Oracle Stock Price Slides as $2.1 Billion Restructuring Bill Tests ORCL’s AI Rally
Oracle shares fell 2.5% to $155.11 Friday after a filing showed it raised its fiscal 2026 restructuring cost estimate to $2.1 billion, mainly for severance. The company reaffirmed $50 billion in capital spending and reported third-quarter revenue of $17.2 billion, with cloud infrastructure revenue up 84%. Oracle underperformed Microsoft and Amazon in late trading.