Exhibit 99.1 For Immediate Release
Contact: Ken Bond Deborah Hellinger Oracle Investor Relations Oracle Corporate Communications 1.650.607.0349 1.212.508.7935 ken.bond@oracle.com deborah.hellinger@oracle.com
Oracle Announces Q1 Results Driven by Triple Digit Growth in Cloud Infrastructure Revenues • Q1 GAAP Earnings per Share up 55% in USD and up 54% in constant currency to $1.56, non-GAAP Earnings per Share up 30% in USD and constant currency to $1.92. • Record Q1 Total Revenues up 30% in USD and constant currency to $19.3 billion. • Record Q1 Total Cloud Revenues up 62% in USD & up 61% in constant currency to $11.6 billion. o Q1 Cloud Infra (IaaS) Revenue up 121% in USD & up 120% in constant currency to $7.4 billion. o Q1 Cloud Apps (SaaS) Revenue up 10% in USD and constant currency to $4.2 billion. • Remaining Performance Obligations or RPO up $209 billion year-over-year to $664 billion AUSTIN, Texas, September 10, 2026 -- Oracle Corporation (NYSE: ORCL) today announced Q1 FY27 results with strong revenue growth. Total quarterly revenues increased 30% to $19.3 billion, reflecting strong execution in our infrastructure business, with the delivery of 850MW additional datacenter capacity. Cloud revenues (IaaS + SaaS) increased 62% to $11.6 billion, driven by 121% growth in Cloud Infrastructure (IaaS), and 10% growth in Cloud Applications (SaaS). Software revenues were down 3% to $5.5 billion, reflecting our customers’ continuing migration from on-premises software to the Cloud. Services revenues were $1.4 billion, up 5%, and Hardware revenues were $0.8 billion, up 15%. Oracle generated Q1 GAAP operating income of $6.7 billion, up 57%, while non-GAAP operating income rose to $8.2 billion, up 31%, driven by continued broad-based demand in Cloud Infrastructure and Cloud Applications. GAAP net income available to common shareholders reached $4.7 billion, up 60%, and non- GAAP net income available to common shareholders grew to $5.8 billion, up 34%. Q1 GAAP earnings per share increased to $1.56, up 55%, and non-GAAP earnings per share climbed to $1.92, up 30%. Oracle’s strong operating income translated to a record Q1 operating cash flow of $23 billion, up 184%. Free cash flow was negative $5 billion for Q1 as Oracle continued to execute on investments to support the growth of its Cloud Infrastructure business. Remaining Performance Obligations Customer demand for AI Cloud Training and Inferencing Services continues to grow faster than supply. Oracle booked more than $30 billion of additional AI cloud contracts in Q1 increasing its RPO to $664 billion. Based on the structuring of those new contracts, the Company confirms there is no incremental impact on its plans to raise capital. Since the end of Q4, Oracle also delivered more than 300,000 GPUs to its AI Cloud customers and almost triple the capacity delivered in Q4 FY26. Capital Investment Program and Capital Funding During Q1 FY 2027, Oracle successfully completed the sale of $20 billion of common stock (before commissions) through an At-the-Market (ATM) equity program, as part of its previously disclosed capital investment program. Guidance for Q2 FY 2027 Oracle is providing the following forward-looking guidance for Q2 FY 2027: • Total revenues are expected to grow between 30% and 34% in constant currency and USD. • Total Cloud revenue is expected to grow between 64% and 70% in constant currency and between 65% and 71% in USD. • Non- GAAP earnings per share is expected to be between $1.83 and $1.91 in constant currency and between $1.85 and $1.93 in USD, which represents growth of 19% to 23% in constant currency and 21% to 25% in USD excluding a one-time gain from Q2 FY2026 1 . Guidance for Full FY 2027 For fiscal year 2027, we now expect total revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10. New Oracle AI Data Platform Automatically Generates Enterprise Ontology Virtually all of Oracle’s enterprise customers want to use AI to reason on their private data and to use AI agents to automate their business processes. To do this efficiently, customers must first precisely describe the semantic details of their private data and business processes in an Enterprise Ontology (a model defining the core concepts, relationships and rules of the business). Palantir pioneered the use of AI on private enterprise data by carefully crafting Enterprise Ontologies for each of their customers. The new Oracle AI Data Platform fully automates the creation of Enterprise Ontologies—making it inexpensive, easy and fast and for any enterprise to use the most advanced AI models to reason on their private data and automate their business processes. New 100% Agentic AI Health Care Management System for Hospitals and Clinics Oracle’s AI Health Care Management and Electronic Health Records system is an all-new 100% Agentic system made up of a collection of AI agents for every medical specialty from General Medicine to Oncology to Radiology. These specialized AI agents assist medical professionals in diagnosing and treating their patients—leading to better quality of care and better outcomes. AI is on the brink of making quality healthcare accessible to more people throughout the world. Common Stock Quarterly Dividend The board of directors declared a quarterly cash dividend of $0.50 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on October 9, 2026, with a payment date of October 23, 2026. Footnote 1 – Q2 FY26 results included a one- time net investment gain from the sale of Oracle's interest in Ampere. Including the investment gain, Q2 FY27 non-GAAP earnings per share is expected to decline between -19% and -15% in constant currency and decline between -18% and -14% in USD. Earnings Conference Call and Webcast Oracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. A live and replay webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor/. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com. # # # Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. "Safe Harbor" Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, including statements regarding the anticipated benefits and future use cases for AI, expected future revenues, cloud revenue growth, earnings per share, and future dividend payments are "forward-looking statements" and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services, including our AI products; our AI products not operating as anticipated; our ability to successfully execute our Oracle Cloud strategy; our ability to anticipate, plan for, secure and manage datacenter capacity; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components such as graphic processing units; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions, joint ventures and strategic alliances; business volatility and risks associated with government contracting; economic, political and market conditions, including tariffs and trade wars; information technology system failures, privacy and data security concerns; cybersecurity breaches; disruptions from our period workforce restructurings; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations, including healthcare regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of September 10, 2026. Oracle undertakes no duty to update any statement in light of new information or future events.
