Oracle Earnings Today: Wall Street Demands Proof AI Spending Will Pay Off
Oracle will report third-quarter results after markets close Tuesday, with investors watching for signs its AI infrastructure spending is paying off. Shares are down over 20% this year as Oracle plans to raise up to $50 billion for cloud expansion. Wall Street expects adjusted earnings of about $1.70 a share on up to $16.9 billion in revenue. The company’s backlog hit $523 billion last quarter, boosted by deals with Meta and NVIDIA.