Oracle Q1 Beats, Guides 30-34% Revenue Growth as AI GPU Demand Stays Hot
ORCL sits 39% above its 52-week low of $114.5.
Summary
Oracle's Q1 FY27 earnings beat across the board: EPS of $1.92 vs $1.74 consensus, revenue of $19.35B vs $19.14B estimate. The company guided Q2 revenue growth of 30-34% and cloud revenue growth of 65-71%, with adjusted EPS of $1.85-$1.93. AI infrastructure remains the engine: Oracle delivered 850 MW of capacity with 300,000+ GPUs in the quarter, nearly triple the prior quarter, and closed over $30B in additional AI contracts. GPU utilization hit 97.9%, and older GPUs renewed or resold at a 20% premium, validating Jensen Huang's thesis that Nvidia compute is durable and rentable. This follows NVIDIA's own blowout Q2 and its $25B bond raise, reinforcing the AI capex supercycle. Watch Oracle's Q2 results to see if the 30-34% growth guidance holds.
At the time of this announcement, ORCL was trading at $159.26 on NYSE in the Technology sector, with a market capitalization of approximately $440.5B. The 52-week trading range was $114.50 to $345.72. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.