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canonical_url: "https://aidr.today/8717cecb?lang=en"
title: "Oracle AI Backlog Hits $664 Billion Following 121% Infrastructure Revenue Jump"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
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published_at: "2026-09-10T23:46:50.000Z"
category: "Industry"
topics: ["oracle","infra","cloud","chips","data-center","anthropic","claude","regulation"]
source_urls: ["https://huggingnews.com/earnings/oracle-ai-backlog-hits-664-billion-following-121percent-infrastructure-r-a33de15f","https://x.com/wallstengine/status/2098142288878932201","https://x.com/TheTranscript_/status/2098149059509002309","https://x.com/TheTranscript_/status/2098150602283098477","https://x.com/AlphaSenseInc/status/2098175922566488513","https://x.com/wallstengine/status/2098144293785588032","https://x.com/ShanuMathew93/status/2098158768898904115","https://x.com/FirstSquawk/status/2098161201541001617"]
summary: "Oracle reported first quarter revenue of $19.3 billion, exceeding the $19.14 billion estimate, driven by a jump in cloud infrastructure sales to $7.4 billion. Remaining performance obligations reached $664 billion, an increase of $209 billion year over year, after the company booked more than $30 billion in new AI cloud contracts. Adjusted earnings per share were $1.92, beating expectations of $1.74, while shares rose more than 6% in after hours trading. Quarterly capital expenditures more than tripled year over year to $28.5 billion to support the delivery of 850 megawatts of AI capacity and over 300,000 GPUs since the end of the previous quarter. CEO Clay McGurk noted that demand for AI cloud training and inferencing services continues to grow faster than supply. Most new AI orders utilized prepayments or customer-supplied hardware, which limits the company's need for additional capital raises."
---

# Oracle AI Backlog Hits $664 Billion Following 121% Infrastructure Revenue Jump

> [Open the canonical story](<https://aidr.today/8717cecb?lang=en>)

**Published:** 2026-09-10T23:46:50.000Z
**Category:** Industry
**Topics:** oracle, infra, cloud, chips, data\-center, anthropic, claude, regulation

## Summary

Oracle reported first quarter revenue of $19\.3 billion, exceeding the $19\.14 billion estimate, driven by a jump in cloud infrastructure sales to $7\.4 billion\. Remaining performance obligations reached $664 billion, an increase of $209 billion year over year, after the company booked more than $30 billion in new AI cloud contracts\. Adjusted earnings per share were $1\.92, beating expectations of $1\.74, while shares rose more than 6% in after hours trading\. Quarterly capital expenditures more than tripled year over year to $28\.5 billion to support the delivery of 850 megawatts of AI capacity and over 300,000 GPUs since the end of the previous quarter\. CEO Clay McGurk noted that demand for AI cloud training and inferencing services continues to grow faster than supply\. Most new AI orders utilized prepayments or customer\-supplied hardware, which limits the company's need for additional capital raises\.

## Sources

- [Story source](<https://huggingnews.com/earnings/oracle-ai-backlog-hits-664-billion-following-121percent-infrastructure-r-a33de15f>)
- [Story source](<https://x.com/wallstengine/status/2098142288878932201>)
- [Supporting source](<https://x.com/TheTranscript_/status/2098149059509002309>)
- [Supporting source](<https://x.com/TheTranscript_/status/2098150602283098477>)
- [Supporting source](<https://x.com/AlphaSenseInc/status/2098175922566488513>)
- [Supporting source](<https://x.com/wallstengine/status/2098144293785588032>)
- [Supporting source](<https://x.com/ShanuMathew93/status/2098158768898904115>)
- [Supporting source](<https://x.com/FirstSquawk/status/2098161201541001617>)