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data)
(1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2026, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the three months ended August 31, 2026 compared with the corresponding prior year period decreased our total operating expenses by 1 percentage point. (2) Provision for income taxes for the first quarter of fiscal 2026 includes the impact of the U.S. One, Big, Beautiful Bill Act, which was signed into law on July 4, 2025. 1 ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1) ($ in millions, except per share data)
(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A. (2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2026, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. (3) Stock-based compensation was included in the following GAAP operating expense categories:
(4) Estimated future annual amortization expense related to intangible assets as of August 31, 2026 was as follows:
Remainder of fiscal 2027 $ 529 Fiscal 2028 694 Fiscal 2029 620 Fiscal 2030 582 Fiscal 2031 377 Fiscal 2032 182 Thereafter 43 Total intangible assets, net $ 3,027
(5) Income tax effects were calculated reflecting an effective GAAP tax rate of 15.1% and 14.6% in the first quarter of fiscal 2027 and 2026, respectively, and an effective non-GAAP tax rate of 16.9% and 20.5% in the first quarter of fiscal 2027 and 2026, respectively. The difference in our GAAP and non-GAAP tax rates in each of the first quarters of fiscal 2027 and 2026 was primarily due to the net tax effects related to stock-based compensation expense, amortization of intangible assets and restructuring and other expense, partially offset by the net deferred tax effects related to an income tax benefit that was previously recorded due to the partial realignment of our legal entity structure; and, for the first quarter of fiscal 2026, also due to the impact of the U.S. One, Big, Beautiful Bill Act (refer to Appendix A for additional information).
2 ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS CONDENSED CONSOLIDATED BALANCE SHEETS ($ in millions)
August 31, May 31, 2026 2026 ───────────────────────────────────────────────────────────────────── ASSETS Current Assets: Cash and cash equivalents $ 36,369 $ 31,289 Marketable securities 708 605 Trade receivables, net 11,394 10,385 Prepaid expenses and other current 7,159 4,288 assets Total Current Assets 55,630 46,567 Non-Current Assets: Property, plant and equipment, net 127,845 99,957 Operating lease right-of-use assets 33,967 29,690 Goodwill 62,267 62,261 Deferred tax assets 11,625 11,541 Other non-current assets 11,925 11,743 Total Non-Current Assets 247,629 215,192 TOTAL ASSETS $ 303,259 $ 261,759 LIABILITIES AND STOCKHOLDERS’ EQUITY Current Liabilities: Notes payable and other borrowings, $ 7,625 $ 7,199 current Accounts payable 11,063 10,977 Accrued compensation and related 1,760 2,225 benefits Deferred revenues 14,686 9,916 Other current liabilities 12,380 11,447 Total Current Liabilities 47,514 41,764 Non-Current Liabilities: Notes payable and other borrowings, 117,712 122,342 non-current Income taxes payable 12,060 11,771 Operating lease liabilities 30,594 26,648 Other non-current liabilities 28,183 16,178 Total Non-Current Liabilities 188,549 176,939 Stockholders’ Equity 67,196 43,056 TOTAL LIABILITIES AND STOCKHOLDERS’ $ 303,259 $ 261,759 EQUITY
3 ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS ($ in millions)
Three Months Ended Cash Flows From August 31, Operating Activities: 2026 2025 ────────────────────────────────────────────────────────────────────────────── Net income $ 4,760 $ 2,927 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 3,156 1,351 Amortization of 202 420 intangible assets Deferred income taxes (73 ) 515 Stock-based 1,127 1,124 compensation Other, net (4 ) 164 Changes in operating assets and liabilities: Increase in trade (1,009 ) (245 ) receivables, net Decrease in prepaid expenses and other 114 59 assets Decrease in accounts payable and other (1,076 ) (334 ) liabilities Increase (decrease) in income taxes 546 (391 ) payable Increase in deferred revenues from customer prepayments 11,363 — with significant financing component Increase in other 3,997 2,550 deferred revenues Net cash provided by operating 23,103 8,140 activities Cash Flows From Investing Activities: Purchases of marketable securities (306 ) (471 ) and other investments Proceeds from sales and maturities of marketable securities 225 255 and other investments Capital expenditures (28,499 ) (8,502 ) Net cash used for (28,580 ) (8,718 ) investing activities Cash Flows From Financing Activities: Proceeds from issuances of common stock 19,909 — via at-the-market program, net of issuance costs Net proceeds from employee stock 41 1,153 programs Payments of dividends (1,565 ) (1,413 ) to stockholders Repayments of — (238 ) commercial paper, net (Repayments of) proceeds from short-term (830 ) 1,958 financing related to capital expenditures, net Repayments of senior notes, term loan (4,202 ) (1,052 ) credit agreements and other borrowings Other financing (242 ) (198 ) activities, net Net cash provided by financing 13,111 210 activities Effect of exchange rate changes on cash, 11 27 cash equivalents and restricted cash Net increase (decrease) in cash, cash 7,645 (341 ) equivalents and restricted cash Cash, cash equivalents and restricted 31,289 10,786 cash at beginning of period Cash, cash equivalents and $ 38,934 $ 10,445 restricted cash at end of period
