Oracle Corporation (ORCL) reported significant growth in its ORCL database business for Q4 of fiscal 2026, with the Oracle Multicloud AI Database expanding 404% year-over-year, marking it as the company’s fastest-growing business. Overall, Oracle generated total fourth-quarter revenues of $19.2 billion, a 21% increase, with cloud revenues surging 47% to $9.9 billion, supported by a 93% growth in cloud infrastructure. Despite a decline in software revenues by 2% to $6.8 billion, total fiscal year revenues reached a record $67.4 billion, up 17% year-over-year.
However, Oracle faced a fiscal 2026 free cash flow deficit of $23.7 billion due to increased capital expenditures for AI data centers. The company plans to raise approximately $40 billion in debt and equity for fiscal 2027, following previously secured funding of $43 billion in debt and $5 billion in equity in fiscal 2026. Looking ahead, Oracle projects total revenues of $90 billion for fiscal 2027 and has revised its non-GAAP earnings-per-share guidance to $8.05.
Oracle’s digital expansion occurs amid competitive pressures from Microsoft and Amazon, who are scaling their own offerings in the cloud database sector. Current market analysis indicates Oracle shares have underperformed, losing 30.6% over six months compared to a 14.9% rise in the Zacks Computer and Technology sector.
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