Oracle Corporation
- Open
- 121.53
- Day high
- 128.43
- Day low
- 121.50
- Prev close
- 124.27
- Volume
- 33.6M
- Mkt cap
- $363.8B
- P/E (TTM)
- 21.3
- EPS (TTM)
- $5.94
- P/B
- 8.6
- P/S
- 5.4
- Yield
- 1.58%
- Per share
- $2.00
- ▼Insiders net selling -$66.3M over the last 3 months (0 open-market buys, 12 sales)
- 🏛Institutions mixed (13F)
Oracle Corporation (ORCL) is a Technology company listed on NYSE. The stock is down 48% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 12 sales (SEC Form 4). Drillr has 20 published research articles covering ORCL.
Oracle Corporation (ORCL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 19 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
ORCL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 10, 2026 | $1.96 | $2.11 | +7.7% | $19.2B | +0.4% |
| Mar 10, 2026 | $1.70 | $1.79 | +5.3% | $17.2B | +1.6% |
| Dec 10, 2025 | $1.64 | $2.26 | +37.8% | $16.1B | -0.8% |
| Sep 9, 2025 | $1.48 | $1.47 | -0.7% | $14.9B | -0.8% |
| Jun 11, 2025 | $1.64 | $1.70 | +3.7% | $15.9B | +2.1% |
| Mar 10, 2025 | $1.49 | $1.47 | -1.3% | $14.1B | -1.7% |
| Dec 9, 2024 | $1.48 | $1.47 | -0.7% | $14.1B | -0.4% |
| Sep 9, 2024 | $1.33 | $1.39 | +4.5% | $13.3B | +0.6% |
| Jun 11, 2024 | $1.65 | $1.63 | -1.2% | $14.3B | -1.9% |
| Mar 11, 2024 | $1.38 | $1.41 | +2.2% | $13.3B | -0.0% |
| Dec 11, 2023 | $1.32 | $1.34 | +1.5% | $12.9B | -0.8% |
| Sep 11, 2023 | $1.14 | $1.19 | +4.4% | $12.5B | -0.1% |
ORCL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 78,559 | $157.02 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 74,969 | $156.06 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 26,603 | $164.00 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Option | 400,000 | $40.93 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 48,353 | $160.86 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 13,529 | $164.91 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 45,872 | $157.89 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 62,582 | $160.08 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 15,122 | $163.00 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 16,802 | $159.07 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 16,809 | $162.18 |
| Jun 26, 2026 | HENLEY JEFFREYdirector, officer: Vice Chairman | Sell | 800 | $165.57 |
| Jun 2, 2026 | BERG JEFFREYdirector | Grant | 1,550 | — |
| Jun 2, 2026 | Fairhead Rona Alisondirector | Grant | 1,550 | — |
| Jun 2, 2026 | CHIZEN BRUCE Rdirector | Option | 2,114 | — |
Source: ORCL SEC Form 4 filings, latest Jun 26, 2026. For informational purposes only — not investment advice.
See the full ORCL insider & 13F page →ORCL research & analysis
ORCL Stock: $70B AI Capex Shock Explained
Oracle $70B single-year capex exceeds MSFT/GOOGL/META individually. $20B financing reveals operations cannot self-fund mega-cap AI buildout.
NVDASMCI: Oracle's $1.4B Cancellation, Co-Founder Smuggling Risks
Oracle canceled a $1.1-1.4B order for Nvidia AI servers from SMCI, citing the DOJ indictment of the company's co-founder for smuggling restricted GPUs to China. The cancellation proves legal risk is converting to operational damage, and the market hasn't priced the customer flight risk if other hyperscalers follow Oracle's lead. SMCI trades at 12x forward earnings assuming business continuity; if revenue compresses 15-20% from additional cancellations, the stock heads toward $20-25 over 90 days.
