Oracle Q1 (quarter ended Aug 31, 2026): revenue up 30%, cloud up 62%
Oracle's quarter was a cloud-infrastructure story: revenue rose 30.0% to $19.35 billion while cloud infrastructure revenue more than doubled. Profit followed, but cash did not — free cash flow was negative $5.40 billion as capital spending ran far ahead of operating cash flow. Read the income statement as evidence of demand, and the cash-flow statement as the price of chasing it.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.56, up 55.0%, and non-GAAP EPS was $1.92, up 30.0%, so the headline "up 55%" flatters the underlying picture a little. The gap is mostly $1.13 billion of stock-based compensation, plus $202 million of intangible amortization and $94 million of restructuring charges. GAAP operating income of $6.73 billion rose 57.0%, and net income available to common shareholders of $4.68 billion rose 60.0%.
Revenue of $19.35 billion rose 30.0% from $14.93 billion a year earlier, the fastest growth in the quarters shown. Cloud did the work: $11.61 billion, up 62.0%, with cloud infrastructure alone at $7.39 billion, up 121.0%. The old business kept shrinking — software fell 3.0% to $5.55 billion, which Oracle attributes to customers moving to the cloud.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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