Oracle’s shares are experiencing an upward movement, largely driven by strong financial performance and positive analyst sentiment following its recent fiscal fourth-quarter and full-year 2026 earnings report. The company announced record total revenues and cloud revenues, significantly exceeding market expectations. For fiscal year 2026, total revenues grew to $67.4 billion, with cloud revenues increasing 39% to $34.0 billion. Quarterly revenue also reached a record $19.2 billion. Non-GAAP earnings per share (EPS) for both the quarter and full year also surpassed analyst estimates.

A key factor contributing to the positive sentiment is the massive, AI-driven backlog. Oracle reported that its Remaining Performance Obligations (RPO)…