AI Surge Drives 84% Increase in Cloud Infrastructure: Oracle Boosts Performance and Guidance

Oracle Corporation (ORCL) reported fiscal 2026 third-quarter results with revenue of $17.2 billion, up 22% year over year (approximately ₩22 trillion). Cloud revenue rose 44% to $8.9 billion (about ₩12 trillion), while cloud infrastructure revenue surged 84%, underpinned by strong AI demand.

Remaining performance obligations reached $553 billion (roughly ₩700 trillion), a 325% increase, as large AI contracts built a long-term revenue pipeline. The company has begun executing a capital-raising plan of up to $50 billion (around ₩65 trillion), securing $30 billion so far through investment-grade bonds and convertible preferred stock.

Over the past 12 months, Oracle generated $23.5 billion (about ₩30 trillion) in operating cash flow and has continued substantial capital expenditures to expand its data centers. The board declared a quarterly dividend of $0.50 per share. CEO Clayton M. Magawork sold 10,000 common shares, realizing approximately $1.55 million (around ₩2 billion).

In official materials released the same day, the results exceeded market expectations. With accelerated growth in cloud infrastructure, the company issued full-year 2027 revenue guidance of $90 billion (about ₩117 trillion), signaling ongoing AI-related cloud demand.

Meanwhile, Oracle plans to raise up to $50 billion in debt and equity during 2026 to support its AI cloud infrastructure expansion, drawing some concern from credit rating agencies over higher capital spending and increased leverage.

Oracle, a U.S. IT company that grew on enterprise software such as databases and ERP, has recently made Oracle Cloud Infrastructure its core growth engine, focusing on AI-workload-dedicated data centers and cloud services.

In the highly competitive global cloud infrastructure market—against players like Microsoft, Amazon and Google—providers securing long-term contracts with major AI model operators are seeking to differentiate themselves through the scale of data-center investment and speed of revenue generation.