Oracle reported first-quarter earnings of $1.92 per share, exceeding the analyst consensus of $1.74. Total revenue reached $19.35 billion, a 30% increase year-over-year, while net income rose to $4.68 billion from $2.93 billion in the previous year.
The cloud infrastructure segment drove growth, with sales rising 121% to $7.4 billion. The company added 850 megawatts of new data capacity. Capital expenditures increased to $28.5 billion, compared to $8.5 billion in the same period last year.
Oracle’s total backlog stands at $664 billion, with nearly half attributed to a contract with OpenAI. The company also secured a Pentagon contract potentially worth up to $7 billion over the next decade for software services.
The company faces a debt pile of $125 billion and reported a negative free cash flow of $5.4 billion. For fiscal 2027, Oracle projects adjusted earnings of $8.10 per share on revenue of at least $90 billion, with capital expenditure guidance set at $90–95 billion.
