Oracle CEO Safra Catz attended a White House dinner with President Trump, following a meeting on Artificial Intelligence Education Task Force. Oracle shares rose 21% in after-hours trading despite missing earnings and revenue estimates. Revenue increased by 12% to $14.93 billion, with net income flat at $2.93 billion. The company signed a significant agreement with OpenAI during the quarter to develop 4.5 gigawatts of U.S. data center capacity. Oracle has been a big winner in the AI boom, with cloud infrastructure business contributing to its success. The company also announced a partnership with Google to offer Gemini artificial intelligence models on its cloud infrastructure. Oracle generated $3.3 billion in revenue from cloud infrastructure, showing a 55% increase. The stock hit a record high and is up 45% in 2025. Executives will provide guidance on a conference call at 5 p.m. ET.

Read more at CNBC: Oracle (ORCL) Q1 earnings report 2026