Oracle Corporation · Q1 FY2027
ReportedSep 10, 2026
Period endedAug 31, 2026
Rule of 40+2
Consensus vs reported
EPS · NON-GAAP
BEAT +10%
$1.92
vs $1.74 expected
QoQ−9.0%
YoY+30.6%
Revenue
BEAT +1%
$19.34B
vs $19.13B expected
QoQ+0.8%
YoY+29.6%
QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.
The quarter in short
Revenue $19.34B, up 29.6% year over year and 0.8% on the quarter. Non-GAAP EPS $1.92, up 30.6% year over year and down 9.0% on the quarter. GAAP EPS $1.56. Free cash flow −$5.40B, down 188.1% on the quarter. Non-GAAP EPS beat consensus by 10%. Rule of 40 score +2.
Reported this quarter
Revenue
$19.34B
QoQ +0.8%
YoY +29.6%
EPS · NON-GAAP
$1.92
QoQ −9.0%
YoY +30.6%
EPS · GAAP
$1.56
QoQ +7.6%
YoY +54.5%
Free Cash Flow
−$5.40B
QoQ −188.1%
YoY −1390.6%
Gross Margin
60.0%
QoQ −5.2 pp
YoY −7.2 pp
FCF Margin
-27.9%
QoQ −18.1 pp
YoY −25.5 pp
P/E Ratio
23.4
QoQ −39.4%
YoY −44.5%
Each tile opens the full quarterly series. Download the numbers as CSV or JSON.
What we learned
- Cloud landed near the top of the guide. Up 62% in USD to $11.6 billion against the guided 58%–64%, with Cloud Infrastructure up 121% to $7.39 billion; now 60% of Oracle's revenue for the first time.
- RPO rose $26 billion to $664 billion. A tenth of last quarter's $85 billion jump, even with more than $30 billion of new AI contracts booked; up $209 billion year over year. Customer concentration went undisclosed.
- Capex ran $28.5 billion in one quarter, 51% of all fiscal 2026, and free cash flow was negative $5.4 billion. Depreciation more than doubled and gross margin gave up seven points, to 60.0%.
- Customers and shareholders funded the build, not the bond market. Prepayments of $11.4 billion sat inside the record $23.1 billion operating cash flow, a $20 billion stock sale closed, and Oracle repaid debt.
- Guidance moved into the release, and up. Fiscal 2027 is now at least $90 billion of revenue with $8.10 of non-GAAP EPS, up from $8.05; Q2 revenue is guided up 30% to 34%.
Coverage around this release
R40
Oracle's 1.7 GW of Texas Wind Averages 630 MW. A Year of It Is More Energy Than Oracle Used in Fiscal 2025
News · Sep 16, 2026
R40
Oracle's GAAP Margin Rose 612 Basis Points and Its Own Measure 35. The 10-Q Added $700 Million of Severance.
News · Sep 14, 2026
R40
ORCL Q1 FY2027 reported earnings analysis
News · Sep 10, 2026
R40
ORCL Q1 FY2027 earnings preview
News · Sep 10, 2026
R40
Oracle Has $260 Billion of Data-Centre Leases Off Its Balance Sheet. OpenAI's Rating Moves None of It.
In-Depth · Sep 8, 2026
R40
Europe's Cloud Is 70% U.S.-Run. AI Is Concentrating the Next Wave of Capacity.
News · Aug 31, 2026
R40
SpaceX Uses Megapacks to Tame Its Gigawatt. Bloom Energy Sells the Megawatts Before the Grid Arrives.
In-Depth · Aug 23, 2026
Estimate against reported
Our published estimate
Reported EPS
| Quarter | Estimate | Reported | Surprise |
|---|---|---|---|
| 2025 Q3 | — | $1.02 | — |
| 2025 Q4 | — | $1.19 | — |
| 2026 Q1 | — | $1.01 | — |
| 2026 Q2 | — | $2.10 | — |
| 2026 Q3 | — | $1.27 | — |
| 2026 Q4 | — | $1.45 | — |
| 2027 Q1 | $1.74 | $1.92 | +10% |
| 2027 Q2 | — | not yet reported | — |
Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.
Sources & downloads
Company
Published by the company on the day of the release.
HTML
Earnings press release
Investor relations announcement
SEC filings
Filed with the SEC under CIK 1341439.
JSON
Company facts (XBRL)
Every figure ORCL has reported to the SEC
R40 data
The numbers shown on this page, as we hold them.
CSV
This quarter (CSV)
Reported metrics for Q1 FY2027, spreadsheet-ready
JSON
This quarter (JSON)
Metrics, dates and matched filings