4 ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS FREE CASH FLOW (1) ($ in millions)
(1) To supplement our statements of cash flows presented on a GAAP basis, we use non-GAAP measures of cash flows to analyze cash flow generated from operations. We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. The presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an alternative to cash flows from operating activities as a measure of liquidity. ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS NET CASH OUTLAY FOR CAPITAL EXPENDITURES (1) ($ in millions)
(1) To supplement our cash flow for capital expenditures presented in our statements of cash flows in accordance with GAAP, we provide net cash outlay for capital expenditures. Net cash outlay for capital expenditures is defined as capital expenditures, less (1) other short-term financing cash flow related to capital expenditures and (2) customer prepayments with significant financing component for capital expenditures. We believe this supplemental presentation of net cash outlay for capital expenditures is useful because it provides additional information about the cash requirement for funding of our capital expenditures and is used by management when forecasting expected capital expenditures. (2) Represents other short-term financing cash flows related to capital expenditures as reported in cash flows from financing activities in our statements of cash flows. We use third-party manufacturing partners to produce most of our cloud infrastructure assets and in some cases supply them with components purchased directly from suppliers. Certain of these arrangements result in a portion of the cash received from and paid to third-party manufacturers presented within financing activities in our statements of cash flows. (3) Represents customer prepayments with significant financing component as reported in cash flows from operating activities in our cash flow statements presented in accordance with GAAP. 5 ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS SUPPLEMENTAL ANALYSIS OF GAAP REVENUES (1) ($ in millions)
(1) The sum of the quarterly information presented may vary from the year-to- date information presented due to rounding. (2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2026 and 2025 for the fiscal 2027 and fiscal 2026 constant currency growth rate calculations presented, respectively, rather than the actual exchange rates in effect during the respective periods. 6 APPENDIX A ORACLE CORPORATION
EXPLANATION OF NON-GAAP MEASURES To supplement our financial results presented on a GAAP basis, we use the non- GAAP measures indicated in the tables, which exclude certain significant expenses including stock-based compensation, expenses related to acquisitions, restructuring and certain other operating expenses, that we believe are helpful in understanding our past financial performance and our future results. Our non- GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects related to each of the below items except for the impact of the U.S. One, Big, Beautiful Bill Act:
•Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses, income tax effects and net income measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.
•Amortization of intangible assets: We have excluded the effect of amortization of intangible assets from our non-GAAP operating expenses, income tax effects and net income measures. Amortization of intangible assets is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to our revenues earned during the periods presented and will contribute to our future period revenues as well. Amortization of intangible assets will recur in future periods.
•Restructuring and other expenses: We have excluded the effect of restructuring and other expenses from our non-GAAP operating expenses, income tax effects and net income measures. We incurred expenses in connection with our restructuring activities and also incurred certain other operating expenses or income, which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Restructuring and other expenses consist of employee severance costs and other exit costs related to our restructuring activities, certain asset impairment charges and certain other operating items, net. We believe it is useful for investors to understand the effects of these items on our total operating expenses.
