Oracle Corp (NYSE:ORCL) stock fell as investors reacted to aggressive infrastructure spending plans after the company reported its fourth-quarter results and gave its capital outlay plans.

The tech giant’s shares dipped following the disclosure that fiscal year 2027 net capital expenditures are projected to climb to around $70 billion to fuel massive AI demand.

Earnings Highlights

Oracle reported revenue of around $19.18 billion, beating estimates of approximately $19.10 billion, according to Benzinga Pro.

Revenue rose 21% year over year (Y/Y), driven by robust performance across cloud infrastructure and cloud applications.

Adjusted operating income grew 22% Y/Y to $8.6 billion, benefiting from strong top-line growth and operational leverage.

Adjusted earnings grew 24% year-over-year to $2.11 per share, beating analyst estimates of $1.96 per share. 

Read Also:

Oracle Stock Recovery Setup: What It Takes To Reclaim All-Time Highs

Operating cash flow reached $32 billion, representing 54% Y/Y growth, while the company invested heavily in expansion with $48 billion in net capital expenditures in the year.

Other Key Metrics

Remaining Performance Obligations (RPO) surged to a record $638 billion, up 363% Y/Y in the quarter.

Management noted that about 12% of RPO is expected ...