Oracle Corporation (ORCL) Earnings Call Transcripts

Oracle Corporation's Latest Earnings Call - Q1 FY2027

In the first quarter of fiscal year 2027, Oracle Corporation reported a record total revenue of $19.3 billion, reflecting a robust 30% year-over-year growth. Non-GAAP EPS increased by 30% to $1.92, surpassing expectations. Management raised full-year revenue guidance to at least $90 billion, indicating strong momentum in both Cloud Infrastructure and Cloud Applications, particularly driven by AI integration and operational efficiencies.

Reported metrics

Guidance from management

Management raised full-year revenue guidance to at least $90 billion, reflecting strong execution. For Q2, they expect total revenue growth of 30% to 34% and non-GAAP EPS between $1.85 and $1.93, up 21% to 25%.

What management said

Yes. So we've mentioned already, I mentioned in the Q4 that we would expect a step down in gross margins this year. You can see the EPS [ give ] those. So you can see what we might expect in terms of operating margin. Over the next couple of years, as we finish the ramp-up, you can reasonably expect that gross margin would flatten, I would say. But we haven't given any particular guidance today. We'll speak more abou...

Yes, absolutely. And we are already investing and deploying forward deployed engineers at our customers. That's true for the Data platform. It's also true for our Fusion agentic studio as we see them really as a combination platform running on a single control plane in OCI. So yes, no doubt that service offering, we think is necessary. I actually think we help get the customers live as quickly as we possibly can. And...

What analysts pressed on

Analysts raised concerns about the high CapEx of $28 billion leading to negative free cash flow of $5 billion. There were questions regarding the sustainability of free cash flow generation amidst significant capital expenditures and the potential impact of data center delays on revenue expectations.

Main topics on the call

• Record Revenue Growth — Oracle achieved total revenue of $19.3 billion in Q1 FY27, a 30% increase year-over-year, marking a significant acceleration in growth. Hilary Maxson noted, "Q1 was another record quarter, driven by strength in both our ...
• Cloud Infrastructure Performance — Cloud Infrastructure revenue surged to $7.4 billion, up 121% year-over-year, driven by high demand for compute and database services. Maxson stated, "We expect acceleration to continue in the remainder of fiscal '27 as w...
• Operating Income and Margins — Non-GAAP operating income rose by 31% to $8.2 billion, maintaining an operating margin of approximately 42%. Despite a decline in gross margin due to increased data center costs, operating leverage was strong, as highlig...
• Increased Remaining Performance Obligations (RPO) — RPO increased by $26 billion from Q4, indicating strong future revenue potential. Maxson emphasized, "We continued to grow our RPO during the quarter to support future revenues," with expectations that half of the RPO wi...

Read the full Oracle Corporation transcript (Q1 FY2027) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 41 Oracle Corporation earnings call transcripts on record, spanning March 12, 2020 to September 10, 2026. Based on this history, Oracle Corporation reports quarterly. The most recent call on file is dated September 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ORCL

Exchange

NYSE

Country

US

Sector

Information Technology

Industry

Software

Calls on record

41

First call

March 12, 2020

Most recent

September 10, 2026

Reporting cadence

quarterly