Oracle Stock (ORCL) Today: AI Backlog, Debt Jitters and Q2 FY 2026 Earnings Preview for December 9, 2025
Oracle shares traded near $221 midday Monday, down about 36% from September’s record high after a surge driven by AI cloud deals. Q2 fiscal 2026 earnings are due after the close December 10, with Wall Street expecting $16.2 billion in revenue and $1.64 adjusted EPS. Options markets are pricing a roughly 11% swing on the results. The stock’s slide follows concerns over rising debt and heavy AI infrastructure spending.