Oracle

<p>Oracle announced its fiscal year 2026 second-quarter results after the market closed on Wednesday, with revenue and cloud business income both falling short of analyst expectations, and quarterly free cash flow at -$10 billion. The company also raised its full-year capital expenditure guidance, expecting to spend about $15 billion more than previously anticipated. As a result, Oracle's stock price plummeted over 10% in after-hours trading</p>

- Oracle's Q2 earnings report revealed revenues and cloud business performance below analyst expectations, with a free cash flow of -$10 billion and a projected annual capital expenditure increase of $15 billion.  
- The company's remaining performance obligations surged 438% year-over-year to $523 billion, exceeding forecasts, but concerns about the costs and timelines for AI infrastructure development persist.  
- Following the disappointing results, Oracle's stock fell over 10% in after-hours trading, reflecting investor skepticism about the company's ability to convert its backlog into revenue amidst rising debt levels.

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Oracle's performance was below expectations, with capital expenditures approximately $15 billion higher than anticipated, plunging over 10% in after-hours trading | Earnings Report Insights

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