Oracle stock surges 10.43% as third quarter results exceed Wall Street expectations

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Oracle surges 10.43% to $164.98 today

Highlights

Oracle posted over 20% organic revenue and non-GAAP EPS growth in Q3, marking its best results in 15 years.
Quarterly revenue hit $17.19 billion and remaining performance obligations surged 325% year-over-year, fueled by large AI cloud contracts.
Shares spiked on earnings but face medium-term selling pressure; expected to move sideways in a $157–$171 band as momentum cools.

Earnings beats and AI deals drive record revenue and optimism

On March 10, 2026, Oracle reported its fiscal third quarter results with earnings and revenue surpassing expectations and raising its long-term revenue outlook. The company achieved organic total revenue and non-GAAP earnings per share growth of over 20%, its strongest performance in more than 15 years, with quarterly revenue reaching $17.19 billion, and cloud sales up 44%. Remaining performance obligations climbed 325% year-over-year to $553 billion, largely driven by large-scale AI cloud contracts. Oracle's board also declared a quarterly cash dividend of $0.50 per share, payable April 24, 2026, to shareholders of record as of April 9, 2026.

Mixed technical signals as momentum improves despite weak trend strength

Momentum signals for ORCL are mixed: while the price holds above the Ichimoku Kijun support at $153.23, the MACD on the daily chart remains in 'Strong Sell', and ADX reads a weak trend at 23.04. The RSI on D1 sits in modest sell territory at 43.02, with Stoch RSI and CCI both neutral, suggesting a lack of clear overbought or oversold signals despite the strong upward move; BBP indicates strong buyer dominance at 2.07. ORCL gapped up at the open and trades near the lower end of the day’s range ($164.78 – $171.70), with volatility still high after a $15.58 or 10.43% spike.

Consolidation likely as upward momentum fades and pullback risk rises

In the next five trading days, ORCL is expected to fluctuate within a typical volatility band between $157 and $171. The probability of further upward movement is low (less than 20%), while a pullback is more likely given the prevailing signals on weekly and daily indicators. The baseline expectation is a sideways consolidation in the $157 – $171 range as momentum cools. If ORCL breaks and holds above $171, a quick bullish extension could occur, but a drop below $157 would signal deeper retracement and a reassertion of selling activity.

Anton Kharitonov, Traders Union expert, sees Oracle’s strong quarterly results boosting short-term momentum, but technical signals remain mixed. He believes the recent spike is more likely to be followed by consolidation or pullback, given ongoing selling pressure on higher timeframes. The base scenario is limited upside unless $171 is breached and held. "Until ORCL confirms a break above $171, I remain defensive and expect a range-bound market near current levels."

Last time, analysts noted that Oracle shares surged following a robust quarterly report driven by strong cloud segment growth and improved financials, but the stock remains well below its previous highs amid concerns over heavy AI infrastructure spending. Technical indicators suggest mixed sentiment, with resistance levels defined by prior peaks and investors closely monitoring whether elevated investment outlays will translate into sustainable momentum and supportive trends.

Source of Data: ORCL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.