Aug 2026 (Q1 FY27) — Sep 10, 2026
Oracle Q1 FY27 — Record Revenue and Accelerated Cloud Growth
Read the full callOracle (ORCL) earnings
- Aug 2026
- Aug 2026 (Q1 FY27)
- May 2026
Oracle earnings: last reported Thu, 10 Sep 2026, for the quarter ended Aug 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 19,345 | +29.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | 34.8 | +6.1 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | 4,760 | +62.6% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
26 of 34 judged targets kept · 39 open · verdicts reflect calls analysed to May 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital expenditure | over $25 billion in FY26 | May 2025 | Our net cash outlay for capital expenditures for the full year was $48 billion, taking into account equity payments and timing impacts of around $8 billion | Achieved |
| Full-year cloud applications revenue growth | cloud applications growth rate will accelerate versus FY25 (~10%) | May 2025 | Oracle cloud applications generated revenues of $4.1 billion, which is up 10% | Missed |
| Full-year total revenue growth | around 20% growth in FY27 | Feb 2025 | you can start to see the strong translation of our RPO into revenues with expected growth in our total revenues of plus 34% in constant currency | Revised Up |
8 of ORACLE CORP's 73 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 70 more targets are in the full ledger.
Claimed
- Total revenue reached a record $19.3 billion, up 30% year-over-year.
- Cloud Infrastructure revenue grew 121% year-over-year to $7.4 billion.
- Non-GAAP operating income increased 31% to $8.2 billion.
- Non-GAAP EPS rose 30% to $1.92.
- Remaining Performance Obligations (RPO) increased by $26 billion from Q4, with strong conversion into revenue.
Qualified
- Gross margin declined as expected due to impacts from ramping up data centers and acceleration of infrastructure revenue.
- Free cash flow was negative $5 billion in Q1, driven by CapEx of $28 billion.
Price
$129.63 +1.09% · +$1.4
Performance −55.5% 1Y
1Y: $291.31 on 17 Oct 2025 → $129.63. High $291.31 (17 Oct 2025), low $114.99 (24 Jul 2026).
- Previous close
- $128.23
- 52-week range
- $114.99 – $283.33
- One year
- −53.23%
Overview
- Symbol
- ORCL
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
26 of 34 judged targets kept · 39 open · verdicts reflect calls analysed to May 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year capital expenditure | over $25 billion in FY26 | May 2025 | Our net cash outlay for capital expenditures for the full year was $48 billion, taking into account equity payments and timing impacts of around $8 billion | Achieved |
| Full-year cloud applications revenue growth | cloud applications growth rate will accelerate versus FY25 (~10%) | May 2025 | Oracle cloud applications generated revenues of $4.1 billion, which is up 10% | Missed |
| Full-year total revenue growth | around 20% growth in FY27 | Feb 2025 | you can start to see the strong translation of our RPO into revenues with expected growth in our total revenues of plus 34% in constant currency | Revised Up |
Claimed
- Total revenue reached a record $19.3 billion, up 30% year-over-year.
- Cloud Infrastructure revenue grew 121% year-over-year to $7.4 billion.
- Non-GAAP operating income increased 31% to $8.2 billion.
- Non-GAAP EPS rose 30% to $1.92.
- Remaining Performance Obligations (RPO) increased by $26 billion from Q4, with strong conversion into revenue.
Qualified
- Gross margin declined as expected due to impacts from ramping up data centers and acceleration of infrastructure revenue.
- Free cash flow was negative $5 billion in Q1, driven by CapEx of $28 billion.
The full ledger
Open ORACLE CORP’s full ledger
A free account opens 5 company ledgers a month. All 73 tracked commitments, with each call’s wording and source.
