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Research updated: Jul 11, 2026, 12:00 AM UTC

Oracle (ORCL) FY2026 Q4

For the quarter ended May 31, 2026, Oracle reported strong cloud and OCI growth and a substantially larger remaining-performance-obligation backlog, while elevated AI infrastructure investment kept free cash flow negative and increased external funding needs.

Reported outcomes

Total revenue
$19.2 billion
Up 21% year over year
Cloud revenue
$9.9 billion
Up 47% year over year
Cloud infrastructure revenue
$5.8 billion
Up 93% year over year
GAAP diluted earnings per share
$1.45
Up 21% year over year

Management guidance

  • Oracle confirmed FY2027 total revenue guidance of $90 billion and raised non-GAAP EPS guidance to $8.05.

Risks that still need monitoring

  • Negative free cash flow

    Heavy AI infrastructure investment has driven free cash flow negative and increases dependence on future utilization.

  • Financing and dilution

    Planned debt and equity financing can increase leverage, interest burden, and shareholder dilution.

  • AI contract execution

    Large AI contracts create concentration and execution risk if data-center capacity is delayed or customer demand changes.

Market reaction

-10.55%

2026-06-09 $205.81 → 2026-06-11 $184.10

Method: previous trading-day close to the first full trading-day close after the announcement.

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Primary sources

Oracle Announces Record Q4 and FY 2026 ResultsOracle Corporation · earningsVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: Jun 10, 2026, 12:00 AM

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Oracle Investor RelationsOracle Corporation · companyVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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Oracle SEC FilingsOracle Corporation · filingVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

Published: Jun 22, 2026, 12:00 AM

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ORCL editorial research profileAlphaVue Research · editorialVerified

Fetched: Jul 11, 2026, 12:00 AM UTC

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