Oracle (ORCL) Stock Research: Earnings & Risks

Business position and research focus

Does cloud monetization justify capex and depreciation?

Key risks

Relevant products do not establish a shortage, AI-only revenue or attractive valuation.

Business source ↗

Business mapping checked 2026-09-10

Earnings in context

Quarterly profit · $4.76B

US GAAP · Net income attributable to the parent · 2026-06-01 — 2026-08-31

Reported net income includes non-operating and one-off items. It does not establish recurring profitability, positive cash flow or an attractive valuation.

Net income source ↗

Period and source details

Published 2026-09-11 · Checked 2026-09-19

us-gaap:NetIncomeLoss; 2026-06-01 to 2026-08-31; USD; 10-Q

Reported revenue · $19.35B

Q1 FY2027 · Company total; not AI-only revenue · Checked 2026-09-11

Revenue source ↗

Company-issued earnings release; USD reported growth. Supersedes the older Q4 FY2026 snapshot.

Revenue and net income may refer to different reporting periods. Read each period before comparing them; these are dated disclosures, not a live earnings feed.

Operating performance: earnings, orders and cash flow

Q1 FY2027 · Period ended 2026-08-31 · Checked (UTC) 2026-09-11

Cloud infrastructure revenue: 7,400 USD million
GAAP operating income: 6,728 USD million
Operating cash flow (rounded): 23,000 USD million
Free cash flow (non-GAAP, rounded): -5,000 USD million

Cloud growth coexists with negative free cash flow. The release also reports $20B of common-stock issuance before commissions; dilution and funding still matter. Cloud infrastructure is not exclusively AI.

Original disclosure for these figures ↗

Published 2026-09-10 · Results narrative; condensed statements of operations

Company information reflects the sources and dates shown. It is not personalized investment advice. Methodology · Suggest a correction

Explore company relationships →

Oracle · ORCL