NEW YORK, March 2, 2026, 18:21 (ET) — Trading after the bell
- Oracle shares climbed roughly 2.6% to $149.25 in after-hours trading Monday.
- The company’s cloud ambitions are getting a $45-$50 billion push, with a debt-and-equity plan locked in for 2026.
- Oracle is set to deliver its next earnings report on March 9. Investors are zeroed in on cloud growth and spending this time around.
Oracle shares climbed 2.6% to $149.25 in after-hours action Monday, having hit $150.15 during the session. Trading volume hit roughly 22.4 million shares.
The regular session wrapped, so Tuesday will test if the move holds. Oracle’s stock now trades on a tricky pair: rapid cloud growth—plus the hefty spending needed to keep that momentum going.
Oracle last month put out plans to pull in $45 billion to $50 billion in gross proceeds during calendar 2026, aiming to pump up its Oracle Cloud Infrastructure business. The breakdown: about half equity, half debt. That includes a $20 billion “at-the-market” program, meaning Oracle could drip shares into the market at current prices as needed. Oracle Investor Relations
The funding plan has put Oracle’s stock in the spotlight, especially as its connections to major AI clients come under the microscope. “Oracle’s fortunes are now heavily tied to OpenAI,” said Russ Mould, investment director at AJ Bell. Reuters
The stock climbed even as U.S. indexes posted uneven moves. S&P 500 edged up just 0.04%, the Dow dropped 0.15%. Microsoft picked up 1.48%, but Alphabet slid over 1.6%, according to MarketWatch. MarketWatch
Investors are still feeling the sting. Back in December, Oracle called for third-quarter revenue growth between 16% and 18%, paired with an adjusted profit outlook of $1.64 to $1.68 per share—each undercutting analysts’ projections—as higher spending came with Oracle’s AI infrastructure buildout. Reuters
Oracle offloaded 100 million depositary shares linked to its 6.50% Series D mandatory convertible preferred stock, according to a February 2 SEC filing. These shares, which carry a dividend and eventually convert to common stock, started trading on the NYSE under the ORCL-PRD ticker, the filing said. SEC
Still, the core risk remains: funding and execution. Oracle must roll out data centers and scale cloud capacity quickly to deliver on its contracts. All this has to happen while keeping debt, dilution, and construction hiccups from sapping the narrative.
Credit investors haven’t made things easy for Oracle. Bondholders filed a lawsuit against the company back in January, citing losses connected to its AI expansion. In December, according to Reuters, Oracle saw the price of credit-default swaps — which act as a type of insurance on its bonds — shoot higher, though those costs later pulled back. Reuters
Earnings are up next. Oracle is slated to report on March 9, per Investing.com, with analysts looking for about $1.71 per share in profit and revenue near $16.91 billion. Those figures will turn attention to cloud growth, spending levels, and whether the company is on track with its 2026 funding plan. Investing.com
