Oracle (ORCL) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended August 31, 2026 and Oracle published the results on September 10, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Oracle reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Oracle's fiscal year ends May 31. Q1 fiscal 2027 is the quarter ended August 31, 2026.
• EPS is computed on net income available to common shareholders, which is after $81 million of dividends on Oracle's 6.50% Series D Mandatory Convertible Preferred Stock. There was no such dividend a year earlier.
• Q2 fiscal 2026 included a one-time net investment gain from the sale of Oracle's interest in Ampere, which is why that quarter's GAAP EPS in the table below is $2.10.

Source: Oracle Q1 fiscal 2027 results (Form 8-K, Exhibit 99.1), September 10, 2026. Also in the Form 10-Q for the quarter ended August 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Oracle splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Oracle's Cloud revenue was $11.6 billion in Q1 fiscal 2027, up 62% from $7.2 billion in Q1 fiscal 2026, 60% of total revenue.
• Oracle's Software revenue was $5.5 billion in Q1 fiscal 2027, down 3% from $5.7 billion in Q1 fiscal 2026, 29% of total revenue.
• Oracle's Hardware revenue was $774 million in Q1 fiscal 2027, up 16% from $670 million in Q1 fiscal 2026, 4% of total revenue.
• Oracle's Services revenue was $1.4 billion in Q1 fiscal 2027, up 5% from $1.3 billion in Q1 fiscal 2026, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Oracle said:

“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”

“For fiscal year 2027, we now expect total revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10.”

Source: Oracle Q1 FY27 release, Sep 10, 2026.

This is the company's own guidance as of Sep 10, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ORCL forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP figures, each as first reported in that quarter's release.

Oracle's next report is scheduled for December 14, 2026. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Sep 10, 2026

Oracle's cloud revenue was $11,607 million of its $19,345 million total in Q1 fiscal 2027, 60% of total revenues against 48% a year earlier. Cloud infrastructure (IaaS) brought in $7,388 million, up 121%, and cloud applications (SaaS) $4,219 million, up 10%. Hardware revenue was $774 million, up 15%, and services $1,414 million, up 5%. (Oracle Q1 FY27 release, Sep 10, 2026)

Oracle's software revenue fell 3% to $5,550 million, which Oracle put down to customers' continuing migration from on-premises software to the Cloud. Software support was $4,895 million of that and software license $655 million, down 15%. (Oracle Q1 FY27 release, Sep 10, 2026)

Oracle's 10-Q says cloud infrastructure contributed 91% and cloud applications 9% of the constant currency growth in cloud revenues. By region, the Americas, EMEA and Asia Pacific contributed 91%, 6% and 3% of the constant currency revenue growth in the cloud and software business. Americas revenue was $13,711 million, against $9,662 million a year earlier; EMEA was $3,726 million and Asia Pacific $1,908 million. (Oracle Form 10-Q, Q1 FY27, Sep 11, 2026)

Oracle's remaining performance obligations were $664 billion at August 31, 2026, up $209 billion year over year, after it booked more than $30 billion of additional AI cloud contracts in the quarter. Oracle expects to recognize about 13% of that as revenue over the next twelve months, 37% over months 13 to 36 and 34% over months 37 to 60. (Oracle Q1 FY27 release, Sep 10, 2026; Oracle Form 10-Q, Q1 FY27, Sep 11, 2026)

Oracle said it delivered 850MW of additional datacenter capacity in the quarter and more than 300,000 GPUs to AI Cloud customers since the end of Q4. Capital expenditures were $28,499 million, against $8,502 million a year earlier, so free cash flow was negative $5,396 million even with record operating cash flow of $23,103 million. (Oracle Q1 FY27 release, Sep 10, 2026)

Oracle's GAAP diluted EPS was $1.56 in Q1 fiscal 2027 and its non-GAAP EPS $1.92. The non-GAAP measures exclude stock-based compensation ($1,127 million in the quarter), amortization of intangible assets ($202 million) and restructuring and other expenses ($94 million), together $1,423 million of operating expenses, along with their tax effects. (Oracle Q1 FY27 release, Sep 10, 2026)

Oracle's diluted share count rose to 3,000 million from 2,909 million. During the quarter Oracle issued 141 million shares under its at-the-market program for net proceeds of $19.9 billion, and it bought back no stock. EPS is computed on net income available to common shareholders, $4,679 million, which is after $81 million of dividends on its 6.50% Series D Mandatory Convertible Preferred Stock. (Oracle Q1 FY27 release, Sep 10, 2026; Oracle Form 10-Q, Q1 FY27, Sep 11, 2026)

Oracle's effective GAAP tax rate was 15.1%, against 14.6% a year earlier, and its non-GAAP tax rate 16.9%, against 20.5%. Interest expense rose to $1,428 million from $923 million. (Oracle Q1 FY27 release, Sep 10, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Oracle gives numeric guidance in its release. For Q2 fiscal 2027 it expects total revenues to grow between 30% and 34%, total cloud revenue to grow between 65% and 71% in USD, and non-GAAP EPS of $1.85 to $1.93 in USD. Q2 fiscal 2026 included a one-time net investment gain from the sale of Oracle's interest in Ampere; including that gain, the guidance is a decline of between 18% and 14% in non-GAAP EPS in USD. (Oracle Q1 FY27 release, Sep 10, 2026)

For the full fiscal year 2027 Oracle said it now expects total revenue of at least $90 billion and non-GAAP EPS of $8.10. (Oracle Q1 FY27 release, Sep 10, 2026)

A consensus figure is the average of the models published by the analysts who cover Oracle, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Oracle's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ORCL is on is ORCL a buy or a sell?, what analysts expect next is on the ORCL forecast, and what the company does is on the Oracle (ORCL) stock page.

Every number on this page can be traced to a document Oracle published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.