Oracle shares jump more than 4% after hours after $19.35 billion quarterly revenue and raised FY27 target to at least $90 billion

Oracle's after-hours rise follows a strong quarter and higher long-term targets. Revenue and adjusted EPS beat expectations, while OCI growth and a sharply larger AI-related backlog signal accelerating cloud momentum. New AI contracts and customer prepayment structures partially mitigate concerns about heavy capex despite negative free cash flow. Strength in multicloud database adoption also supports a more resilient enterprise demand narrative.