The earnings call presented a highly positive outlook for Oracle, with significant growth in cloud services, particularly in AI workloads and multi-cloud databases. The substantial increase in RPO and ambitious future revenue projections highlight strong market positioning. However, challenges remain with negative free cash flow and a slight decline in software revenue.

Company Guidance

During Oracle Corporation's Q1 FY2026 earnings call, several key metrics were highlighted that underscore the company's robust growth and strategic positioning in the AI and cloud markets. Oracle reported a total cloud revenue increase of 27%, reaching $7.2 billion, with cloud infrastructure revenue growing by 54% to $3.3 billion. The company's remaining performance obligations (RPO) surged to $455 billion, up 359% from the previous year and $317 billion from Q4, indicating substantial future revenue potential. Additionally, Oracle's multi-cloud database revenue saw a remarkable growth of 1529% in Q1. The guidance for FY2026 anticipates a 16% total revenue growth in constant currency, with Oracle Cloud Infrastructure projected to grow 77% to $18 billion and further expand to $144 billion over the next four years. Oracle also reported a non-GAAP EPS of $1.47 and a GAAP EPS of $1.01 for the quarter, with a non-GAAP tax rate slightly higher than expected, impacting EPS by $0.03. The company outlined a CapEx plan of approximately $35 billion for FY2026 to support the anticipated growth.

Record Cloud Revenue Growth

Total cloud revenue increased by 27% to $7.2 billion, with cloud infrastructure revenue up 54% to $3.3 billion and cloud database services up 32% with annualized revenues nearing $2.8 billion.

Significant Increase in Remaining Performance Obligations (RPO)

RPO reached $455 billion, marking a 359% increase from last year, and a $317 billion increase from Q4, driven by demand for Oracle Cloud infrastructure.

Strong AI Workload Adoption

Oracle has signed cloud contracts with major players like OpenAI, xAI, Meta, NVIDIA, and AMD, positioning itself as a leader in AI workloads.

Multi-Cloud Database Revenue Surge

Multi-cloud database revenue grew by 1529% in Q1, with Oracle regions being embedded in AWS, Azure, and GCP.

Ambitious Future Revenue Projections

Oracle expects Oracle Cloud Infrastructure to grow 77% to $18 billion in the current fiscal year, with projections reaching $144 billion over the next four years.

Adoption of AI in Internal Operations

Oracle is adopting AI internally to increase efficiency, with an expectation of mid-teens growth in operating income this year.

Oracle (ORCL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ORCL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 15, 2025	2026 (Q2)	1.63 / -	1.47	―	―	―
Sep 09, 2025	2026 (Q1)	1.48 / 1.47	1.39	5.76% (+0.08)	―
Jun 12, 2025	2025 (Q4)	1.64 / 1.70	1.63	4.29% (+0.07)	―
Mar 10, 2025	2025 (Q3)	1.49 / 1.47	1.41	4.26% (+0.06)	―
Dec 09, 2024	2025 (Q2)	1.48 / 1.47	1.34	9.70% (+0.13)	―
Sep 09, 2024	2025 (Q1)	1.33 / 1.39	1.19	16.81% (+0.20)	―
Jun 11, 2024	2024 (Q4)	1.65 / 1.63	1.67	-2.40% (-0.04)	―
Mar 11, 2024	2024 (Q3)	1.38 / 1.41	1.22	15.57% (+0.19)	―
Dec 11, 2023	2024 (Q2)	1.33 / 1.34	1.21	10.74% (+0.13)	―
Sep 11, 2023	2024 (Q1)	1.15 / 1.19	1.03	15.53% (+0.16)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ORCL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 09, 2025	$241.51	$328.33	+35.95%
Jun 12, 2025	$199.44	$214.76	+7.68%
Mar 10, 2025	$147.94	$143.36	-3.10%
Dec 09, 2024	$188.90	$176.29	-6.68%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.