Oracle reported record revenues of $67.4 billion for fiscal year 2026, up 17%, with explosive 77% growth in its OCI cloud infrastructure segment reaching $18.1 billion. The company, historically a database software provider, is now betting on artificial intelligence infrastructure, as evidenced by an order backlog (RPO) of $638 billion. However, the market punished the stock by 10% following the June earnings release, spooked by negative free cash flow of $23.7 billion and massive capex of $55.7 billion. Oracle shares (ORCL) trade at $147.02 with a market cap of $423 billion, down 41.82% year-to-date but still up 62.67% over five years.
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