Oracle raises its fiscal 2026 revenue forecast, boosting stock price by 6%.

• Oracle's revenue forecast for fiscal 2026 is now at least $66 billion, which is $1.5 billion higher than the analysts' predictions.
• Capital spending also will increase.
• In the 2029 fiscal year, the company anticipates generating more than $104 billion in revenue.

On Thursday, the database software maker's shares rose about 6% in extended trading after raising its fiscal 2026 revenue guidance and issuing a forecast for the 2029 fiscal year.

At an analyst meeting held during the Oracle CloudWorld conference in Las Vegas, the company announced that it expects to generate at least $66 billion in revenue by fiscal 2026. Analysts surveyed by LSEG had predicted $64.5 billion in revenue for the same period.

Oracle's stock is experiencing a record high after gaining around 15% in the past three trading sessions, with the company's quarterly results exceeding expectations. This has resulted in a 55% increase in the stock's value for the year, placing it second only to Nvidia among large-cap tech companies.

Oracle sometimes provides guidance for multiple years ahead. On Thursday, the company announced that it anticipates over $104 billion in revenue and a 20% increase in earnings per share for the 2029 fiscal year.

CEO Safra Catz stated at the event that the numbers should not be a problem. She emphasized on partnerships that will enable companies to utilize Oracle database software through top-tier cloud providers, and she pointed to the Amazon relationship that Oracle announced on Monday.

In the most recent quarter, the company's cloud infrastructure revenue experienced a 45% growth, which was faster than the growth rates of Amazon, Google, and Microsoft.

Oracle's cloud unit has started accepting orders for a cluster of over 131,000 next-generation "Blackwell" graphics processing units from NVIDIA.

Catz anticipates that capital expenditures will double in the current 2025 fiscal year as Oracle aims to increase revenue.

Alex Zukin of Wolfe says investors are adopting a "longer term" outlook on Oracle.