Oracle to report Q4 earnings amid AI trade jitters

Oracle reports its fourth-quarter earnings after the bell on Wednesday, amid AI trade jitters and the growing interest in AI IPOs from Anthropic and OpenAI. Analysts expect $1.97 per share on $19.0 billion in revenue, up from $1.70 and $15.9 billion a year earlier. Oracle’s Cloud business is forecast to reach $9.99 billion, with Cloud Applications at $4.16B and Cloud Infrastructure at $5.17B, while remaining performance obligations are projected at $589.5 billion, up 327% year over year. Oracle counts OpenAI as a major customer, highlighted by a $300 billion, five-year deal signed in 2025. Year-to-date, Oracle stock is up about 4.8%, with a 12‑month gain near 15%.