Call summaries
May 2026 (Q4 FY26) — Jun 10, 2026
Oracle Q4 FY26 — Record Cloud Growth and Strong AI Infrastructure Demand
Read the full callFeb 2026 (Q3 FY26) — Mar 10, 2026
Oracle Q3 FY26 — Strong AI Infrastructure and Cloud Applications Growth
Read the full callEvery analysed call
Oracle earnings calls (ORCL)
Financials
What the filings say
Net profit, year on year: +63% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Feb 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 14,059 | 14,130 | 15,903 | 14,926 | 16,058 | 17,190 | 19,183 | 19,345 |
| Expenses | 9,839 | 9,772 | 10,794 | 10,649 | 11,327 | 11,726 | 13,049 | 12,617 |
| Operating profit | 4,220 | 4,358 | 5,109 | 4,277 | 4,731 | 5,464 | 6,134 | 6,728 |
| Operating margin | 30.0% | 30.8% | 32.1% | 28.6% | 29.5% | 31.8% | 32.0% | 34.8% |
| Interest | 866 | 892 | 978 | 923 | 1,057 | 1,180 | 1,439 | 1,428 |
| Net profit | 3,151 | 2,936 | 3,427 | 2,927 | 6,135 | 3,721 | 4,304 | 4,760 |
| EPS ($ per share) | 1.13 | 1.05 | — | 1.04 | 2.14 | 1.29 | — | 1.58 |
| Line item | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 26,909 | 26,486 | 26,533 | 26,808 | 30,215 | 32,764 | 37,107 | 43,243 |
| Reserves | -3,496 | -12,696 | -20,120 | -31,336 | -27,620 | -22,628 | -15,481 | -4,309 |
| Total liabilities | 86,346 | 102,721 | 125,155 | 115,065 | 132,828 | 131,737 | 147,392 | 218,703 |
| Fixed assets | 6,252 | 6,244 | 7,049 | 9,716 | 17,069 | 21,536 | 43,522 | 99,957 |
| Total assets | 108,709 | 115,438 | 131,107 | 109,297 | 134,384 | 140,976 | 168,361 | 261,759 |
| Line item | May 2019 | May 2020 | May 2021 | May 2022 | May 2023 | May 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 14,551 | 13,139 | 15,887 | 9,539 | 17,165 | 18,673 | 20,821 | 31,977 |
| Cash from investing | 26,557 | 9,843 | -13,098 | 11,220 | -36,484 | -7,360 | -21,711 | -51,854 |
| Cash from financing | -42,056 | -6,132 | -10,378 | -29,126 | 7,910 | -10,554 | 1,098 | 40,284 |
| Net cash flow | -1,106 | 16,725 | -7,141 | -8,715 | -11,618 | 689 | 332 | 20,503 |
| Capital expenditure | -1,660 | -1,564 | -2,135 | -4,511 | -8,695 | -6,866 | -21,215 | -55,663 |
| Free cash flow | 12,891 | 11,575 | 13,752 | 5,028 | 8,470 | 11,807 | -394 | -23,686 |
ORCL revenue by segment
Services Business shrank from 9% to 7% of revenue over the last two years.
