Oracle Forecasts 44-48% Q4 Cloud Growth with 90% OCI Surge
ORCL•Oracle's Q4 cloud revenue is guided to grow 44-48% year-over-year with OCI expected to surge 90% and remaining performance obligations to add $36 billion, as analysts forecast $1.96 EPS on $19.1 billion revenue. Options traders price a 13% swing and Oracle plans $45–50 billion financing in 2026 under new CFO Hilary Maxson.
1. Q4 Cloud and OCI Guidance
Oracle has guided its fiscal Q4 cloud revenue to grow 44-48% year-over-year, up from 41% in Q3 and 33% in Q2, driven by AI demand and easing capacity constraints. Oracle Cloud Infrastructure is expected to deliver 90% growth while net remaining performance obligations are set to climb by approximately $36 billion, excluding the future OpenAI contract.
2. Earnings Estimates and Options Volatility
Analysts forecast Q4 EPS of $1.96, a 15.3% increase, on $19.1 billion in revenue representing 20% growth. Options market activity is pricing in a nearly 13% post-earnings move, slightly below the stock’s 16% average swing, while Oracle’s backlog stands at $553 billion in remaining performance obligations.
3. Financing Plans and CFO Transition
Oracle plans to secure $45–50 billion in financing during 2026 to support its AI infrastructure expansion and cloud investments. New CFO Hilary Maxson, formerly Schneider Electric’s Group CFO, will oversee capital intensity, operating margins and funding strategy amid expectations of a 300 basis-point margin impact as OCI gains share.