•Impact of the U.S. One, Big, Beautiful Bill Act (OBBBA): OBBBA was signed into law on July 4, 2025. We recorded a net tax expense of $958 million during the first quarter of fiscal 2026, primarily related to the remeasurement of a deferred tax liability previously recorded during fiscal 2021, as part of the partial realignment of our legal entity structure. We have excluded the impact of this charge from our non-GAAP income taxes and net income measures in the first quarter of fiscal 2026. We believe making these adjustments provides insight to our operating performance and comparability to past operating results. 7
Full text with the tables
Exhibit 99.1 For Immediate Release
Contact: Ken Bond Deborah Hellinger
Oracle Investor Relations Oracle Corporate Communications
1.650.607.0349 1.212.508.7935
ken.bond@oracle.com deborah.hellinger@oracle.com
Oracle Announces Q1 Results Driven by Triple Digit Growth in Cloud
Infrastructure Revenues • Q1 GAAP Earnings per Share up 55% in USD and up 54% in
constant currency to $1.56, non-GAAP Earnings per Share up 30% in USD and
constant currency to $1.92. • Record Q1 Total Revenues up 30% in USD and
constant currency to $19.3 billion. • Record Q1 Total Cloud Revenues up 62% in
USD & up 61% in constant currency to $11.6 billion. o Q1 Cloud Infra (IaaS)
Revenue up 121% in USD & up 120% in constant currency to $7.4 billion. o Q1
Cloud Apps (SaaS) Revenue up 10% in USD and constant currency to $4.2 billion. •
Remaining Performance Obligations or RPO up $209 billion year-over-year to $664
billion AUSTIN, Texas, September 10, 2026 -- Oracle Corporation (NYSE: ORCL)
today announced Q1 FY27 results with strong revenue growth. Total quarterly
revenues increased 30% to $19.3 billion, reflecting strong execution in our
infrastructure business, with the delivery of 850MW additional datacenter
capacity. Cloud revenues (IaaS + SaaS) increased 62% to $11.6 billion, driven by
121% growth in Cloud Infrastructure (IaaS), and 10% growth in Cloud Applications
(SaaS). Software revenues were down 3% to $5.5 billion, reflecting our
customers’ continuing migration from on-premises software to the Cloud. Services
revenues were $1.4 billion, up 5%, and Hardware revenues were $0.8 billion, up
15%. Oracle generated Q1 GAAP operating income of $6.7 billion, up 57%, while
non-GAAP operating income rose to $8.2 billion, up 31%, driven by continued
broad-based demand in Cloud Infrastructure and Cloud Applications. GAAP net
income available to common shareholders reached $4.7 billion, up 60%, and non-
GAAP net income available to common shareholders grew to $5.8 billion, up 34%.
Q1 GAAP earnings per share increased to $1.56, up 55%, and non-GAAP earnings per
share climbed to $1.92, up 30%. Oracle’s strong operating income translated to a
record Q1 operating cash flow of $23 billion, up 184%. Free cash flow was
negative $5 billion for Q1 as Oracle continued to execute on investments to
support the growth of its Cloud Infrastructure business. Remaining Performance
Obligations Customer demand for AI Cloud Training and Inferencing Services
continues to grow faster than supply. Oracle booked more than $30 billion of
additional AI cloud contracts in Q1 increasing its RPO to $664 billion. Based on
the structuring of those new contracts, the Company confirms there is no
incremental impact on its plans to raise capital. Since the end of Q4, Oracle
also delivered more than 300,000 GPUs to its AI Cloud customers and almost
triple the capacity delivered in Q4 FY26. Capital Investment Program and Capital
Funding During Q1 FY 2027, Oracle successfully completed the sale of $20 billion
of common stock (before commissions) through an At-the-Market (ATM) equity
program, as part of its previously disclosed capital investment program.
Guidance for Q2 FY 2027 Oracle is providing the following forward-looking
guidance for Q2 FY 2027: • Total revenues are expected to grow between 30% and
34% in constant currency and USD. • Total Cloud revenue is expected to grow
between 64% and 70% in constant currency and between 65% and 71% in USD. • Non-
GAAP earnings per share is expected to be between $1.83 and $1.91 in constant
currency and between $1.85 and $1.93 in USD, which represents growth of 19% to
23% in constant currency and 21% to 25% in USD excluding a one-time gain from Q2
FY2026 1 . Guidance for Full FY 2027 For fiscal year 2027, we now expect total
revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10. New Oracle
AI Data Platform Automatically Generates Enterprise Ontology Virtually all of
Oracle’s enterprise customers want to use AI to reason on their private data and
to use AI agents to automate their business processes. To do this efficiently,
customers must first precisely describe the semantic details of their private
data and business processes in an Enterprise Ontology (a model defining the core
concepts, relationships and rules of the business). Palantir pioneered the use
of AI on private enterprise data by carefully crafting Enterprise Ontologies for
each of their customers. The new Oracle AI Data Platform fully automates the
creation of Enterprise Ontologies—making it inexpensive, easy and fast and for
any enterprise to use the most advanced AI models to reason on their private
data and automate their business processes. New 100% Agentic AI Health Care
Management System for Hospitals and Clinics Oracle’s AI Health Care Management
and Electronic Health Records system is an all-new 100% Agentic system made up
of a collection of AI agents for every medical specialty from General Medicine
to Oncology to Radiology. These specialized AI agents assist medical
professionals in diagnosing and treating their patients—leading to better
quality of care and better outcomes. AI is on the brink of making quality
