Oracle’s stock surges following $30 billion annual cloud deal disclosure in filing

Oracle saw a significant increase in their share price, rising to an all-time high after a recent filing revealed a cloud deal that could potentially bring in over $30 billion in annual revenue. CEO Safra Catz is anticipated to announce this deal at an upcoming company meeting. The expected revenue stream from this deal is projected to commence in the 2028 fiscal year.

“Oracle is off to a strong start in FY26,” Catz is expected to mention in the filing. “Our MultiCloud database revenue continues to grow at over 100%, and we signed multiple large cloud services agreements including one that is expected to contribute more than $30 billion in annual revenue starting in FY28.”

Although the details of the deals that Catz will disclose on Monday will not disrupt the company’s guidance for 2026, Oracle’s shares have surged by more than 33% this year. This growth can be attributed to the overall expansion of the cloud industry and the increasing prevalence of artificial intelligence technologies. Notably, the company recently experienced its most successful week since 2001 after reporting strong earnings.

Oracle has also been actively engaged in various AI ventures, such as the Stargate collaboration with OpenAI and SoftBank aimed at investing billions in enhancing AI infrastructure. Additionally, the company has launched projects in the United Arab Emirates and partnered with IBM for a new AI initiative last month.

The future looks promising for Oracle, with the company’s share price hitting a record high. Despite the technological advancements and ongoing collaborative efforts in the AI space, Oracle is focused on maintaining its competitive edge and further solidifying its position in the market. This strategic approach is underscored by the company’s continuous efforts to innovate and diversify its offerings in the ever-evolving tech landscape.