Total revenue
-1.2% vs StreetLATEST HOUSE MODEL · DRAFT SEP 9
$18.893B
Management guide$18.956–19.255B
Street range $18.637–$19.296B
Reported resultAwaiting release
Q1 FY2027 · QUARTER ENDED AUGUST 31, 2026
Oracle. The expectations gap.
Release September 10 after close · Call at 5 p.m. ET · All amounts USD
THE SETUPRevenue is close. Shareholder economics are the question.
The latest draft has Q1 revenue -1.2% versus consensus and adjusted EPS -16.9% versus it. Watch what survives depreciation, rent and financing.
FY28 EPS gap to Street−19.2%Latest draft model · Sep 9
Adjusted EPS
-16.9% vs StreetLATEST HOUSE MODEL · DRAFT SEP 9
$1.446
Management guide$1.72–1.76
Street range $1.64–$1.81
Reported resultAwaiting release
OCI / IaaS revenue
LATEST HOUSE MODEL · DRAFT SEP 9
$6.303B
Preview trajectory bar~$5.83B · analyst calculation
Reported resultAwaiting release
Q1 consensus frozen September 9: 31 revenue / 34 EPS analysts. OCI consensus unavailable. The OCI trajectory bar tests the older $32B annual outlook; it is not formal quarterly guidance.
WHERE WE ARE
Model and consensus, side by side
● Latest house draft● Street
The September 9 analytical model has not replaced the standing August 31 house model. Both are shown below. Consensus is a dated snapshot, not a live estimate feed.
Revenue USD billions
-1.0% versus consensus · 42 analysts
Adjusted EPS USD / share
-10.5% versus consensus · 42 analysts
| Annual model bridge | Standing house Aug 31 | Latest draft Sep 9 | Prior Street Aug 31 · rounded | Current Street Sep 9 | Company guide June 10 |
|---|---|---|---|---|---|
| FY27 revenue | $89.000B | $88.476B | $89.340B | $89.369B | $90.000B |
| FY27 adj. EPS | $8.000 | $7.219 | $8.057 | $8.063 | $8.050 |
| FY28 revenue | $125.000B | $124.312B | $130.670B | $130.738B | — |
| FY28 adj. EPS | $9.894 | $8.866 | $10.926 | $10.968 | — |
What changed in our model?
The newer forecast puts more of the cost of growth into per-share earnings: FY27 depreciation of $16.71B, rent of $6.50B, and interest / fees of $7.33B. FY27–28 forecast quality is graded C. These are assumption-sensitive estimates.
THE CONVERSION TEST
OCI's revenue climb
The 2025 long-range outlook is a historical benchmark. The FY26 $18B rung was delivered at $18.101B.
FY27
FY28
FY29
FY30
● Sep 9 model draft● Sep 2025 management outlook
Zero-based scale; full OCI category. The older house AI-capacity series covers a narrower business and is not plotted here.
THE DISCLOSURES THAT MATTER
Look beyond the headline beat
01
Next-12-month backlog
≥$75B supports conversion; $70–75B warrants attention; below $70B breaks the standing threshold.
Below $70B$70–75B≥$75B
Last disclosed: $76.56B · May 31. Total RPO is a different measure.
02
Equity issuance and funding
Q1 estimate: $3–8B of ATM issuance. Above $10B, a sale price below $140, or a plan above $20B calls for review.
Post-May issuance remains undisclosed. Shares, proceeds and price require filing review.
03
Customer cash versus hardware
The $75B customer-support claim combines prepayments and supplied hardware. It is not $75B of unrestricted cash.
Check allocation, timing, refundability and cash-flow treatment.
AS THE PRINT ARRIVES
Reported results ledger
Headline figures populate from Oracle's release. Exact GAAP revenue, EPS and quarterly cash flow arrive with SEC filing data, which can lag the release.
| Metric | Q1 FY27 reported | Period / basis | Evidence |
|---|---|---|---|
| Total revenue | Awaiting disclosure | GAAP · quarter | — |
| Adjusted diluted EPS | Awaiting disclosure | Non-GAAP · quarter | — |
| GAAP diluted EPS | Awaiting disclosure | GAAP · quarter | — |
| OCI / IaaS revenue | Awaiting disclosure | Quarter | — |
| Total cloud revenue | Awaiting disclosure | IaaS + SaaS · quarter | — |
| Cloud applications revenue | Awaiting disclosure | SaaS · quarter | — |
| Total RPO | Awaiting disclosure | Quarter-end balance · not next-12-month RPO | — |
| Operating cash flow | Awaiting disclosure | Quarter · not TTM | — |
| Cash PP&E purchases | Awaiting disclosure | Quarter · gross cash spend | — |
| Free cash flow | Awaiting disclosure | Quarterly OCF less cash PP&E purchases | — |
Needs filing or call review: next-12-month RPO, ATM proceeds / shares / realized price, customer funding allocation, and new guidance. These do not auto-fill from generic headline text. No value is treated as zero when absent.
PROVENANCE & FRESHNESS
Know what you're looking at
Oracle official release
Waiting for the first source check.
Not checked yetSEC quarterly filing facts
Waiting for the first source check.
Not checked yetForecast sources, definitions and update method
House model: September 9 native model, Base case, analytical draft. Standing August 31 model is carried separately. Publishing this dashboard does not promote the draft into the standing house model. Valuation targets are omitted because the two model versions use different mechanics.
Consensus: Yahoo Finance / yfinance quoteSummary snapshot dated September 9. Relative vendor buckets were frozen to Q1 FY27, Q2 FY27, FY27 and FY28. Adjusted EPS definitions may differ from the house model or issuer; surprises are indicative until reconciled.
Comparability: Q2's year-ago adjusted EPS includes investment gains. A simple year-over-year decline would not establish operating deterioration. The Q1 revenue guide is calculated from $14.926B prior-year revenue and management's 27–29% USD growth range.
Updates: The page polls every 60 seconds while visible and refreshes when reopened. The server limits source checks across visitors, validates the issuer and fiscal period, stores source receipts and hashes, and retains verified results through outages. With no visitors, polling pauses; the next visit checks for new disclosures. Failed sources and delayed data are shown explicitly. Financial-statement fields can lag the announcement.
Precision: Oracle release amounts may be rounded. SEC quarterly amounts can replace them when they reconcile within rounding. Missing or conflicting metrics stay pending or flagged for review. Forecast and consensus values never change with the results feed.
- September 10 event announcement ↗
- Q4 FY26 release and Q1 / FY27 guidance ↗
- Q1 FY26 comparatives and historical OCI outlook ↗
- Yahoo Finance estimates (current page; may differ from frozen snapshot) ↗
- Live service status ↗
Source preview: September 9 pre-print, event-dated September 10. Preview and analytical model: Anthropic Claude Opus 5 (claude-opus-5). Website: OpenAI GPT-6 (exact version not exposed). Snapshot fingerprints: model 7c72f5cfc161d9fd · consensus 57ddc3a2b9126f7d.