healthcare accessible to more people throughout the world. Common Stock
Quarterly Dividend The board of directors declared a quarterly cash dividend of
$0.50 per share of outstanding common stock. This dividend will be paid to
stockholders of record as of the close of business on October 9, 2026, with a
payment date of October 23, 2026. Footnote 1 – Q2 FY26 results included a one-
time net investment gain from the sale of Oracle's interest in Ampere. Including
the investment gain, Q2 FY27 non-GAAP earnings per share is expected to decline
between -19% and -15% in constant currency and decline between -18% and -14% in
USD. Earnings Conference Call and Webcast Oracle will hold a conference call and
webcast today to discuss these results at 4:00 p.m. Central. A live and replay
webcast will be available on the Oracle Investor Relations website at
www.oracle.com/investor/. About Oracle Oracle offers integrated suites of
applications plus secure, autonomous infrastructure in the Oracle Cloud. For
more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com. #
# # Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of
Oracle Corporation. NetSuite was the first cloud company—ushering in the new era
of cloud computing. "Safe Harbor" Statement: Statements in this press release
relating to future plans, expectations, beliefs, intentions and prospects,
including statements regarding the anticipated benefits and future use cases for
AI, expected future revenues, cloud revenue growth, earnings per share, and
future dividend payments are "forward-looking statements" and are subject to
material risks and uncertainties. Risks and uncertainties that could affect our
current expectations and our actual results, include, among others: our ability
to develop new products and services, integrate acquired products and services
and enhance our existing products and services, including our AI products; our
AI products not operating as anticipated; our ability to successfully execute
our Oracle Cloud strategy; our ability to anticipate, plan for, secure and
manage datacenter capacity; our management of complex cloud and hardware
offerings, including the sourcing of technologies and technology components such
as graphic processing units; significant coding, manufacturing or configuration
errors in our offerings; risks associated with acquisitions, joint ventures and
strategic alliances; business volatility and risks associated with government
contracting; economic, political and market conditions, including tariffs and
trade wars; information technology system failures, privacy and data security
concerns; cybersecurity breaches; disruptions from our period workforce
restructurings; unfavorable legal proceedings, government investigations, and
complex and changing laws and regulations, including healthcare regulations. A
detailed discussion of these factors and other risks that affect our business is
contained in our SEC filings, including our most recent reports on Form 10-K and
Form 10-Q, particularly under the heading "Risk Factors." Copies of these
filings are available online from the SEC or by contacting Oracle's Investor
Relations Department at (650) 506-4073 or by clicking on SEC Filings on the
Oracle Investor Relations website at www.oracle.com/investor/. All information
set forth in this press release is current as of September 10, 2026. Oracle
undertakes no duty to update any statement in light of new information or future
events.
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS ($ in millions, except per share data)
%
Three Incr…
Mont… % (Dec…
Ended Inc… in
Augu… (De… Cons…
31, % of % of in Curr…
REV… 2026 Reve… 2025 Reve… US $ (1)
──────────────────────────────────────────────────────────────────────────────
Clo… $ 11,6… 60% $ 7,186 48% 62% 61%
Sof… 5,550 29% 5,721 38% -3% -3%
Har… 774 4% 670 5% 15% 16%
Ser… 1,414 7% 1,349 9% 5% 5%
Tot… 19,3… 100% 14,9… 100% 30% 30%
rev…
OPE…
EXP…
Clo…
and 6,400 33% 3,607 24% 77% 78%
sof…
Har… 281 2% 178 1% 58% 57%
Ser… 1,052 5% 1,099 7% -4% -4%
Sal…
and 1,811 9% 2,063 14% -12% -12%
mar…
Res…
and 2,401 12% 2,491 17% -4% -3%
dev…
Gen…
and 376 2% 376 2% 0% 0%
adm…
Amo…
of 202 1% 420 3% -52% -52%
int…
ass…
Res…
and 94 1% 415 3% -77% -77%
oth…
Tot…
ope… 12,6… 65% 10,6… 71% 18% 19%
exp…
OPE… 6,728 35% 4,277 29% 57% 57%
INC…
Int… (1,4… ) -8% (923 ) -6% 55% 55%
exp…
Non…
inc… 307 2% 73 0% 323% 331%
net
INC…
BEF… 5,607 29% 3,427 23% 64% 63%
INC…
TAX…
Pro…
for
inc… 847 4% 500 3% 69% 69%
tax…
(2)
NET $ 4,760 25% $ 2,927 20% 63% 62%
INC…
Pre…
sto… 81 —
div…
NET
INC…
AVA… $ 4,679 $ 2,927
TO
COM…
SHA…
EAR…
PER
SHA…
ATT…
TO
COM…
SHA…
Bas… $ 1.58 $ 1.04
Dil… $ 1.56 $ 1.01
WEI…
AVE…
COM…
SHA…
OUT…
Bas… 2,966 2,826
Dil… 3,000 2,909
(1) We compare the percent change in the results from one period to another
period using constant currency disclosure. We present constant currency
information to provide a framework for assessing how our underlying businesses
performed excluding the effect of foreign currency rate fluctuations. To present
this information, current and comparative prior period results for entities
reporting in currencies other than United States dollars are converted into
United States dollars at the exchange rates in effect on May 31, 2026, which was
the last day of our prior fiscal year, rather than the actual exchange rates in
effect during the respective periods. Movements in international currencies
relative to the United States dollar during the three months ended August 31,
2026 compared with the corresponding prior year period decreased our total
operating expenses by 1 percentage point. (2) Provision for income taxes for the
first quarter of fiscal 2026 includes the impact of the U.S. One, Big, Beautiful
Bill Act, which was signed into law on July 4, 2025.
