Oracle Q4 Earnings Preview: Expect AI Demand to Push ORCL Stock Even Higher

Oracle's Q4 earnings preview hints that AI demand could push ORCL stock higher. The company is due to report fiscal fourth-quarter 2026 results after the market closes on Wednesday, June 10. Oracle shares have risen more than 40% in three months as AI infrastructure and cloud computing demand accelerates. Investors are assessing how Oracle will finance its expanding AI footprint after Alphabet's $80 billion capital raise. In February, Oracle outlined plans to raise up to $50 billion via debt and equity, with no further bond issuance planned in 2026 beyond that target. Since then, the company has raised roughly $30 billion through bond offerings and mandatory convertible preferred stock to support AI deployment. Management notes that many large AI contracts require only limited incremental capital from Oracle. In Q3, revenue was $17.2 billion, up 22% year over year, with cloud revenue up 44% and software up 3%. Momentum in multicloud database and AI infrastructure should carry into Q4 as AI spending remains robust.