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Oracle (ORCL) is a Growth Juggernaut with Expanding Cloud Footprint and Record Backlog
Oracle Corporation (NYSE:ORCL) is one of the best big tech stocks to buy right now. Oracle entered fiscal 2026 with one of its most ambitious growth blueprints to date. As per their latest guidance, management is targeting more than $67 billion in total revenue for 2026, representing 16% year-over-year expansion. The key driver is the company's cloud business, where revenue is projected to climb over 40%, with cloud infrastructure surging more than 70%. To keep pace with rising demand, Oracle plans to boost capital spending to more than $25 billion in FY 2026, up from $21.2 billion last year. The funds will go toward a large-scale expansion of its cloud footprint, with the company aiming to operate more data centers than any of its major cloud rivals. Ken Wolter/ The sales pipeline is also strengthening. Remaining performance obligations have climbed to $138 billion, up $8 billion from the previous quarter and 41% higher than a year ago, pointing to healthy forward revenue visibility. Management expects this figure to more than double in FY 2026, reflecting strong demand and long-term contract wins. Interestingly, this RPO figure partially includes some flow from the ambitious Project Stargate. But management believes that full benefits from these initiatives are still to be seen, and there is upside to it. Not only that, Oracle has raised the bar on its longer-term guidance. The company now expects to surpass its prior revenue target for FY 2027 and is confident it will meet or beat its FY 2029 goal. For investors, the combination of high-velocity cloud growth, unprecedented infrastructure build-out, and robust contract backlog positions Oracle as a compelling large-cap growth opportunity in the enterprise technology sector. Oracle Corporation (NYSE:ORCL) offers an extensive suite of cloud applications, platform services, and engineered hardware systems. While we acknowledge the potential of ORCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best Defensive Stocks to Invest in According to Analysts and 10 Best Large Cap Tech Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Riley Exploration Permian (REPX) Q2 Results Top Estimates amid Operational Challenges
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Caution Builds Around Tesla (TSLA) with Delivery Decline and Bearish Price Targets
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