Kara Greenberg Thu, September 10, 2026 at 11:30 PM GMT+2 2 min read Through Thursday's close, Oracle shares were down more than 50% from last September's record high.Credit: Damian Lemanski / Bloomberg / Getty Images Key Takeaways Oracle shares surged in extended trading Thursday after the tech giant reported record results and gave a rosy outlook. Revenue from Oracle's cloud infrastructure business more than doubled from a year ago as more data center capacity came online. Oracle's stock is surging on gains in its cloud infrastructure business. Shares of Oracle were up more than 6% in extended trading Thursday, rising after the database and cloud infrastructure giant posted quarterly results that topped analysts' estimates and gave a rosy outlook. Oracle reported adjusted earnings per share of $1.92 on a 30% year-over-year rise in revenue to a record $19.35 billion in its fiscal first quarter. Both figures topped analysts' estimates compiled by Visible Alpha. Oracle said the results reflected "strong execution in our infrastructure business." Revenue from the segment more than doubled to $7.4 billion as the company brought more data center capacity online. "Customer demand for AI Cloud Training and Inferencing Services continues to grow faster than supply," Oracle said in a statement. The company said it booked more than $30 billion of new AI cloud contracts in the quarter without requiring new infrastructure spending. Its backlog rose to a record $664 billion, above the $639.89 billion analysts had called for. Oracle said it expects current-quarter revenue growth of 30% to 34%, and full-year revenue of at least $90 billion, ahead of consensus projections. The results and outlook could help improve confidence in Oracle's stock, which has pulled back over the past year amid worries about its spending on AI infrastructure and exposure to a few large AI companies. Shares of Oracle fell some 5% in Thursday's regular session, leaving them off more than 50% from last September's record highs. Read the original article on Investopedia