Q1 26 EPS
$1.47
MISS 0.63%
Est. $1.48
Q1 26 Revenue
$14.93B
MISS 0.76%
Est. $15.04B
vs S&P Since Q1 26
-54.8%
TRAILING MARKET
ORCL -44.3% vs S&P +10.5%
Market Reaction
Did ORCL Beat Earnings? Q1 2026 Results
Oracle fell just short of Wall Street's expectations in fiscal Q1 2026, posting non-GAAP EPS of $1.47, a narrow 0.63% miss against the $1.48 consensus, while revenue of $14.93 billion grew 12.2% year-over-year but came in 0.76% below estimates. The h… Read more Oracle fell just short of Wall Street's expectations in fiscal Q1 2026, posting non-GAAP EPS of $1.47, a narrow 0.63% miss against the $1.48 consensus, while revenue of $14.93 billion grew 12.2% year-over-year but came in 0.76% below estimates. The headline story, however, wasn't the modest top-line shortfall but rather an extraordinary surge in Remaining Performance Obligations, which soared 359% to $455 billion after Oracle signed four multi-billion-dollar contracts with three customers, signaling a wave of AI-driven cloud demand still working its way into recognized revenue. Cloud infrastructure revenue grew 55% to $3.35 billion, and CEO Safra Catz projected OCI revenue of $18 billion this fiscal year, scaling to $144 billion over the next five, with most already locked in RPO. A major leadership transition is also underway, with Clay Magouyrk and Mike Sicilia named co-CEOs, as Oracle positions itself for what could prove a transformative multiyear growth cycle in AI cloud infrastructure.
Key Takeaways
- • Cloud Infrastructure (IaaS) revenue growth of 55% driven by AI and enterprise cloud demand
- • Four multi-billion-dollar contracts signed with three customers in Q1
- • RPO surged 359% to $455 billion reflecting massive cloud demand backlog
- • MultiCloud database revenue from Amazon, Google and Microsoft grew 1,529%
ORCL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
ORCL Revenue by Segment
With YoY comparisons, source: SEC Filings
ORCL Revenue by Geography
With YoY comparisons, source: SEC Filings
“We signed four multi-billion-dollar contracts with three different customers in Q1. This resulted in RPO contract backlog increasing 359% to $455 billion. It was an astonishing quarter—and demand for Oracle Cloud Infrastructure continues to build. Over the next few months, we expect to sign-up several additional multi-billion-dollar customers and RPO is likely to exceed half-a-trillion dollars.”
— Safra Catz, Q1 2026 Earnings Press Release
ORCL Earnings Trends
ORCL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ORCL EPS Trend
Earnings per share: estimate vs actual
ORCL Revenue Trend
Quarterly revenue: estimate vs actual
ORCL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $1.79 | — | $17.19B | — |
| Q2 26 BEAT | $1.71 | $2.26 | +32.43% | $16.06B | -4.99% |
| Q1 26 MISS | $1.48 | $1.47 | -0.63% | $14.93B | -0.76% |
| Q4 25 BEAT FY | $1.64 | $1.70 | +3.66% | $15.90B | — |
| FY Full Year | $6.00 | $6.03 | +0.52% | $57.40B | +0.32% |
| Q3 25 MISS | $1.49 | $1.47 | -1.34% | $14.13B | -1.81% |