1
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS RECONCILIATION OF SELECTED
GAAP MEASURES TO NON-GAAP MEASURES (1) ($ in millions, except per share data)
%
… % I…
… I… (…
… (… in
… in C…
… US C…
… … … … $ (…
… … … … … … G… … G… …
──────────────────────────────────────────────────────────────────────────────
$ … $ — $ … $ … $ — $ … 3… … 3… …
$ … $ … ) $ … $ … $ … ) $ … 1… … 1… …
… … ) — … … ) — 0% * 0% *
… … ) — … … ) — -… * -… *
… … ) — … … ) — -… * -… *
$ … $ … $ … $ … $ … $ … 5… … 5… …
… … … … 6… … 5… …
b… … b… …
$ … $ … $ … $ … $ … $ … 6… … 6… …
$ … $ … $ … $ … $ … $ … 6… … 6… …
$ … $ … $ … $ … $ … $ … 6… … 5… …
$ … $ … $ … $ … 5… … 5… …
… — … … — … 3% … 3% …
(1) This presentation includes non-GAAP measures. Our non-GAAP measures are not
meant to be considered in isolation or as a substitute for comparable GAAP
measures, and should be read only in conjunction with our consolidated financial
statements prepared in accordance with GAAP. For a detailed explanation of the
adjustments made to comparable GAAP measures, the reasons why management uses
these measures, the usefulness of these measures and the material limitations on
the usefulness of these measures, please see Appendix A. (2) We compare the
percent change in the results from one period to another period using constant
currency disclosure. We present constant currency information to provide a
framework for assessing how our underlying businesses performed excluding the
effect of foreign currency rate fluctuations. To present this information,
current and comparative prior period results for entities reporting in
currencies other than United States dollars are converted into United States
dollars at the exchange rates in effect on May 31, 2026, which was the last day
of our prior fiscal year, rather than the actual exchange rates in effect during
the respective periods. (3) Stock-based compensation was included in the
following GAAP operating expense categories:
Th… Th…
Mo… Mo…
En… En…
Au… Au…
31, 31,
20… 20…
──────────────────────────────────────────────────────────────────────────────
GA… Ad… No… GA… Ad… No…
C…
a… $ 134 $ (1… ) $ — $ 156 $ (1… ) $ —
s…
H… 6 (6 ) — 7 (7 ) —
S… 51 (51 ) — 49 (49 ) —
S…
a… 171 (1… ) — 177 (1… ) —
m…
R…
a… 667 (6… ) — 647 (6… ) —
d…
G…
a… 98 (98 ) — 88 (88 ) —
a…
T…
s… $ 1,… $ (1… ) $ — $ 1,… $ (1… ) $ —
c…
(4) Estimated future annual amortization expense related to intangible assets as
of August 31, 2026 was as follows:
Remainder of fiscal 2027 $ 529
Fiscal 2028 694
Fiscal 2029 620
Fiscal 2030 582
Fiscal 2031 377
Fiscal 2032 182
Thereafter 43
Total intangible assets, net $ 3,027
(5) Income tax effects were calculated reflecting an effective GAAP tax rate of
15.1% and 14.6% in the first quarter of fiscal 2027 and 2026, respectively, and
an effective non-GAAP tax rate of 16.9% and 20.5% in the first quarter of fiscal
2027 and 2026, respectively. The difference in our GAAP and non-GAAP tax rates
in each of the first quarters of fiscal 2027 and 2026 was primarily due to the
net tax effects related to stock-based compensation expense, amortization of
intangible assets and restructuring and other expense, partially offset by the
net deferred tax effects related to an income tax benefit that was previously
recorded due to the partial realignment of our legal entity structure; and, for
the first quarter of fiscal 2026, also due to the impact of the U.S. One, Big,
Beautiful Bill Act (refer to Appendix A for additional information).
* Not meaningful
2
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS CONDENSED CONSOLIDATED
BALANCE SHEETS ($ in millions)
August 31, May 31,
2026 2026
─────────────────────────────────────────────────────────────────────
ASSETS
Current Assets:
Cash and cash equivalents $ 36,369 $ 31,289
Marketable securities 708 605
Trade receivables, net 11,394 10,385
Prepaid expenses and other current 7,159 4,288
assets
Total Current Assets 55,630 46,567
Non-Current Assets:
Property, plant and equipment, net 127,845 99,957
Operating lease right-of-use assets 33,967 29,690
Goodwill 62,267 62,261
Deferred tax assets 11,625 11,541
Other non-current assets 11,925 11,743
Total Non-Current Assets 247,629 215,192
TOTAL ASSETS $ 303,259 $ 261,759
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Notes payable and other borrowings, $ 7,625 $ 7,199
current
Accounts payable 11,063 10,977
Accrued compensation and related 1,760 2,225
benefits
Deferred revenues 14,686 9,916
Other current liabilities 12,380 11,447
Total Current Liabilities 47,514 41,764
Non-Current Liabilities:
Notes payable and other borrowings, 117,712 122,342
non-current
Income taxes payable 12,060 11,771
Operating lease liabilities 30,594 26,648
Other non-current liabilities 28,183 16,178
Total Non-Current Liabilities 188,549 176,939
Stockholders’ Equity 67,196 43,056