SMCINVDAOracle, IBM Spur Legacy Tech Rally With 20% AI Cloud Revenue Share
Legacy enterprise tech like Oracle and IBM scale AI cloud to 15-22% of revenue, beating estimates by 18%, yet trade at 2-3x lower multiples than pure-plays. Cisco's 52-week high underscores the theme amid spiking coverage. Long ORCL/IBM/CRM relative to index targets 10-15% over 6 months, breaks on sub-15% AI growth in Q1 FY2027.
IBMCSCOINTUFederal AI Regulation Is Here: NVDA Faces Curbs While MSFT and ORCL Stand to Win
Anchored in the WSJ's April 10 report on White House AI safeguards, this analyzes U.S. federal regulation's impact: compliant giants like ORCL and MSFT win, while NVDA faces curbs. Ranks six stocks by conviction amid rising compliance demands.
MSFTGOOGLAMZNMSFT's $5.5B Singapore AI Bet: EQIX Tops the Winners List — 6 Stocks Ranked by Exposure
Microsoft's $5.5B AI infrastructure investment in Singapore highlights Southeast Asia's cloud buildout, benefiting US data center REITs (EQIX, DLR) and chip leaders (NVDA, AMAT, ORCL, MSFT). The article ranks exposure based on financials, growth, and guidance, with EQIX topping conviction. Watch for regional capex and power risks.
MSFTEQIXDLROCI Hits $3.3B in Q1 — Oracle's Business Mix Is Structurally Shifting
Oracle Cloud Infrastructure revenue hit $3.35 billion in Q1 FY2026, up 55% YoY, expanding OCI's share of total revenue to 22% from 16% a year ago. The structural business mix shift is accelerating — backed by $455 billion in RPO and $8.5 billion quarterly CapEx — but compressing gross margins to 67.3% from 70.6% as Oracle trades near-term profitability for AI-driven cloud scale.
Oracle's RPO Explodes 4.2x to $553B — Decoding the Mega-Contract Backlog
Oracle's remaining performance obligations surged 4.2x year-over-year to $552.6 billion as of February 28, 2026, driven by mega-scale cloud infrastructure contracts that shifted the company's backlog from a steady ~40% annual growth trajectory to an unprecedented vertical ascent. While near-term revenue visibility of $66.3 billion is robust, the extreme long-duration mix (88% beyond 12 months) and $39.2 billion in nine-month capex spending highlight significant execution and capital intensity challenges ahead.
Hyperscaler Capex Arms Race: Four Cloud Platforms Battling for AI Workload Dominance
The four major cloud platforms — Amazon, Microsoft, Alphabet, and Oracle — are collectively committing over $600 billion in 2026 capital expenditure to build AI infrastructure, with Dell as a picks-and-shovels beneficiary. Microsoft offers the best risk-adjusted return with the highest margins and broadest AI monetization, while Alphabet's self-funded 48% cloud growth and Oracle's cheapest valuation but highest execution risk round out the competitive landscape.
AMZNMSFTGOOGLAI Capex Value Chain: Comparing Margin Profiles Across Cloud, Server, and Component Layers
A comparison of ORCL, DELL, SMCI, and VRT reveals a 10x gross margin gap across the AI capex value chain — from Oracle's 66.5% software margins to SMCI's 6.3% hardware assembly margins. Vertiv emerges as the margin sweet spot with 37.8% gross margins and minimal capex needs, while Oracle's historic $21B capex bet has pushed its FCF negative.
DELLSMCIVRTWhere do returns on AI capex accrue — cloud operators, server OEMs, or component suppliers?
Oracle absorbs the heaviest capex burden in the AI infrastructure buildout, spending 75% of revenue on data center construction with negative free cash flow. Vertiv captures the best risk-adjusted returns — 25% ROIC, 19% FCF margins, and minimal capex — while server OEMs Dell and SMCI act as high-volume, low-margin pass-throughs.
DELLSMCIVRTHow do capex payback periods compare between cloud infrastructure and equipment layers?
