ORCL
Oracle Corporation
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Oracle Corporation.
Coverage
SpaceX Uses Megapacks to Tame Its Gigawatt. Bloom Energy Sells the Megawatts Before the Grid Arrives.
Tesla Megapacks stabilize volatile AI loads; Bloom fuel cells generate onsite before the grid arrives. Where each wins, and why data centers will use both.
Oracle Burned $23.7 Billion Building the AI Boom. We Wrote the Capex Retrospective and Left It Out.
Oracle burned $23.7B of capex in FY2026 while revenue growth more than tripled, yet scores an 11 on the Rule of 40. The borrower's side of the AI buildout.
Where the revenue goes next
Latest: $19.18B (2026Q4)
| Period | Value |
|---|---|
| 2023Q3 | $12.40B |
| 2023Q4 | $13.84B |
| 2024Q1 | $12.45B |
| 2024Q2 | $12.94B |
| 2024Q3 | $13.28B |
| 2024Q4 | $14.29B |
| 2025Q1 | $13.31B |
| 2025Q2 | $14.06B |
| 2025Q3 | $14.13B |
| 2025Q4 | $15.90B |
| 2026Q1 | $14.93B |
| 2026Q2 | $16.06B |
| 2026Q3 | $17.19B |
| 2026Q4 | $19.18B |
Latest: $1.45 (2026Q4)
| Period | Value |
|---|---|
| 2023Q3 | $0.68 |
| 2023Q4 | $1.18 |
| 2024Q1 | $0.86 |
| 2024Q2 | $0.89 |
| 2024Q3 | $0.85 |
| 2024Q4 | $1.11 |
| 2025Q1 | $1.03 |
| 2025Q2 | $1.10 |
| 2025Q3 | $1.02 |
| 2025Q4 | $1.19 |
| 2026Q1 | $1.01 |
| 2026Q2 | $2.10 |
| 2026Q3 | $1.27 |
| 2026Q4 | $1.45 |
Latest: 38.6 (2026Q4)
| Period | Value |
|---|---|
| 2024Q2 | 31.2 |
| 2024Q3 | 28.7 |
| 2024Q4 | 30.8 |
| 2025Q1 | 31.4 |
| 2025Q2 | 33.6 |
| 2025Q3 | 35.2 |
| 2025Q4 | 36.8 |
| 2026Q1 | 42.1 |
| 2026Q2 | 38.5 |
| 2026Q3 | 25.9 |
| 2026Q4 | 38.6 |
Latest: -$1.87B (2026Q4)
| Period | Value |
|---|---|
| 2023Q3 | $1.65B |
| 2023Q4 | $3.73B |
| 2024Q1 | $5.66B |
| 2024Q2 | -$937M |
| 2024Q3 | $3.80B |
| 2024Q4 | $3.28B |
| 2025Q1 | $5.12B |
| 2025Q2 | -$2.67B |
| 2025Q3 | $71M |
| 2025Q4 | -$2.92B |
| 2026Q1 | -$362M |
| 2026Q2 | -$9.97B |
| 2026Q3 | -$11.48B |
| 2026Q4 | -$1.87B |
Latest: 2.87B (Q2 FY2026)
| Period | Value |
|---|---|
| Q2 FY2023 | 2.78B |
| Q3 FY2023 | 2.70B |
| Q4 FY2023 | 2.82B |
| Q1 FY2024 | 2.82B |
| Q2 FY2024 | 2.82B |
| Q3 FY2024 | 2.75B |
| Q4 FY2024 | 2.85B |
| Q1 FY2025 | 2.87B |
| Q2 FY2025 | 2.87B |
| Q3 FY2025 | 2.87B |
| Q4 FY2025 | 2.91B |
| Q1 FY2026 | 2.92B |
| Q2 FY2026 | 2.87B |
Latest: -$6.89B (2026Q4)
| Period | Value |
|---|---|
| 2023Q3 | $1.65B |
| 2023Q4 | $5.38B |
| 2024Q1 | $11.04B |
| 2024Q2 | $10.10B |
| 2024Q3 | $13.90B |
| 2024Q4 | $17.19B |
| 2025Q1 | $22.31B |
| 2025Q2 | $19.65B |
| 2025Q3 | $19.72B |
| 2025Q4 | $16.79B |
| 2026Q1 | $16.43B |
| 2026Q2 | $6.46B |
| 2026Q3 | -$5.02B |
| 2026Q4 | -$6.89B |
Latest earnings
Company History
Larry Ellison and team launch company focused on relational databases, pioneering commercial SQL implementation and setting stage for enterprise dominance.
Public listing provides capital surge during early database boom, fueling rapid expansion and establishing Oracle as a tech growth stock.
$10.3B takeover expands enterprise applications suite amid consolidation wave, shifting narrative to aggressive M&A growth strategy.
$7.4B deal brings Java, hardware engineering, and open-source assets; marks entry into integrated hardware-software but initially weighs on margins.
$9.3B purchase accelerates cloud ERP transition, signaling pivot from on-premise legacy to SaaS amid slowing traditional revenue.
$28B healthcare IT deal diversifies into verticals, but integration challenges and debt highlight risks in late-stage M&A era.
Major deals (e.g., with Nvidia, OpenAI potential) and OCI growth ignite stock rally, reframing Oracle as viable hyperscaler challenger.
Record cloud revenue growth and backlog push shares to all-time highs (~$300+), validating multi-year turnaround but raising capex sustainability questions.
Key Players
The CEO view — 1 appearance →
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Funds we follow holding ORCL
By latest reported 13F position value. Market value at quarter-end, not cost basis.
