$ORCL · ORACLE CORP

Oracle filed its 10-Q for Q1 FY2027 (ended August 31, 2026), reporting total revenues of $19.345B (+29.6% YoY), GAAP net income of $4.76B, and diluted EPS of $1.56. Cloud revenue surged to $11.607B from $7.186B, driven by cloud infrastructure which more than doubled to $7.388B. Remaining performance obligations reached $664B. Capital expenditures exploded to $28.5B from $8.5B a year ago as Oracle aggressively builds AI and cloud infrastructure.

Stock down 1.82% in regular session to $150.15 despite blockbuster results; after-hours session now active and extended-hours moves are not captured in the regular-session price. The $432.5B market cap suggests high expectations were already priced in.

Oracle's cloud infrastructure doubling and $664B backlog confirm it is now a legitimate hyperscaler contender, but the $28.5B quarterly capex burn raises the stakes on execution.

Oracle's cloud infrastructure doubling mirrors hyperscaler growth rates, positioning it as a credible fourth player alongside AWS, Azure, and GCP. The $664B remaining performance obligation backlog dwarfs most enterprise software peers and signals multi-year contracted revenue visibility.

Massive capex ramp to $28.5B/quarter (vs. $8.5B prior year) raises execution and return-on-investment risk. Total debt stands at $125.3B against $67.2B in equity. Deferred revenues doubled to $30.8B, reflecting heavy customer prepayments that create future performance obligations.