Oracle Corporation Q1 2027 Earnings Recap

ORCL Q1 2027 Published September 12, 2026

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Oracle’s shares fell 1.7% after earnings, a roughly flat reaction. Revenue and cloud infrastructure accelerated, while expected gross-margin pressure from data-center ramp-up and negative free cash flow temper the picture.

Earnings Per Share Beat

$1.92 vs $1.74 est.

+10.3% surprise

Revenue Beat

19345000000 vs 19134970000 est.

+1.1% surprise

Market Reaction

Post-Earnings -1.74%

Sep 12 to Sep 17 +0.29%

Sep 12 to Oct 4 -5.23%

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Key Takeaways

Revenue was a record $19.3 billion, up 30% year over year; the company said Q1 revenue grew sequentially for the first time.
Cloud infrastructure revenue rose 121%, after 93% growth in Q4. Management expects further acceleration through the rest of fiscal 2027 as RPO converts to revenue.
Non-GAAP operating income increased 31% to $8.2 billion and non-GAAP EPS rose 30% to $1.92. Gross margin declined as expected, while operating margin remained around 42%.
Cash from operations was $23 billion, against $28 billion of CapEx, resulting in negative free cash flow of $5 billion. Oracle expects $90 billion–$95 billion of CapEx for the full year.
RPO increased $26 billion from Q4. Oracle said the vast majority of new contracts involved prepayments, bring-your-own-hardware, or similar arrangements, and would not affect CapEx or revenue until fiscal 2028 or later.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit ORCL on AllInvestView.

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