Oracle's AI Data Center Bet Backed by Record Backlog and Raised Guidance

EarningsAnalyst Impact 4
โดย Zacks Investment Research·US·Read original
Summary · why it matters

Oracle's massive AI data center buildout is supported by a record $638 billion remaining performance obligations backlog and raised fiscal 2027 earnings guidance, according to Zacks Investment Research. The backlog surged 363% year over year, with prepaid and customer-supplied hardware portions totaling $75 billion, reducing Oracle's own capital needs. Cloud infrastructure revenue jumped 93% to $5.8 billion, and the company guided to 27% to 29% total revenue growth for the first quarter of fiscal 2027, with full-year non-GAAP EPS raised to $8.05. Oracle also announced partnerships with Quantinuum and Google Cloud, and does not expect to issue additional debt in 2026. The stock trades at a trailing P/E of 23.02x, above the sector average, but Zacks maintains a Buy rating.

Impact on stocks 5

Artificial Intelligence▲ · 3 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Oracle Corporation
ORCL
▲ PositiveCapitalrelevance

Record backlog and raised guidance support AI data center buildout

Quantum Computing▲ · 1 stocks

Theme Impact 3

Off-coverage companies 1

Zacks Investment Research, Inc.Private± Mixed
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