Oracle's Best Day Since 1992 Puts Ellison on Top of the World's Richest List

Oracle shares had their best day since 1992, skyrocketing 36% and adding $244 billion in market value as surging AI-driven cloud demand pushed the company toward a $1 trillion valuation. The surge boosted founder Larry Ellison's fortune by $100 billion, making him the new world's wealthiest person. CNBC reports: The company said Tuesday after the bell that it has $455 billion in remaining performance obligations, up 359% from a year earlier. "This is a very historic kind of print right here from Oracle with this backlog," Ben Reitzes, technology research head at Melius Research, told CNBC's "Closing Bell: Overtime" on Tuesday. "The Street was looking for about $180 billion in RPO and they're talking about a number that is a multiple of that. That is astounding."

Oracle now sees $18 billion in cloud infrastructure revenue in fiscal 2026, with the company calling for the annual sum to reach $32 billion, $73 billion, $114 billion and $144 billion over the subsequent four years. Other analysts were left "blown away" and "in shock." D.A. Davidson's Gil Luria called it "absolutely staggering on CNBC's "Fast Money." Wells Fargo analysts said it was a "momentous confirmation" of the AI trade.

Oracle's cloud revenue projections overshadowed an otherwise lackluster fiscal first-quarter report in which the company missed expectations on the top and bottom lines. The company had earnings of an adjusted $1.47 per share for the quarter, just below the $1.48 per share expected by analysts polled by LSEG. Revenue for the first quarter came in at $14.93 billion, missing the $15.04 billion expected.

Just a friendly reminder

[rsilvergun]

Oracle is built from the ground up using stolen technology paid for by taxpayer dollars in public universities.

You would be hard-pressed to find a billionaire that would still be a billionaire without government money. Your money.

But remember the real problem here is poor kids getting free school lunch.

Re:

[jfdavis668]

But it did successfully kill DB2.

Re:Just a friendly reminder

[drinkypoo]

You mean This DB2 that IBM is stills selling [ibm.com] and is an integral part of a whole family of IBM servers?

Re:

[jfdavis668]

Actually, no. The version that ran on System 360 etc.

Re:

[drinkypoo]

Oh so you mean the Db2 that is still part of IBM i [wikipedia.org] (nee AS/400) which is still being sold as replacement for older systems as it will run their software, and still getting updates?

Funny that 1992

[ebunga]

That's when the last AI hype cycle ended.

Re:

[jfdavis668]

He did, but the hard drive was thrown away by accident.

Back catalog

[jrq]

Just wait and see when Oracle calls in the licenses for the document parsing OutsideIn (formally, Stellent), like they did for JDKs.
OutsideIn being the industry-standard for parsing and scraping all the document formats going back years.(WordPerfect archives, anyone?).
Need to feed your LLM with documents from the mid '80s on?
Get your stock now, before it really blasts off!

I wish

[registrations_suck]

I wish I had invested everything I own in Oracle last week.

Re:

[Local ID10T]

Do it this week. There is still time before the bubble pops.

When you get on the bus is not as important as jumping off before the crash.

ORACLE

[Sebby]

One
Rich
Asshole
Called
Larry
Ellison

Surprising Background

[Thelasko]

This CNBC article [cnbc.com] had a surprising quote:

The big hyperscalers like Microsoft and Google, he said, have instituted a strategy of “offloading their capacity to other data center providers.” That’s leading businesses to use Oracle. “These are not organic customers to Oracle,” said Luria, who recommends holding the stock. “This is Microsoft, Google and Amazon’s customers that will use Oracle capacity.”

So the Big 3 cloud providers don't own their own data centers

Prognostications

[larryjoe]

Telsa's stock is much higher than fundamentals would dictate based on a Elon's prognostications that self-driving cars are imminent. Oracle's stock shot up today based on prognostications that its data centers would grow more than 10x in the next 5 years. Neither claim is believable. Oracle is saying that an extrapolation of its recent one-quarter cloud growth projected over 20 quarters will make it competitive in size with AWS and Azure, something that Google Cloud has failed to accomplished over many y

Ellison

[cirby]

Richest man in the world, but 90%+ of the population has no freakin' idea who he is or why he's important.

The earnings miss

[madbrain]

Was the real news - what actually happened. The forecast is optimistic, and rather long-term - 4 years out. I'm skeptical that it will be realized. Some investors obviously disagree and bid up the stock 40%. Time will tell if it was warranted.