ORCL
OracleOracle Cloud Infrastructure rents large GPU clusters to AI labs.
Alerts for ORCL
01What does it supply?
Products, customers, and where it sits in the AI stack.
What the company does
Database and enterprise software, and a cloud infrastructure business.
Its role in AI
OCI has become a major provider of GPU capacity to AI model developers, alongside its database and applications business.
02How much does AI matter to its business?
Significant. A large and growing share of revenue or spending is AI-related.
Reported figures come from the company's own filings and releases. Estimates are third-party or editorial and are kept separate. The exposure label is an editorial judgment.
Reported by the company
- Cloud Infrastructure (IaaS) revenue $7.4 billion, up 121% in USD and 120% in constant currency; total cloud revenue $11.6 billion, up 62%; total revenue $19.3 billion, up 30%.Source · Q1 FY2027, three months ended August 31, 2026
- Booked more than $30 billion of additional AI cloud contracts in Q1, increasing remaining performance obligations to $664 billion, up $209 billion year over year.Source · Q1 FY2027, three months ended August 31, 2026
- Delivered more than 300,000 GPUs to AI Cloud customers, almost triple the capacity delivered in Q4 FY26; Q1 capital expenditures $28.5 billion and free cash flow negative $5 billion.Source · Q1 FY2027, three months ended August 31, 2026
- Fiscal 2027 outlook: total revenue expected to be at least $90 billion and non-GAAP EPS $8.10; completed a $20 billion common stock sale via ATM program to fund the capital investment program.Source · Guidance issued September 10, 2026
Estimates
No third-party or editorial estimates are listed for ORCL. Only company-reported figures are shown at present.
Key financial metrics, by reporting period
Company-reported, via TradingView03What should visitors watch next?
Earnings, product launches, customer spending, and the risks that matter.
Next earnings
No announced date on file. Check the investor relations page.
Last earnings release: 2026-09-10 (8-K)
Watch list
- Progress toward fiscal 2027 total revenue of at least $90 billion and non-GAAP EPS of $8.10 source
- Conversion of the $664 billion RPO into OCI revenue, and whether IaaS growth holds near the 121% reported in Q1 source
- Capex run-rate after $28.5 billion in Q1 and negative $5 billion free cash flow, alongside the $20 billion ATM equity raise source
Growth drivers
- 'Customer demand for AI Cloud Training and Inferencing Services continues to grow faster than supply,' with more than $30 billion of new AI cloud contracts booked in Q1 source
- New Oracle AI Data Platform that fully automates creation of Enterprise Ontologies, and a 100% Agentic AI Healthcare Management system for hospitals and clinics source
- 10-K: 'Oracle Cloud offerings, which have built-in AI capabilities, represent opportunities for us to continue to expand our business,' with OCI AI services designed to be embedded into customer applications source
Risks
- Oracle's AI offerings may underperform competitors, fail to meet customer needs, or cost more than expected to develop and maintain source
- Securing affordable data center capacity, managing long-term lease commitments and obtaining sufficient power present material risks to cloud profitability, and certain OCI offerings are concentrated among a number of large customers source
- Single-source component dependencies, GPU shortages and power limitations threaten Oracle's ability to deliver cloud infrastructure and maintain margins source
The company's own risk factors: 10-K filed 2026-06-22, Item 1A.
Recent developments: SEC filings
Source: SEC EDGAR · refreshed every 15 min- 8-KCurrent report · items 8.01,9.012026-09-14documentfolder
- 10-QQuarterly report2026-09-11documentfolder
- 8-KEarnings release · items 2.02,8.01,9.012026-09-10documentfolder
- 10-KAnnual report2026-06-22documentfolder
- 8-KEarnings release · items 2.02,8.01,9.012026-06-10documentfolder
- 8-KCurrent report · items 5.02,7.01,9.012026-05-12documentfolder
- 8-KCurrent report · items 5.02,7.01,9.012026-04-06documentfolder
- 10-QQuarterly report2026-03-11documentfolder
- 8-KEarnings release · items 2.02,8.01,9.012026-03-10documentfolder
- 8-KCurrent report · items 1.01,3.03,5.03,9.012026-02-05documentfolder
- 8-KCurrent report · items 1.01,8.01,9.012026-02-04documentfolder
- 8-KCurrent report · items 5.022026-01-09documentfolder
Insider trades
Form 4, last 6 filings| Insider | Transaction | Shares | Avg price | Filed |
|---|---|---|---|---|
HENLEY JEFFREY Director, Vice Chairman | Option exercise · acquired | 400,000 | $40.93 | 2026-06-26 |
HENLEY JEFFREY Director, Vice Chairman | Open-market sale · disposed | 400,000 | $159.16 | 2026-06-26 |
MOORMAN CHARLES W Director | Option exercise · acquired | 2,114 | — | 2026-06-02 |
Fairhead Rona Alison Director | Option exercise · acquired | 2,114 | — | 2026-06-02 |
Fairhead Rona Alison Director | Tax withholding · disposed | 58 | $225.78 | 2026-06-02 |
News
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Original sources
- Investor relations — earnings dates, releases, presentations
- SEC EDGAR company page — every filing (CIK 0001341439)
- Latest annual report (10-K) — filed 2026-06-22
- TradingView symbol page — full chart and data
Research note — Fiscal year ends May 31; Q1 FY2027 ended August 31, 2026 and was reported September 10, 2026. No Q2 FY2027 earnings date announcement found on investor.oracle.com as of 2026-09-17. Oracle's investor-news listing page loads dynamically and could not be read; the release was reached via search-located URL on the company's own site.