Oracle Q1 FY27: Cloud Revenue Soars 62%, RPO Hits $664B, $20B ATM Completed
ORCL sits 43% above its 52-week low of $114.5.
Summary
Oracle reported Q1 FY2027 results with 30% revenue growth to $19.3B, 62% cloud growth, and RPO reaching $664B. The company completed its $20B ATM equity sale and provided strong Q2 and full-year guidance.
Updates
· SEC 10-Q — The 10-Q discloses Ellison plans to sell 50 million shares and that the ATM program was fully utilized with 141 million shares issued for net proceeds of $19.9 billion.
· Wiseek News — CFO said no set timeline for positive free cash flow. Oracle may raise up to $40B in fiscal 2027 and issued two new 2055 bonds totaling $4.5B.
· Benzinga — Q1 EPS was $1.92 vs $1.74 consensus; revenue $19.35B vs $19.14B estimate. Oracle delivered 850 MW capacity with 300,000+ GPUs, nearly triple prior quarter, and closed over $30B in additional AI contracts.
Key Events · Earnings and Guidance · ORCL
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Q1 Revenue Up 30% to $19.3B
Total revenue grew 30% YoY to $19.3B, with cloud revenue up 62% to $11.6B. Cloud infrastructure (IaaS) revenue surged 121% to $7.4B.
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RPO Reaches Record $664B
Remaining performance obligations increased $209B year-over-year to $664B, with over $30B of new AI cloud contracts booked in Q1.
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$20B ATM Equity Sale Completed
Oracle completed the sale of $20B of common stock through its at-the-market program during Q1 FY2027, netting $19.9B in proceeds.
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Q2 and FY27 Guidance Raised
Q2 revenue expected to grow 30-34%, non-GAAP EPS $1.85-$1.93. Full FY27 revenue guided to at least $90B with non-GAAP EPS of $8.10.
Analysis · ORCL · Technology
A blowout quarter for Oracle: total revenue climbed 30% to $19.3 billion, powered by 121% growth in cloud infrastructure revenue. The company also wrapped up its $20 billion at-the-market equity offering during the quarter, securing substantial capital to fund its massive AI data center buildout. RPO surged to $664 billion, up $209 billion year-over-year, signaling enormous future revenue visibility. These results validate Oracle's aggressive AI infrastructure strategy, even as negative free cash flow of $5.4 billion reflected capex of $28.5 billion in the quarter.
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In the 30 days to Oct 15, 2026, 45.6% of the 296 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.48%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ORCL was trading at $163.77 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 filing was assessed with positive market sentiment and an importance score of 9 out of 10.