New York, August 26, 2026, 19:49 – Oracle shares climbed 2.8%, increasing the company’s market capitalisation by $12 billion after Citi pointed to catalysts expected within the next 90 days.
Market snapshot: August 26, 2026, 19:49 EDT (August 27, 01:49 CEST). Regular-session figures unless noted.
+121.7% versus Wednesday's close
| Metric | Value | Growth |
|---|---|---|
| Total revenue | $67.4bn | +17% |
| Total cloud | $34.0bn | +39% |
| Cloud infrastructure | $18.1bn | +77% |
| Cloud applications | $15.9bn | +11% |
| RPO | $638bn | +363% |
RPO equals about 9.5 times annual revenue, but converts over several years.
| Operating cash flow | $32.0bn |
| Capital expenditure | −$55.7bn |
| Free cash flow | −$23.7bn |
| FY26 debt raised | $43bn |
| FY26 equity raised | $5bn |
| Planned FY27 financing | ≈$40bn |
Planned FY27 financing includes a previously announced $20bn at-the-market equity program.
| Company | Close | Daily move | Market value | P/E |
|---|---|---|---|---|
| Oracle | $148.87 | +2.84% | $433.5bn | 26.7× |
| Microsoft | $496.37 | +0.91% | $3.70tn | 29.5× |
| Alphabet | $342.00 | −1.40% | $4.18tn | 17.2× |
| SAP ADR | $211.68 | −2.45% | $247.1bn | — |
August 26 U.S. close; latest trade timestamps ranged from 19:15 to 19:38 EDT.
Average target across 39 analysts tracked by MarketBeat.
| Low | $145 |
| Average | $263.97 |
| High | $400 |
| Average implied upside | 77.3% |
Citi opened a positive 90-day catalyst watch. Oracle also held a financial analyst meeting at 10:45 CT.
Investors will test cloud-capacity delivery, financing costs and signs that the historic selloff is losing force.
| Risk | Investor transmission | Watch point |
|---|---|---|
| Build delays | Defers contracted revenue | Capacity delivery |
| Negative cash flow | Raises external-funding needs | Capex and OCF |
| Equity issuance | Dilutes existing holders | $20bn ATM program |
| Credit pressure | Increases financing costs | Spreads and ratings |
| Customer concentration | Raises contract and renewal sensitivity | RPO mix |
Sources: Oracle investor relations, Citi commentary reported August 26, Yahoo Finance, MarketBeat and consolidated U.S. market data. Market-value changes and peak-value gaps are estimates using the current implied share count; rounding may create small differences.
