Oracle reports 93% cloud infrastructure growth and $638B backlog amid heavy AI data center capex

According to a post on X, Oracle beat its fourth quarter estimates. The company achieved record revenue. Cloud infrastructure saw 93 percent growth. The backlog stood at $638 billion. The post described heavy AI data center spending by the company. Capital expenditures are expected to total more than $55 billion in fiscal 2026. Guidance indicates the amount will be higher. Oracle reported negative free cash flow. Plans are in place to raise more debt or equity. The stock price plunged on the news of the spending. It marked the worst week since 2001 with a 19.4 percent decline. Investors are concerned about near term dilution and cash burn. The post noted that this concern persists even with long term AI demand in view. The post on X contained all of the specific figures and details regarding the Oracle results and the market reaction to them. The information was presented as the explanation for the stock's performance.