| Segment | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Cloud and Software Business | — | — | — | 86% | 86% | 87% | 87% | 89% | +32.9% |
| Services Business | 9% | 9% | 8% | 9% | 9% | 8% | 8% | 7% | +4.8% |
| Hardware Business | 5% | 5% | 5% | 4% | 5% | 4% | 5% | 4% | +15.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ORCL operating KPIs by quarter
| KPI | May 2025 Q4 FY25 | Aug 2025 Q1 FY26 | Nov 2025 Q2 FY26 | Feb 2026 Q3 FY26 | May 2026 Q4 FY26 | Aug 2026 Q1 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Remaining performance obligation (RPO) | $138BOur remaining performance obligations now stand at $138 billion, up $8 billion from last quarter and up 41% from last year, and yet the best is still to come.Source: earnings call transcript | $455BAt the end of Q1, remaining performance obligations, or RPO, now to $455 billion.Source: earnings call transcript | $523.3BRemaining performance obligations, or RPO, ended the quarter at $523.3 billion, up 433% from last year and up $68 billion since the end of August, driven by contracts signed with Meta, NVIDIA and others as we continue to diversify our customer backlog.Source: earnings call transcript | $553BThis is directly visible in our $553 billion RPO.Source: earnings call transcript | $638BAnd our remaining performance obligations, or RPO, finished at $638 billion, up 363%.Source: earnings call transcript | — | +15.4% |
| Live Database at Cloud Services cloud regions | 23We are currently live in 23 cloud regions with database at cloud services and have another 47 planned.Source: earnings call transcript | 34And finally, the Oracle database is booming with 34 multi-cloud data centers now live inside of Azure, GCP and AWS, and we will deliver another 37 data centers for a total of 71.Source: earnings call transcript | — | — | — | — | +47.8% |
| Contract bookings AI infrastructure | — | — | — | — | $67BWe signed $67 billion in AI infrastructure contracts this quarter, the majority of which was either bring-your-own-hardware or prepaid.Source: earnings call transcript | $30B+We closed more than $30 billion of additional AI contracts in Q1 without requiring additional capital from Oracle.Source: earnings call transcript | — |
| Global GPU utilization rate | — | — | — | — | 97.5%Our global GPU utilization rate is 97.5%.Source: earnings call transcript | 97.9%GPU utilization remains extremely high at 97.9% in Q1.Source: earnings call transcript | +0.4 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q1 FY2027 · share of revenue
- Americas 71% ↑ 7 pt
- EMEA 19% ↓ 5 pt
- Asia Pacific 10% ↓ 3 pt
As ORCL cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
80 filings between Oct 21, 2025 and Sep 29, 2026.
Open market
decisions to buy or sellPurchases
$3.48M
1 purchase by 1 insider
Sales
$113.18M
27 sales by 9 insiders
56% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 25
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 other filings, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| HENLEY JEFFREY | — | $63.66M | Jun 24, 2026 |
| Magouyrk Clayton M. | — | $14.54M | Feb 9, 2026 |
| BERG JEFFREY | — | $13.97M | Oct 28, 2025 |
| KEHRING DOUGLAS A | — | $6.82M | Jan 15, 2026 |
| Sicilia Michael D. | — | $4.94M | Sep 22, 2026 |
| RUSCKOWSKI STEPHEN H | $3.48M | — | Sep 29, 2026 |
| Smith Maria | — | $3.20M | Sep 22, 2026 |
| Hura Mark | — | $2.95M | Dec 24, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 29, 2026 | RUSCKOWSKI STEPHEN H Director | Purchase | 25,000 | $3.48M |
| Sep 22, 2026 | Smith Maria EVP, Chief Accounting Officer | Sale | 2,631 | $399.1K |
| Sep 22, 2026 | Sicilia Michael D. Chief Executive Officer | Sale 10b5-1 plan | 22,562 | $3.42M |
| Sep 21, 2026 | Magouyrk Clayton M. Chief Executive Officer | Tax withheld | 34,665 | $5.12M |
| Sep 21, 2026 | HENLEY JEFFREY Vice Chairman | Tax withheld | 14,462 | $2.13M |
| Sep 21, 2026 | Hura Mark Pres., Global Field Operations | Tax withheld | 8,456 | $1.25M |
