The $400 billion enterprise software and cloud infrastructure giant Oracle is in the hot seat with a fiscal third-quarter earnings drop amid a spotlight on its heavy borrowing and negative free cash flow.
To set the scene, at the top line analysts are expecting about 20% growth in quarterly revenues to roughly $17 billion, right in line with Oracle’s guidance of 19% to 21% growth from the prior year. Earnings per share, excluding certain items, are expected to be up about 16% to $1.71. But under the hood? There’s a lot more going on, and those issues wiggling around have helped send its stock down about 20% so far in 2026.