TOTAL LIABILITIES AND STOCKHOLDERS’ $ 303,259 $ 261,759
EQUITY
3
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS ($ in millions)
Three Months Ended
Cash Flows From August 31,
Operating Activities: 2026 2025
──────────────────────────────────────────────────────────────────────────────
Net income $ 4,760 $ 2,927
Adjustments to
reconcile net income
to
net cash provided by
operating
activities:
Depreciation 3,156 1,351
Amortization of 202 420
intangible assets
Deferred income taxes (73 ) 515
Stock-based 1,127 1,124
compensation
Other, net (4 ) 164
Changes in operating
assets and
liabilities:
Increase in trade (1,009 ) (245 )
receivables, net
Decrease in prepaid
expenses and other 114 59
assets
Decrease in accounts
payable and other (1,076 ) (334 )
liabilities
Increase (decrease)
in income taxes 546 (391 )
payable
Increase in deferred
revenues from
customer prepayments 11,363 —
with significant
financing component
Increase in other 3,997 2,550
deferred revenues
Net cash provided by
operating 23,103 8,140
activities
Cash Flows From
Investing Activities:
Purchases of
marketable securities (306 ) (471 )
and
other investments
Proceeds from sales
and maturities of
marketable securities 225 255
and other
investments
Capital expenditures (28,499 ) (8,502 )
Net cash used for (28,580 ) (8,718 )
investing activities
Cash Flows From
Financing Activities:
Proceeds from
issuances of common
stock 19,909 —
via at-the-market
program, net of
issuance costs
Net proceeds from
employee stock 41 1,153
programs
Payments of dividends (1,565 ) (1,413 )
to stockholders
Repayments of — (238 )
commercial paper, net
(Repayments of)
proceeds from
short-term (830 ) 1,958
financing related to
capital
expenditures, net
Repayments of senior
notes, term loan (4,202 ) (1,052 )
credit agreements and
other borrowings
Other financing (242 ) (198 )
activities, net
Net cash provided by
financing 13,111 210
activities
Effect of exchange
rate changes on cash, 11 27
cash equivalents and
restricted cash
Net increase
(decrease) in cash,
cash 7,645 (341 )
equivalents and
restricted cash
Cash, cash
equivalents and
restricted 31,289 10,786
cash at beginning of
period
Cash, cash
equivalents and $ 38,934 $ 10,445
restricted
cash at end of period
4
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS FREE CASH FLOW (1) ($ in
millions)
… …
… …
… … … … … … … … … …
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ … $ … $ … $ …
… ) … ) … ) … ) … ) … ) … )
$ … ) $ … ) $ … ) $ … ) $ … ) $ … ) $ … )
… … … … … … …
$ … $ … $ … $ … $ … $ … $ …
… … … … … … …
(1) To supplement our statements of cash flows presented on a GAAP basis, we use
non-GAAP measures of cash flows to analyze cash flow generated from operations.
We believe free cash flow is also useful as one of the bases for comparing our
performance with our competitors. The presentation of non-GAAP free cash flow is
not meant to be considered in isolation or as an alternative to net income as an
indicator of our performance, or as an alternative to cash flows from operating
activities as a measure of liquidity. ORACLE CORPORATION Q1 FISCAL 2027
FINANCIAL RESULTS NET CASH OUTLAY FOR CAPITAL EXPENDITURES (1) ($ in millions)
… …
… …
… … … … … … … … … T…
──────────────────────────────────────────────────────────────────────────────
$ … $ … $ … $ … $ … $ … $ …
… ) … … ) … ) … ) … …
— — — … ) … ) … ) … )
$ … $ … $ … $ … $ … $ … $ …
(1) To supplement our cash flow for capital expenditures presented in our
statements of cash flows in accordance with GAAP, we provide net cash outlay for
capital expenditures. Net cash outlay for capital expenditures is defined as
capital expenditures, less (1) other short-term financing cash flow related to
capital expenditures and (2) customer prepayments with significant financing
component for capital expenditures. We believe this supplemental presentation of
net cash outlay for capital expenditures is useful because it provides
additional information about the cash requirement for funding of our capital
expenditures and is used by management when forecasting expected capital
expenditures. (2) Represents other short-term financing cash flows related to
capital expenditures as reported in cash flows from financing activities in our
statements of cash flows. We use third-party manufacturing partners to produce
most of our cloud infrastructure assets and in some cases supply them with
components purchased directly from suppliers. Certain of these arrangements
result in a portion of the cash received from and paid to third-party
manufacturers presented within financing activities in our statements of cash
flows. (3) Represents customer prepayments with significant financing component
as reported in cash flows from operating activities in our cash flow statements
presented in accordance with GAAP.
