Oracle Shares Slide 10% After Q4 Beat as $40 Billion Funding Plan and Cloud Miss Rattle Investors
Oracle beat Wall Street expectations on both revenue and EPS in fiscal Q4, but its $9.91 billion cloud revenue came in slightly below forecasts. The company also outlined a $40 billion capital-raising plan and reported free cash flow of -$23.7 billion, stoking concerns about the payback on its AI-heavy spending. Oracle shares fell 10% on the day, with the stock trading at a forward P/E of 29.1 times, well above sector averages.