has outsourced its lower-margin training business to Oracle, Oppenheimer said.
In February, Oracle said it was looking to raise up to $50 billion this year to expand its cloud infrastructure business.
Oppenheimer raised its price target on Oracle's shares to $235 from $210, while reiterating its outperform rating on the stock.
Price: 182.11, Change: -11.74, Percent Change: -6.05
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