Oracle’s AI momentum is making longer-term financial targets look meager. CEO Safra Catz says on a call with analysts that she is still “firmly committed” to FY26 targets for revenue, margins and earnings. “However, given our strong bookings results, I believe some of these goals might prove to be too conservative given our momentum,” she says. And Oracle seems to be prepared to spend big to keep momentum going: Catz says capital expenditures this fiscal year will likely be double that of the previous fiscal year. Shares rise 8.8% to $134.75 after-hours.