Oracle Reports Q1 FY27 Results: Cloud Infrastructure Up 121%, Raises FY27 Outlook & Declares Dividend

Overview of Filing

On September 10, 2026, Oracle Corporation filed a Form 8-K under Items 2.02 (Results of Operations and Financial Condition), 8.01 (Other Events), and 9.01 (Financial Statements and Exhibits).

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Key Financial Highlights (Q1 FY2027)

• Total Revenue: $19.3 billion, up 30% year-over-year in both USD and constant currency.
• Cloud Infrastructure (IaaS): $7.4 billion, growing 121% YoY in USD (120% constant currency).
• Cloud Applications (SaaS): $4.2 billion, up 10% YoY.
• Total Cloud Revenues: $11.6 billion, up 62% YoY.
• Software Revenues: $5.5 billion, down 3% YoY due to continued migration to cloud.
• Operating Income: GAAP operating income rose 57% to $6.7 billion; non-GAAP operating income reached $8.2 billion (+31%).
• Earnings Per Share (EPS): GAAP EPS of $1.56 (+55% YoY); non-GAAP EPS of $1.92 (+30% YoY).
• Remaining Performance Obligations (RPO): Reached $664 billion, up $209 billion year-over-year, supported by >$30 billion of new AI cloud bookings.
• Cash Flow: Operating cash flow was $23 billion (+184%), while free cash flow was negative $5 billion due to heavy capital investments.

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Capital Actions & Dividend Declarations

• Common Stock Dividend: Declared quarterly cash dividend of $0.50 per share, payable October 23, 2026, to stockholders of record on October 9, 2026.
• Preferred Stock Dividend: Declared cash dividend of $1,625 per share of Mandatory Convertible Preferred Stock, payable October 15, 2026, to stockholders of record on October 1, 2026.
• ATM Program: Successfully completed the sale of $20 billion of common stock through an At-the-Market equity program during Q1.

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Forward Guidance

• Q2 FY2027 Outlook:
  • Total revenue growth between 30% and 34% YoY.
  • Total Cloud revenue growth between 65% and 71% YoY in USD.
  • Non-GAAP EPS expected between $1.85 and $1.93 in USD.
• Full FY2027 Outlook:
  • Total revenue expected to be at least $90 billion.
  • Non-GAAP EPS projected at $8.10.