Oracle Earnings Today: Q2 2026 Results Put AI Cloud Boom — and Debt Fears — Under the Microscope
Oracle’s fiscal Q2 2026 earnings, released after the close on December 10, 2025, delivered exactly what everyone wanted to see on the surface: big AI-driven cloud growth, a massive backlog, and a huge earnings beat. Underneath, though, the numbers also intensify questions about debt, cash burn, and reliance on OpenAI — and that’s why the stock is trading lower after hours. Oracle (ticker: ORCL) reported: Yet ORCL shares are down more than 5% in after-hours trading around $210.85, as investors label the report “mixed” and focus on quality of earnings and balance-sheet risk rather than just the headline beats. Investors+1 Below is a breakdown of what Oracle