Cloud infrastructure capex payback periods are dramatically longer than equipment layers. Oracle's PP&E/EBITDA ratio of 1.8x (and rising toward 3x) with negative free cash flow contrasts sharply with Dell, Vertiv, and SMCI, which all recover capex in under a year. Vertiv offers the best risk-adjusted exposure with 19% FCF margins and 25% ROIC on minimal capex, while Oracle's thesis rests on future cloud revenue materializing to justify unprecedented capital spending.
DELLVRTSMCICan Oracle's multi-cloud and sovereign cloud strategy take AI workload share from AWS and Azure?
Oracle's 66% cloud infrastructure growth, $523B RPO backlog, and 147+ sovereign cloud regions give it a differentiated wedge against AWS and Azure in the AI workload race. At 21.7x forward P/E — the cheapest among the five cloud players examined — ORCL offers the best risk/reward, though massive capex and negative free cash flow make execution the key risk.
AMZNMSFTGOOGLHow does CoreWeave's GPU-as-a-service model threaten traditional hyperscaler economics?
CoreWeave's 168% revenue growth and $66.8B backlog make it a real force in GPU-as-a-service, but its model primarily threatens Oracle's similar GPU rental strategy rather than the broader hyperscaler ecosystem. AWS, Azure, and Google Cloud are insulated by platform breadth, custom silicon (Trainium, TPUs), and software lock-in — CoreWeave's $15B debt load and GPU depreciation risk remain its biggest vulnerabilities.
CRWVAMZNMSFTWhich hyperscaler has the highest RPO-to-revenue conversion efficiency?
Microsoft leads hyperscaler RPO-to-revenue conversion efficiency with a 25% twelve-month recognition rate on its $631 billion backlog, translating to ~$158 billion in near-term locked-in revenue. Oracle trails at 12% despite the largest RPO-to-revenue coverage ratio (8.6x), as massive long-dated AI infrastructure contracts signed in 2025 dramatically lengthened backlog duration across the industry.
MSFTAMZNGOOGLHow reliable is Oracle's $553B RPO backlog when only 12% converts in 12 months?
Oracle's $552.6B RPO backlog converts at just 12% within 12 months, but the absolute near-term dollar value of $66.3B exceeds Oracle's trailing annual revenue of ~$61B. The declining conversion rate reflects longer-duration cloud infrastructure contracts rather than deteriorating backlog quality, a trend mirrored by Microsoft whose RPO conversion similarly dropped from 40% to 25%.
MSFTAMZNHow does Oracle's debt-fueled capex compare to Meta and Microsoft's self-funded buildouts?
Oracle's capex-to-revenue ratio of 58% far exceeds Meta's 35% and Microsoft's 27%, and unlike its peers, Oracle's spending exceeds its operating cash flow — pushing total debt to $124.4B with interest coverage of just 4.8x versus 50x+ for Meta and Microsoft. The comparison highlights Oracle's higher-risk, debt-funded approach to the AI infrastructure buildout versus the self-funded strategies of larger hyperscalers.
METAMSFTWhich GPU and power infrastructure suppliers capture the most from Oracle's $39B capex surge?
Oracle's capital expenditure has surged to a $40B+ annualized run rate in FY2026, with $12B spent in the most recent quarter alone — nearly doubling FY2025's $21.2B total. NVIDIA captures the largest share through GPU sales, while Vertiv (power/cooling, +214% 1Y return) and Quanta Services (electrical infrastructure, +128% 1Y return) offer leveraged exposure to the physical buildout layer.
NVDAAVGOVRTAt what capex-to-revenue ratio does Oracle's infrastructure bet start destroying shareholder value?
Oracle's capex-to-revenue ratio has surged from 5% in FY2021 to 58% TTM, far exceeding peers like Meta (35%), Microsoft (27%), and Amazon (18%), while FCF has turned deeply negative at -21.6% margin. With total debt reaching $124 billion and the most recent quarter showing 75% capex intensity, Oracle's infrastructure buildout demands a dramatic acceleration in cloud revenue to avoid sustained shareholder value destruction.