5
ORACLE CORPORATION Q1 FISCAL 2027 FINANCIAL RESULTS SUPPLEMENTAL ANALYSIS OF
GAAP REVENUES (1) ($ in millions)
… F… …
… 2… …
… Q1 Q2 … … … … … Q3 … T…
──────────────────────────────────────────────────────────────────────────────
… $ 7… $ 7… $ 8… $ 9… $ 3… $ 1… $ …
… 7… 9… 1… 1… 4… 6… …
…
… 4… 4… 4… 4… 1… 4… …
…
… 5… 5… 6… 6… 2… 5… …
… 6… 7… 7… 9… 3… 7… …
… 1… 1… 1… 1… 5… 1… …
… $ 1… $ 1… $ 1… $ 1… $ 6… $ 1… $ …
…
…
…
…
…
…
… 2… 3… … … … … 6…
… -… -… … … … … -…
…
… 1% 1% … … … … -…
…
… -… -… … … … … -…
… 2% 7% … … … … 1…
… 7% 7% … … … … 5%
… 1… 1… … … … … 3…
…
…
…
…
…
…
…
… 2… 3… … … … … 6…
… -… -… … … … … -…
…
… -… 0% … … … … -…
…
… -… -… … … … … -…
… 1% 5% … … … … 1…
… 5% 6% … … … … 5%
… 1… 1… … … … … 3…
…
…
…
…
…
… $ 3… $ 3… $ 4… $ 4… $ 1… $ 4… $ …
…
… 3… 4… 4… 5… 1… 7… …
…
…
… $ 7… $ 7… $ 8… $ 9… $ 3… $ 1… $ …
…
…
…
…
…
…
… 1… 1… … … … … 1…
…
… 5… 6… … … … … 1…
…
…
… 2… 3… … … … … 6…
…
…
…
…
…
…
…
… 1… 1… … … … … 1…
…
… 5… 6… … … … … 1…
…
…
… 2… 3… … … … … 6…
…
…
…
… $ 9… $ 1… $ 1… $ 1… $ 4… $ 1… $ …
… 3… 3… 3… 4… 1… 3… …
…
… 1… 1… 1… 2… 7… 1… …
…
… $ 1… $ 1… $ 1… $ 1… $ 6… $ 1… $ …
…
(1) The sum of the quarterly information presented may vary from the year-to-
date information presented due to rounding. (2) We compare the percent change in
the results from one period to another period using constant currency
disclosure. We present constant currency information to provide a framework for
assessing how our underlying businesses performed excluding the effect of
foreign currency rate fluctuations. To present this information, current and
comparative prior period results for entities reporting in currencies other than
United States dollars are converted into United States dollars at the exchange
rates in effect on May 31, 2026 and 2025 for the fiscal 2027 and fiscal 2026
constant currency growth rate calculations presented, respectively, rather than
the actual exchange rates in effect during the respective periods.
6
APPENDIX A
ORACLE CORPORATION
Q1 FISCAL 2027 FINANCIAL RESULTS
EXPLANATION OF NON-GAAP MEASURES
To supplement our financial results presented on a GAAP basis, we use the non-
GAAP measures indicated in the tables, which exclude certain significant
expenses including stock-based compensation, expenses related to acquisitions,
restructuring and certain other operating expenses, that we believe are helpful
in understanding our past financial performance and our future results. Our non-
GAAP financial measures are not meant to be considered in isolation or as a
substitute for comparable GAAP measures and should be read only in conjunction
with our consolidated financial statements prepared in accordance with GAAP. Our
management regularly uses our supplemental non-GAAP financial measures
internally to understand, manage and evaluate our business and make operating
decisions. These non-GAAP measures are among the primary factors management uses
in planning for and forecasting future periods. Compensation of our executives
is based in part on the performance of our business based on these non-GAAP
measures. Our non-GAAP financial measures reflect adjustments based on the
following items, as well as the related income tax effects related to each of
the below items except for the impact of the U.S. One, Big, Beautiful Bill Act:
•Stock-based compensation expenses: We have excluded the effect of stock-based
compensation expenses from our non-GAAP operating expenses, income tax effects
and net income measures. Although stock-based compensation is a key incentive
offered to our employees, and we believe such compensation contributed to the
revenues earned during the periods presented and also believe it will contribute
to the generation of future period revenues, we continue to evaluate our
business performance excluding stock-based compensation expenses. Stock-based
compensation expenses will recur in future periods.
•Amortization of intangible assets: We have excluded the effect of amortization
of intangible assets from our non-GAAP operating expenses, income tax effects
and net income measures. Amortization of intangible assets is inconsistent in
amount and frequency and is significantly affected by the timing and size of our
acquisitions. Investors should note that the use of intangible assets
contributed to our revenues earned during the periods presented and will
contribute to our future period revenues as well. Amortization of intangible
assets will recur in future periods.
•Restructuring and other expenses: We have excluded the effect of restructuring
and other expenses from our non-GAAP operating expenses, income tax effects and
net income measures. We incurred expenses in connection with our restructuring
activities and also incurred certain other operating expenses or income, which
we generally would not have otherwise incurred in the periods presented as a
part of our continuing operations. Restructuring and other expenses consist of
employee severance costs and other exit costs related to our restructuring
activities, certain asset impairment charges and certain other operating items,
net. We believe it is useful for investors to understand the effects of these
items on our total operating expenses.
•Impact of the U.S. One, Big, Beautiful Bill Act (OBBBA): OBBBA was signed into
law on July 4, 2025. We recorded a net tax expense of $958 million during the
first quarter of fiscal 2026, primarily related to the remeasurement of a
deferred tax liability previously recorded during fiscal 2021, as part of the
partial realignment of our legal entity structure. We have excluded the impact
of this charge from our non-GAAP income taxes and net income measures in the
first quarter of fiscal 2026. We believe making these adjustments provides
insight to our operating performance and comparability to past operating
results.
7