Oracle's AI backlog surged 363% to $638 billion year-over-year, driven by OCI growth and OpenAI deals, but stock fell on $55.7B capex and negative free cash

Oracle reports Q4 FY2026 earnings today with analysts expecting $19.1 billion in revenue. Cloud growth, AI infrastructure demand, and $553B backlog in

Oracle posted $17.2 billion in Q3 FY2026 revenue with AI infrastructure spending up 243% YoY. Cloud revenue hit $8.9 billion as backlog surged to $553

Q4 sales climbed 21%, but Wall Street more interested in $70B buildout bill