---
title: "U.S. stock movement | Second quarter profit \"inflated\" and cloud business growth rate below expectations, Oracle plummets over 13% in pre-market trading"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/269391450.md"
description: "Oracle's pre-market stock price plummeted over 13% due to second-quarter profits being affected by one-time gains, and cloud business growth not meeting expectations. Despite a record backlog of cloud computing orders, the core business's profit margins and cash flow are under pressure, leading to a sharp decline in stock price. UBS and Bank of America lowered their target prices, while Morgan Stanley placed the stock rating under \"cautious review,\" with the market focusing on profit quality and order fulfillment"
datetime: "2025-12-11T13:59:04.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/269391450.md)
  - [en](https://longbridge.com/en/news/269391450.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/269391450.md)
---

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# U.S. stock movement | Second quarter profit "inflated" and cloud business growth rate below expectations, Oracle plummets over 13% in pre-market trading

According to Zhitong Finance APP, on Thursday, Oracle (ORCL.US) fell more than 13% in pre-market trading, reporting a price of $193.84. In terms of news, for the second fiscal quarter ending November 30, the company's total revenue grew by 14% to $16.1 billion, which is basically in line with market average expectations. The earnings per share, excluding specific items, were $2.26, exceeding market average expectations. Among them, cloud computing sales increased by 34% to $7.98 billion, and the much-watched infrastructure business revenue grew by 68% to $4.08 billion, both slightly below analyst expectations. The company stated that profit growth benefited from the sale of its stake in chip manufacturer Ampere Computing, which generated $2.7 billion in pre-tax earnings during the period. According to a statement released on Wednesday, for the quarter ending November 30, the "remaining performance obligations" metric, which measures order size, soared to $523 billion, an increase of more than five times.

Oracle's negative financial report data instantly sparked heated discussions on Wall Street. Despite the non-GAAP benchmark earnings per share significantly exceeding expectations and the $523 billion cloud computing order backlog reaching a record high, the actual profit was inflated by a one-time gain of $2.7 billion, and the core business profit margin and cash flow were under pressure.

The growth of Oracle's cloud computing orders cannot hide the anxiety over actual profit conversion, and the growth rate of the cloud business is below expectations. The surge in capital expenditures has led to negative free cash flow. This series of negative factors caused Oracle's stock price to plummet after the earnings report. UBS and Bank of America quickly downgraded Oracle's target price after the earnings report was released, while Morgan Stanley placed Oracle's stock rating under "cautious review," highlighting that the market's focus on Oracle has shifted to profit quality (especially concerns over profit sources being overly focused on OpenAI) and the actual realization of backlog orders

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- [Oracle (ORCL.US)](https://longbridge.com/zh-CN/quote/ORCL.US.md)

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