METAMSFTAMZNCan OCI sustain 55% growth as AWS and Azure accelerate their AI infrastructure spend?
Oracle Cloud Infrastructure revenue hit $4.9B in the February 2026 quarter, growing 84% YoY—far exceeding the 55% threshold and accelerating from 51% four quarters ago. With $523B in RPO backlog, 177% GPU revenue growth, and $35B in annual capex, OCI's trajectory suggests sustained 60%+ growth even as AWS and Azure ramp their own AI infrastructure investments.
AMZNMSFTGOOGLWhich enterprise software vendors lose the most as Oracle shifts resources from apps to OCI?
Oracle's aggressive pivot to OCI, reflected in 32.7% forward revenue growth, reshapes enterprise software competition. Workday is most exposed due to direct product overlap, smallest scale, and thinnest margins (-43% stock return), while ServiceNow's platform-agnostic model and 20.9% growth make it the least disrupted.
CRMSAPWDAY
Oracle Corporation company profile
Overview
Oracle Corporation (NYSE:ORCL) is a multinational computer technology corporation founded in 1977 by Larry Ellison, Bob Miner, and Ed Oates. Originally established as Software Development Laboratories, the company was renamed Oracle Corporation in 1982 after its flagship database product. Headquartered in Austin, Texas since 2020, Oracle has evolved from a database software company into a comprehensive enterprise technology provider offering cloud computing services, database management systems, and enterprise software applications. The company went public in 1986 and has grown through both organic expansion and strategic acquisitions, including the landmark $28.3 billion acquisition of Cerner Corporation in 2022, which significantly expanded Oracle's presence in the healthcare technology sector.
Business
Oracle operates in the enterprise software and cloud computing industry, providing technology solutions that help organizations manage their data, applications, and business processes. The company's business is organized around several key segments that work together to provide comprehensive enterprise technology solutions. Cloud Software as a Service (SaaS) represents Oracle's largest revenue segment, generating approximately $3.6 billion in quarterly revenue (about 25% of total revenue). This includes Oracle Fusion Cloud applications, which are comprehensive enterprise resource planning (ERP) systems that help companies manage their finances, human resources, supply chain, and customer relationships. The segment also includes NetSuite, a cloud-based business management suite designed for small and medium-sized businesses, and specialized industry solutions for healthcare, retail, and financial services. Cloud Infrastructure as a Service (IaaS) is Oracle's fastest-growing segment, generating approximately $2.7 billion quarterly (about 19% of total revenue). Oracle Cloud Infrastructure (OCI) provides computing power, storage, and networking capabilities delivered over the internet. This includes the Oracle Autonomous Database, which uses artificial intelligence to automatically manage, secure, and optimize database operations without human intervention. The infrastructure services also encompass specialized AI and machine learning capabilities, including massive GPU clusters for training artificial intelligence models. License Support Services generates approximately $7.4 billion quarterly (about 52% of total revenue), providing ongoing maintenance, updates, and technical support for Oracle's traditional on-premises software installations. This creates a stable, recurring revenue stream from Oracle's large installed base of database and application customers. Hardware and Consulting Services represent smaller segments, providing engineered systems that combine Oracle software with specialized hardware, along with implementation and consulting services to help customers deploy and optimize Oracle solutions. The company's core technology foundation is built around database management systems, which store and organize vast amounts of business data, and middleware software that helps different computer applications communicate with each other. Oracle's database technology is particularly strong in handling complex, mission-critical business applications that require high reliability and performance.
