Oracle cloud sales jump 121% to $7.4 billion on AI demand

September 11, 2026 at 01:15 AM1 min

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Oracle reported cloud infrastructure sales of $7.4 billion, up 121% from a year earlier, beating analysts' estimates of $7.19 billion. The company added 850 megawatts of data center capacity in the quarter. Shares gained about 4% in extended trading after closing at $152.94 in New York.

Key Facts

Cloud infrastructure sales reached $7.4 billion, up 121% year-over-year.
Analysts had expected cloud infrastructure sales of $7.19 billion.
Oracle added 850 megawatts of data center capacity in the quarter.
Fiscal first-quarter total sales rose 30% to $19.3 billion.
Adjusted profit was $1.92 per share, above the $1.75 estimate.

Cloud Infrastructure Growth

Oracle's cloud infrastructure business, a key indicator of its AI ambitions, generated $7.4 billion in sales during the fiscal first quarter. The 121% increase exceeded the $7.19 billion average analyst estimate compiled by Bloomberg. The company attributed the growth to large AI data center projects for customers including OpenAI.

Data Center Expansion

Oracle added 850 megawatts of data center capacity during the quarter, underscoring its rapid build-out for AI workloads. The company completed an earlier-announced plan to sell $20 billion of equity at market value from time to time. Ahead of the earnings release, analysts had raised questions about the timing of the at-the-market equity sale.

Financial Results

Total fiscal first-quarter sales rose 30% to $19.3 billion. Adjusted profit was $1.92 per share, beating the $1.75 average estimate. Shares gained about 4% in extended trading after closing at $152.94 in New York. The stock had dropped 38% from its June 1 high for the year on concerns over financing needs and rising component costs.