11:09 AM EDT, 03/11/2026 (MT Newswires) -- Oracle (ORCL) reported "solid" fiscal Q3 results, driven by robust cloud growth and rising demand for artificial intelligence workloads, RBC Capital Markets said in a report emailed Wednesday.

Total revenue rose 22% year over year to $17.19 billion, topping consensus estimates, while cloud revenue grew 44%, also exceeding expectations. Adjusted earnings came in at $1.79 per share, above the Wall Street estimate of $1.71, sending the shares about 7% higher in after-hours trading, RBC said.

The results were bolstered by demand for "AI training and inferencing," which management said continues to "outpace supply," the report said.

The company maintained its fiscal 2026 revenue and capital expenditure guidance but raised its fiscal 2027 revenue outlook to $90 billion from $85 billion previously, RBC said.

RBC has a sector perform rating on Oracle, with a price target of $160.

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