Oracle Falls 5.7% as OpenAI Annualized Revenue Misses Estimates

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Summary · why it matters

Oracle shares fell 5.7% in the afternoon session after reports that annualized revenue for key AI customer OpenAI came in below previous public estimates. According to CNBC, OpenAI told investors it reached roughly $50 billion in annualized revenue at the end of September, well below the $68 billion run rate circulated late last month; the higher figure included gross revenue from OpenAI's partners, an accounting choice meant to ease comparisons with rival Anthropic. The Financial Times first reported the $50 billion figure, which was shared in an investor presentation as OpenAI seeks to justify its $852 billion valuation ahead of a potential 2027 initial public offering. The downward revision in core AI revenue sparked a broad sell-off across artificial intelligence-linked equities, pressuring Oracle as investors reassessed the growth trajectory of the cloud infrastructure ecosystem. Oracle is down 30.8% since the start of the year and, at $135.33 per share, trades 56.8% below its 52-week high of $313 from October 2025.

Impact on assets 1

Cloud & Digital Infrastructure▼
Oracle Corporation
ORCL
▼ NegativeDemandrelevance

OpenAI's annualized revenue miss, a key AI customer, sparked a sell-off pressuring Oracle as investors reassessed the cloud infrastructure growth trajectory.

Off-coverage companies 3

OpenAIi
Private▼ NegativeCapitalrelevance

OpenAI's annualized revenue came in around $50B, well below the $68B run rate previously circulated, ahead of a potential 2027 IPO.

Anthropici
Private± Mixedrelevance

Financial Timesi
Private± Mixedrelevance