Earnings preview

Oracle Corporation Oracle Corporation Q1 FY2027 Earnings Results vs. Expectations

ReportsSep 10, 2026
SlotAfter Market Close

Results are out

This quarter has reported. The consensus below is what we expected going in.

Read the release →

What the Street expects

EPS · NON-GAAP
$1.74
consensus · see the release
QoQ−17.5%
YoY+18.4%
Revenue
$19.13B
consensus · see the release
QoQ−0.3%
YoY+28.2%

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Also on the card
Company guidance Revenue +27% to +29%; non-GAAP EPS $1.72 to $1.76 in USD
Cloud guidance Total cloud revenue +58% to +64% in USD
Prior quarter Q4 FY2026 non-GAAP EPS $2.11 including one-time investment gains; $2.03 excluding them
Consensus source press-reported estimate feeds, 10 September 2026; Nasdaq's own EPS consensus sits on a different basis

Q1 FY2027 reported results

What to watch

  1. RPO, and how much of the increase is one customer. The May quarter added $85 billion. Oracle said most of that increase came from a small number of large contracts; the concentration matters more than the total, because a backlog resting on a few counterparties is a diff…
  2. Whether total cloud revenue lands in the guided 58% to 64% USD growth band. This is the line that converts backlog into revenue, and the one place the guide is specific.
  3. Capital expenditure for the quarter, and any change to the full-year plan. Fiscal 2026 ran $55.7 billion. A step up from there is the clearest signal that the contracted demand is real; a step down would say something about the pace of conversion.
  4. Free cash flow, and how the gap was financed. Negative is expected. The question is the size and whether it is funded with more senior notes.
  5. Whether the full-year guide moves. Oracle confirmed $90 billion of fiscal 2027 revenue and raised non-GAAP EPS guidance to $8.05 on 10 June. Both were set before this quarter's bookings.

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Estimate against reported

$2.26$1.13$0.00FY2025 Q3 reported $1.02FY2025 Q3FY2025 Q4 reported $1.19FY2025 Q4FY2026 Q1 reported $1.01FY2026 Q1FY2026 Q2 reported $2.10FY2026 Q2FY2026 Q3 reported $1.27FY2026 Q3FY2026 Q4 reported $1.45FY2026 Q4FY2027 Q1 estimate $1.74FY2027 Q1 reported $1.92FY2027 Q1FY2027 Q2
Our published estimate Reported EPS
QuarterEstimateReportedSurprise
FY2025 Q3 — $1.02 —
FY2025 Q4 — $1.19 —
FY2026 Q1 — $1.01 —
FY2026 Q2 — $2.10 —
FY2026 Q3 — $1.27 —
FY2026 Q4 — $1.45 —
FY2027 Q1 $1.74 $1.92 +10%
FY2027 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.

Every quarter

Q1 FY2027Q4 FY2026Q3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025Q3 FY2025

Read the full preview → Q1 FY2027 release page View ORCL stock page