| Sep 21, 2026 | Sicilia Michael D. Chief Executive Officer | Tax withheld 10b5-1 plan | 35,495 | $5.24M |
| Sep 21, 2026 | Sicilia Michael D. Chief Executive Officer | Tax withheld 10b5-1 plan | 17,311 | $2.56M |
| Sep 21, 2026 | HENLEY JEFFREY Vice Chairman | Tax withheld | 5,884 | $868.5K |
| Sep 21, 2026 | Levey Stuart EVP, Chief Legal Officer | Tax withheld | 10,245 | $1.51M |
| Sep 21, 2026 | Smith Maria EVP, Chief Accounting Officer | Tax withheld | 6,230 | $919.6K |
| Sep 21, 2026 | Smith Maria EVP, Chief Accounting Officer | Tax withheld | 2,875 | $424.4K |
| Sep 21, 2026 | Magouyrk Clayton M. Chief Executive Officer | Tax withheld | 16,437 | $2.43M |
| Sep 21, 2026 | Hura Mark Pres., Global Field Operations | Tax withheld | 20,805 | $3.07M |
| Sep 20, 2026 | Hura Mark Pres., Global Field Operations | Option exercise | 47,717 | $0 |
| Sep 20, 2026 | Magouyrk Clayton M. Chief Executive Officer | Option exercise | 88,093 | $0 |
| Sep 20, 2026 | Sicilia Michael D. Chief Executive Officer | Option exercise 10b5-1 plan | 73,411 | $0 |
| Sep 20, 2026 | Smith Maria EVP, Chief Accounting Officer | Option exercise | 5,506 | $0 |
| Sep 20, 2026 | HENLEY JEFFREY Vice Chairman | Option exercise | 33,035 | $0 |
| Sep 19, 2026 | HENLEY JEFFREY Vice Chairman | Option exercise | 13,426 | $0 |
| Sep 19, 2026 | Levey Stuart EVP, Chief Legal Officer | Option exercise | 20,885 | $0 |
| Sep 19, 2026 | Magouyrk Clayton M. Chief Executive Officer | Option exercise | 41,769 | $0 |
| Sep 19, 2026 | Smith Maria EVP, Chief Accounting Officer | Option exercise | 11,934 | $0 |
| Sep 19, 2026 | Sicilia Michael D. Chief Executive Officer | Option exercise 10b5-1 plan | 35,802 | $0 |
| Sep 19, 2026 | Hura Mark Pres., Global Field Operations | Option exercise | 19,393 | $0 |
| Sep 16, 2026 | Sicilia Michael D. Chief Executive Officer | Sale 10b5-1 plan | 10,882 | $1.52M |
| Sep 15, 2026 | HENLEY JEFFREY Vice Chairman | Option exercise | 19,752 | $0 |
| Sep 15, 2026 | HENLEY JEFFREY Vice Chairman | Tax withheld | 8,635 | $1.25M |
| Sep 15, 2026 | Hura Mark Pres., Global Field Operations | Option exercise | 28,531 | $0 |
| Sep 15, 2026 | Magouyrk Clayton M. Chief Executive Officer | Tax withheld | 24,182 | $3.50M |
| Sep 15, 2026 | Levey Stuart EVP, Chief Legal Officer | Tax withheld | 11,883 | $1.72M |
| Sep 15, 2026 | Magouyrk Clayton M. Chief Executive Officer | Option exercise | 61,452 | $0 |
| Sep 15, 2026 | Hura Mark Pres., Global Field Operations | Tax withheld | 12,440 | $1.80M |
| Sep 15, 2026 | Sicilia Michael D. Chief Executive Officer | Option exercise 10b5-1 plan | 52,673 | $0 |
| Sep 15, 2026 | Smith Maria EVP, Chief Accounting Officer | Option exercise | 13,168 | $0 |
| Sep 15, 2026 | Smith Maria EVP, Chief Accounting Officer | Tax withheld | 6,874 | $995.3K |
| Sep 15, 2026 | Sicilia Michael D. Chief Executive Officer | Tax withheld 10b5-1 plan | 25,468 | $3.69M |
| Sep 15, 2026 | Levey Stuart EVP, Chief Legal Officer | Option exercise | 26,337 | $0 |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 45,872 | $7.24M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 48,353 | $7.78M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 62,582 | $10.02M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 74,969 | $11.70M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 800 | $132.5K |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 13,529 | $2.23M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 16,802 | $2.67M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 26,603 | $4.36M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 15,122 | $2.46M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 78,559 | $12.34M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Option exercise 10b5-1 plan | 400,000 | $16.37M |
| Jun 24, 2026 | HENLEY JEFFREY Vice Chairman | Sale 10b5-1 plan | 16,809 | $2.73M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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