Oracle shares gain on higher fiscal 2026 revenue forecast [Video]

Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year.

At an analyst meeting coinciding with the Oracle CloudWorld conference in Las Vegas, the company said it now sees at least $66 billion in fiscal 2026 revenue. Analysts surveyed by LSEG were anticipating $64.5 billion.

Oracle’s good week is continuing. Shares gained around 15% the past three trading sessions and are trading at a record after the company announced quarterly results that topped expectations. The stock is now up 55% for the year, behind only Nvidia among large-cap tech companies.

Oracle sometimes also gives guidance multiple years out. The company said on Thursday that, looking out to the 2029 fiscal year, it sees over $104 billion in revenue, along with year-over-year growth in earnings per share of 20%.

“Those numbers should …