Oracle reports $19.3 billion in Q1 revenue as cloud infrastructure jumps 121%

Oracle Corporation (NYSE: ORCL) reported total revenue of $19.3 billion for the fiscal first quarter ended Aug. 31, up 30% in U.S. dollars and in constant currency, according to an earnings release furnished with a Form 8-K on Sept. 10. Cloud revenues (IaaS plus SaaS) rose 62% to $11.6 billion. Cloud Infrastructure (IaaS) revenue increased 121% to $7.4 billion, while Cloud Applications (SaaS) revenue rose 10% to $4.2 billion.

GAAP earnings per share were $1.56, up 55% in USD and 54% in constant currency. Non-GAAP EPS was $1.92, up 30% in USD and constant currency. Remaining performance obligations stood at $664 billion, up $209 billion from a year earlier. Oracle said it delivered 850MW of additional datacenter capacity in the quarter.

On a GAAP basis, operating income was $6.7 billion, up 57%, and net income available to common shareholders was $4.7 billion, up 60%. Non-GAAP operating income was $8.2 billion, up 31%. Software revenues were $5.5 billion, down 3%. Services revenues were $1.4 billion, up 5%. Hardware revenues were $0.8 billion, up 15%. Operating cash flow was $23 billion, up 184%, while free cash flow was negative $5 billion as the company invested to expand Cloud Infrastructure.

For the second quarter of fiscal 2027, Oracle said total revenues are expected to grow between 30% and 34% in constant currency and in USD. Total Cloud revenue is expected to grow between 64% and 70% in constant currency and between 65% and 71% in USD. Non-GAAP EPS is expected to be between $1.85 and $1.93 in USD, or $1.83 to $1.91 in constant currency.

The board declared a quarterly cash dividend of $0.50 per share of outstanding common stock, payable Oct. 23, 2026, to stockholders of record as of the close of business on Oct. 9, 2026.

By the numbers

• Q1 total revenue: $19.3 billion (+30%)
• Q1 total cloud revenue: $11.6 billion (+62%); IaaS: $7.4 billion (+121%)
• Q1 GAAP EPS: $1.56; non-GAAP EPS: $1.92
• RPO: $664 billion (+$209 billion year over year)
• Q1 operating cash flow: $23 billion; free cash flow: −$5 billion
• Quarterly dividend: $0.50 (record Oct. 9; payable Oct. 23)

Sources

1. Oracle Corporation Form 8-K, filed Sept. 10, 2026, accession 0001193125-26-387905
2. Exhibit 99.1 earnings release

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