ORACLE CORPORATION · NYSE: ORCL
Oracle Corporation (ORCL) Stock Research
Research Oracle Corporation (ORCL) earnings, business trends, valuation context, institutional ownership, risks, and the next investor checkpoints.
- Latest financial period
- Q1 FY2027
- Latest filing
- Sep 10, 2026
- Research updated
- Sep 15, 2026
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Reported evidence
Latest ORCL financial snapshot
Q1 FY2027 · filed Sep 10, 202602
Latest filing analysis
What changed in the latest reported period
Q1 FY2027 revenue increased 30% year over year to $19.35 billion, led by Oracle Cloud Infrastructure demand.
Cloud revenue rose 62% to $11.61 billion: infrastructure-as-a-service increased 121% to $7.39 billion and cloud applications increased 10% to $4.22 billion.
GAAP operating income increased 57% to $6.73 billion, while GAAP diluted EPS rose 55% to $1.56.
Remaining performance obligations reached $664 billion after Oracle booked more than $30 billion of additional AI cloud contracts during the quarter.
Oracle delivered 850MW of additional data-center capacity and more than 300,000 GPUs since the end of Q4 FY2026, but $28.50 billion of capital expenditures left quarterly free cash flow at negative $5.40 billion.
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BasisPilot
What matters for ORCL now
OCI growth and capacity
OCI revenue grew 121% to $7.39 billion. Oracle said AI cloud demand continued to exceed supply, making data-center delivery and utilization the next operating checkpoints.
Evidence checkpointRPO conversion
RPO reached $664 billion, up $209 billion year over year. The central question is how quickly contracted demand converts into recognized revenue and cash collection.
Evidence checkpointCapital intensity
Q1 capital expenditures were $28.50 billion and free cash flow was negative $5.40 billion even as operating cash flow reached $23.10 billion.
Evidence checkpointCloud transition
Cloud revenue rose 62%, while software revenue declined 3% as customers continued moving from on-premises software to cloud services.
Evidence checkpointForward guidance
For Q2 FY2027, Oracle guided to 30%–34% total revenue growth and 65%–71% cloud revenue growth in USD; these are forecasts, not reported results.
Evidence checkpoint04
Revenue mix
How Oracle Corporation makes money
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Historical filings
ORCL earnings history
| Period | Revenue | YoY | EPS | Filed |
|---|---|---|---|---|
| Q1 FY2027 | $19.3B | 30% | 1.56 | Sep 10, 2026 |
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Valuation context
ORCL valuation
Evaluate ORCL through revenue growth, margins, cash generation and the expectations implied by the market price. BasisPilot does not display an undated valuation multiple.
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SEC 13F
Institutional ownership
No matching position is available in BasisPilot's current 13F manager coverage.
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BasisPilot Insights
Latest Oracle Corporation research
Sep 11, 2026
Oracle Earnings Explained: Why ORCL Rose After AI Backlog and Cash Burn Beat Expectations
Oracle reported $19.3B in Q1 revenue as backlog reached $664B and cash burn beat fears. See what OCI demand, capex, prepayments and guidance mean for ORCL.
Sep 19, 2026Oracle’s $18 Billion AI Data Center Debt Is Under Pressure: What It Means for ORCL
Loans tied to Oracle’s Project Jupiter AI data center are trading at 89–91 cents on the dollar. Here is why the debt is under pressure and what it means for ORCL.
Sep 14, 2026Larry Ellison Cancels Oracle Stock Sale: What the $7.5 Billion Reversal Means for ORCL
Larry Ellison canceled a plan to sell up to 50 million Oracle shares worth about $7.5 billion. Here is what the reversal means for insider selling, AI capex and ORCL sentiment.
Sep 12, 2026Oracle’s AI Boom Is Lifting Dell and HPE: What the Hardware Rally Really Means
Dell and HPE jumped after Oracle’s cloud results reinforced demand for AI servers and data-center infrastructure. Here is what Oracle’s backlog means for hardware suppliers.
Sep 8, 2026Oracle Earnings Preview: AI Cloud Growth vs. Debt, Capex and the Risk Behind ORCL’s September 10 Report
Oracle reports fiscal Q1 2027 results on September 10 after the close. Here is what investors should watch in OCI growth, AI backlog, debt, capex and ORCL valuation.
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Decision support
Risks and next checkpoints
AI cloud demand may convert to revenue more slowly than expected if power, data-center, GPU or networking capacity is delayed.
The $664 billion RPO balance is not current revenue; contract timing, implementation milestones and customer commitments affect conversion.
Heavy infrastructure spending can keep free cash flow under pressure even when revenue and operating cash flow grow rapidly.
Oracle's $20 billion Q1 ATM equity issuance expanded funding capacity but also increased the share count and potential dilution.
Cloud infrastructure and applications face strong competition on price, performance, product breadth and customer migration costs.
The shift from on-premises software to cloud services can create timing and mix pressure when cloud growth does not offset legacy declines.
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FAQ
ORCL investor questions
What was Oracle's latest quarterly revenue?
Oracle reported $19.35 billion of Q1 FY2027 revenue, up 30% year over year, and $6.73 billion of GAAP operating income.
How fast is Oracle Cloud Infrastructure growing?
OCI revenue increased 121% to $7.39 billion in Q1 FY2027, while cloud applications revenue increased 10% to $4.22 billion.
What does Oracle's $664 billion RPO mean?
RPO represents contracted performance obligations that have not yet been recognized as revenue. It is not current revenue or cash; Oracle said it increased by $209 billion year over year.
Why was Oracle's free cash flow negative?
Q1 capital expenditures of $28.50 billion exceeded $23.10 billion of operating cash flow, resulting in company-defined free cash flow of negative $5.40 billion.
What guidance did Oracle provide for Q2 FY2027?
Oracle expects total revenue growth of 30%–34%, cloud revenue growth of 65%–71% in USD, and non-GAAP EPS of $1.85–$1.93. These are forecasts, not reported results.
Are ORCL 13F holdings real-time positions?
No. Form 13F reports delayed quarter-end positions for qualifying managers and securities; it does not reveal real-time trades or institutions' true cost basis.
What should ORCL investors monitor next?
Key checkpoints are OCI growth, data-center capacity delivery, RPO conversion, capital spending and free cash flow, equity dilution, and cloud competition.
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Provenance
Sources and methodology
Primary SEC filings and issuer releases take precedence. Financial, market, ownership and page-update dates are shown separately, while historical values retain their original reporting period.