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Oracle Boosts Annual Revenue Forecast Amid Strong Cloud Demand, Shares Surge

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Oracle raised its annual revenue growth forecast on Wednesday, driven by strong demand for its cloud services, particularly as businesses ramp up AI deployments. The company now expects fiscal 2026 revenue to reach at least $67 billion, up from its previous projection.

CEO Safra Catz revealed on a post-earnings call that Oracle anticipates its total cloud growth — including applications and infrastructure — to jump from 24% in fiscal 2025 to over 40% in fiscal 2026.

Oracle’s growth momentum is mainly fueled by its Oracle Cloud Infrastructure (OCI) platform and its support for AI workloads. Industry experts note that Oracle’s multi-cloud strategy and deep integration with enterprise applications have made OCI a critical component for many customers’ data needs.

Rebecca Wettemann, CEO of analyst firm Valoir, highlighted Oracle’s ability to embed generative AI capabilities into its cloud application suite without additional costs as a key factor reducing adoption barriers and encouraging experimentation.

For the quarter ending May 31, Oracle reported revenue of $15.90 billion, surpassing analysts’ expectations of $15.59 billion. The cloud services and license support segment, Oracle’s largest, posted $11.70 billion in revenue, up 14% year-over-year.

Adjusted earnings per share were $1.70, beating estimates of $1.64.

Snowflake Raises Annual Revenue Forecast Amid AI-Driven Demand Surge

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Snowflake (SNOW.N) raised its fiscal 2026 product revenue forecast on Wednesday, driven by strong enterprise demand for its data analytics and AI services. The company’s shares jumped 6% to $190.09 in after-hours trading following better-than-expected first-quarter results and an upbeat outlook for the current quarter.

The AI boom has been a key growth engine for Snowflake. Through partnerships with OpenAI and Anthropic, the company has expanded its platform to support customers building and running advanced AI models, particularly for data-driven applications. This has significantly broadened its appeal across industries prioritizing cloud migration and AI adoption.

Updated Guidance and Performance

  • Q1 Product Revenue: $996.8 million (↑26% YoY), surpassing analysts’ forecast of $959.2 million

  • Q2 Product Revenue Forecast: $1.035 – $1.040 billion vs. $1.021 billion expected

  • Fiscal 2026 Product Revenue Forecast: $4.325 billion (up from $4.28 billion)

On an adjusted basis, Snowflake earned 24 cents per share, beating expectations of 21 cents.

Analysts attribute Snowflake’s momentum to its ability to scale cloud-based AI tools for enterprise clients, particularly those building AI agents and automation workflows. The company’s flexibility in integrating AI across large datasets makes it a key player in modern enterprise cloud ecosystems.

The stock is now up 16% year-to-date, reflecting investor confidence in Snowflake’s strategy to stay ahead in the competitive cloud and AI infrastructure market.

CDW Beats Q1 Estimates as Healthcare and Education Drive Hardware, Software Demand

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CDW Corp. (CDW.O) exceeded Wall Street expectations for both revenue and profit in the first quarter of 2025, fueled by strong demand from healthcare, education, and public sector clients for IT hardware, software, and related services.

The Vernon Hills, Illinois-based IT distributor reported net sales of $5.20 billion, surpassing the $4.93 billion estimate (LSEG data), as end-markets showed signs of spending resilience despite ongoing economic uncertainty.

“While economic uncertainty continues to persist, certain end-markets experienced improved customer spending during the first quarter,” the company said in a statement.

Segment Highlights:

  • Public segment revenue: $1.88 billion, up 10.3% year-over-year

  • Corporate segment revenue: $2.23 billion, up 6.3%

  • Adjusted EPS: $2.15 vs. $1.96 expected

CDW’s public segment—serving sectors like healthcare and education—was a key driver of growth, while its corporate business remained the largest contributor overall. The company also noted continued demand for desktops, notebooks, mobile devices, cloud solutions, and cybersecurity services.

CDW partners with major vendors such as Cisco, Dell Technologies, HP, and Microsoft, delivering integrated IT solutions to enterprise, government, and institutional clients across the U.S., U.K., and Canada.

The results underscore CDW’s strong market position and ability to navigate industry headwinds, as organizations continue to prioritize digital transformation, remote access tools, and IT infrastructure upgrades.