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Oracle reports Q1 FY27 earnings with $19.3B revenue and a staggering $664B in remaining obligations

Oracle reports Q1 FY27 earnings with $19.3B revenue and a staggering $664B in remaining obligations

Oracle logo (Wikimedia Commons, public domain)

Cloud infrastructure revenue more than doubled as Oracle pours billions into AI datacenter capacity and raises full-year guidance to $90B

by Editorial Team

2 min read

In Technology

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Oracle just posted a quarter that would make most enterprise software companies blush. The company reported $19.3 billion in total revenue for its fiscal first quarter of 2027, a 30% jump year-over-year that topped Wall Street expectations of roughly $19.13 billion.

The real headline, though, is the backlog. Oracle’s remaining performance obligations, essentially the total value of contracts customers have committed to but haven’t paid for yet, ballooned to $664 billion. That’s up $209 billion from the same period last year.

Cloud infrastructure is the engine

Oracle’s cloud business did the heavy lifting this quarter, generating $11.6 billion in revenue, a 62% increase over the prior year. Within that, cloud infrastructure services were the standout performer, surging 121% to $7.4 billion.

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Cloud applications, the more mature and slower-growing segment, added $4.2 billion, up 10%.

The company booked more than $30 billion in new AI cloud contracts during the quarter alone. Capital expenditures hit $28.5 billion for the quarter, a pace that, if sustained, would put annual capex north of $100 billion.

Oracle reported negative free cash flow of $5.4 billion, a deficit it partially covered through a $20 billion equity sale.

GPUs running near full capacity

Oracle delivered 850 megawatts of new datacenter capacity during the quarter and deployed more than 300,000 GPUs. GPU utilization hit 97.9%.

On the earnings call, the numbers translated to non-GAAP earnings per share of $1.92, up 30% year-over-year. GAAP EPS came in at $1.56, representing a 55% increase.

Oracle raised its full-year FY2027 revenue guidance to at least $90 billion, paired with a non-GAAP EPS estimate of $8.10. For next quarter specifically, the company guided cloud revenue growth of 65% to 71%.

Oracle Corporation and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
Oracle Corporation ORCL · Price dated Nov 11, 2026 · tokenized ORCLx $128$388.2B20.1Unavailable$67.4BFY ended 2026-05-31 · 10-K+17.3%FY ended 2026-05-31 vs 2025-05-31 · 10-K17,087,000,000FY ended 2026-05-31, attributable to the company · 10-K30.6%FY ended 2026-05-31
Palantir Technologies Inc. PLTR · Price dated Nov 11, 2026 · tokenized PLTRx $172$415.3B121.4Unavailable$4.5BFY ended 2025-12-31 · 10-K+56.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,625,033,000FY ended 2025-12-31, attributable to the company · 10-K31.6%FY ended 2025-12-31
CrowdStrike Holdings Inc. CRWD · Price dated Nov 11, 2026 · tokenized CRWDx $229$234.5BNot meaningfulLoss, diluted EPS −0.45
to 2026-07-31 · SEC filing		Unavailable$4.8BFY ended 2026-01-31 · 10-K+21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K−162,502,000FY ended 2026-01-31, attributable to the company · 10-K−6.1%FY ended 2026-01-31
Shopify Inc. SHOP · Price dated Nov 11, 2026 $149Unavailable91.6Unavailable$11.6BFY ended 2025-12-31 · 10-K+30.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K1,231,000,000FY ended 2025-12-31, attributable to the company · 10-K12.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Nov 11, 2026, 9:56 PM EST. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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