Oracle misses on quarterly revenue as questions about AI infrastructure spending and debt drive stock slide
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REUTERS/Robert Galbraith 2025-12-10T22:05:27.292Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt.
Impact Link Save Saved Read in app Add us on This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Oracle missed its quarterly revenue estimates, causing its shares to fall by more than 6% after hours. Despite the miss, Oracle still saw 14% year-over-year revenue growth in the quarter ending November 30. Oracle has leaned into AI, betting big on massive data center expansion to win more business. Oracle missed its quarterly revenue. Oracle shares slid more than 6% on Wednesday in after-hours trading, after the software giant posted quarterly results that fell short of Wall Street's revenue expectations.Here's how the numbers stacked up against estimates: Adjusted EPS: $2.26 vs. $1.64 expectedRevenue: $16.06 billion vs. $16.21 billion expectedDespite the miss, Oracle still saw 14% year-over-year revenue growth in the quarter ending November 30. Net income jumped to $6.14 billion, or $2.14 per share, up sharply from $3.15 billion, or $1.13 per share, a year earlier. The results drop as Oracle leans heavily into the AI frenzy, betting big on massive data center expansion to win more business.In its September earnings report, Oracle stunned Wall Street with a surge in cloud bookings tied to AI workloads, a boom that sent the stock to a record high. But the rally didn't last. Shares have since tumbled roughly a third as investors grow skittish about the enormous capital required to keep building data centers and whether Oracle's biggest customer, OpenAI, can actually deliver on the multibillion-dollar cloud commitments it's making. "Capex & financing needs have been the biggest investorquestion over the last two months, weighing on the stock," wrote Derrick Wood, an analyst at TD Cowen.This is a developing story; please check back for updates.