On September 12th, cloud computing and database software manufacturer Oracle raised its revenue guidance for the fiscal year 2026 and announced satisfying expectations for the fiscal year 2029, which pleased investors. Encouraged by this news, Oracle's stock price rose by about 6% in after-hours trading on Thursday.

During the analyst conference held at the Oracle CloudWorld event in Las Vegas, the company stated that based on the optimistic prospects of its cloud business, it currently expects a revenue of at least $66 billion for the fiscal year 2026, surpassing the general analysts' expectation of $64.5 billion.

With the expansion of Oracle's revenue expectations, CEO Safra Catz also predicted during the conference that the company's capital spending for the fiscal year 2025 will double.

Super optimistic guidance

Oracle's 'good days' will continue. Earlier this week, the company announced quarterly performance that exceeded expectations, with profits and bookings surpassing market expectations. This indicates that the demand for artificial intelligence continues to drive the cloud computing business, leading to a 15% increase in stock price over the past three trading days, reaching a new all-time high.

The stock has risen by 55% this year, second only to Nvidia among large technology companies.

Oracle also provided long-term performance guidance this time. The company said on Thursday that it expects to exceed $104 billion in revenue in the 2029 fiscal year, surpassing the trillion-dollar mark, with an annual EPS growth of about 20%.

CEO Catz pointed out at the event, "These numbers shouldn't be a problem." Given Oracle's partnership with Amazon, Google, and Microsoft, some enterprise customers will be allowed to use Oracle's database software through these top cloud providers. Oracle announced its partnership with Amazon AWS earlier this week (September 9).

As enterprises move workloads from data centers to the cloud, Oracle has generated more revenue. However, the company is not stopping there and is also trying to achieve growth in the field of artificial intelligence. On Wednesday (September 11), Oracle announced that its cloud computing department has started to introduce orders for more than 1.31 million next-generation 'Blackwell' graphic processors from Nvidia.

In addition, Oracle recently stated that it is considering adopting next-generation nuclear energy technology to support the operation of its super data centers. Oracle Chairman Larry Ellison announced during the earnings conference call that the company is designing a data center expected to require over 1 gigawatt of electricity, to be powered by three small nuclear reactors.

The potential of small modular nuclear reactors is promising, with powers not exceeding 300 megawatts, and is expected to be able to deploy carbon-free energy more quickly. However, some analysts estimate that small modular reactors will not achieve commercialization in the United States until the 2030s.

Ellison stated that the company's planned reactors have already obtained construction permits and locations have been determined.