Oracle Corporation (ORCL) shares have declined 42.8% over the past six months, significantly underperforming the broader Computer and Technology sector’s 12.8% return and the Computer-Software industry’s 25.8% decline. In January 2026 alone, ORCL’s stock fell an additional 15.6% due to concerns about its capital structure and execution risks. Despite these challenges, Oracle reported a 438% year-over-year increase in Remaining Performance Obligations, totaling $523 billion in contracted revenues during the second quarter of fiscal 2026, mainly through commitments from major tech firms like Meta and NVIDIA.
Oracle aims to raise between $45 billion and $50 billion through debt and equity offerings to expand data center capacity. The company has already deployed approximately 400 megawatts of data center capacity and increased GPU capacity by 50% in Q2. Additionally, Oracle’s cloud revenue grew 34% year over year to $8 billion, with cloud infrastructure revenues increasing by 68% to $4.1 billion.
Despite the struggles, Oracle maintains its full-year revenue guidance of $67 billion for fiscal 2026 and projects an additional $4 billion in revenues for fiscal 2027. The company’s strategic multicloud approach has driven an 817% surge in multicloud database business, embedding Oracle databases across platforms like Amazon and Microsoft, offering Oracle more market reach despite intense competition.