Revenue model
Oracle generates revenue through multiple complementary business models that create recurring, predictable income streams. The primary revenue model is subscription-based cloud services, where customers pay monthly or annual fees to access Oracle's software applications and infrastructure services delivered over the internet. This model has become increasingly dominant, with total cloud revenue reaching $6.2 billion quarterly and growing at 25% annually. For SaaS applications, customers typically pay per user per month to access enterprise software like ERP, human capital management, or customer relationship management systems. The IaaS business operates on a consumption-based model where customers pay for computing resources, storage, and network bandwidth they actually use, similar to a utility bill. License support services provide Oracle's most stable revenue stream, generating fees from customers who have purchased perpetual licenses for Oracle software and pay ongoing annual maintenance fees (typically 15-22% of the original license cost) for updates, patches, and technical support. This creates highly predictable revenue with gross margins exceeding 90%. Traditional software licensing involves one-time payments for perpetual rights to use Oracle software, though this model is declining as customers migrate to cloud subscriptions. Hardware sales and consulting services provide additional revenue through engineered systems and professional services. Oracle's paying customers are primarily large enterprises, government agencies, and mid-market businesses that require sophisticated data management and business application capabilities. The company serves industries including financial services, healthcare, retail, manufacturing, and telecommunications, with customers ranging from Fortune 500 corporations to growing mid-market companies. Several factors influence Oracle's margins and profitability. Positive margin drivers include the shift to higher-margin cloud services, economies of scale in data center operations, automation reducing operational costs, and the company's ability to increase prices due to switching costs and mission-critical nature of database systems. Margin pressures come from intense competition with Amazon Web Services, Microsoft Azure, and Google Cloud, significant capital expenditure requirements for data center expansion (projected at $16 billion for fiscal 2025), and the need to invest heavily in AI and machine learning capabilities to remain competitive. Currency fluctuations and macroeconomic conditions affecting enterprise IT spending also impact margins.
Competitive moat
Oracle possesses a strong but not impenetrable competitive moat built primarily around high customer switching costs and network effects in enterprise database systems. The company's most significant competitive advantage lies in its database technology, which stores and manages mission-critical business data for thousands of large enterprises. Switching database systems requires extensive time, cost, and risk, as it involves migrating years or decades of accumulated business data and retraining personnel on new systems. The switching cost moat is particularly strong because Oracle databases often serve as the foundation for multiple business applications, creating deep integration throughout an organization's technology infrastructure. Customers face potential business disruption, data migration complexities, and significant professional services costs when considering alternatives. This creates substantial customer stickiness, evidenced by Oracle's consistently high license support renewal rates exceeding 90%. Oracle's scale advantages in enterprise software development allow the company to invest billions in research and development across database technology, cloud infrastructure, and artificial intelligence capabilities. The company's comprehensive integrated technology stack, spanning from database to applications to infrastructure, creates additional switching costs as customers benefit from seamless integration between Oracle components. However, Oracle faces significant competitive threats that challenge its moat strength. Cloud-native competitors like Amazon Web Services and Microsoft Azure offer more modern, flexible alternatives that appeal to companies building new applications or undergoing digital transformation. Open-source database alternatives like PostgreSQL and MySQL provide cost-effective options for price-sensitive customers. Additionally, newer database technologies designed for big data and real-time analytics, such as MongoDB and Snowflake, compete in high-growth market segments. The company's traditional moat is also challenged by the broader industry shift toward cloud computing, where customers have more flexibility to switch providers and are less locked into specific technology stacks. While Oracle is investing heavily to strengthen its cloud position, it faces entrenched competitors with larger scale and earlier market entry in cloud infrastructure services.
Risks & safety
Oracle demonstrates moderate financial stability with some liquidity concerns but strong cash generation capabilities. • Liquidity and Solvency: Current ratio of 1.02 indicates tight short-term liquidity, with current assets of $30.1 billion barely covering current liabilities of $29.6 billion. However, the company maintains $17.4 billion in cash and short-term investments, providing adequate liquidity buffer. • Debt Profile: High debt-to-equity ratio of 5.75 reflects significant leverage, with total liabilities of $144.1 billion against total assets of $161.4 billion. This elevated debt level primarily stems from acquisition financing, particularly the Cerner acquisition. • Cash Generation: Strong operational cash flow of $5.9 billion quarterly, though free cash flow dropped to just $71 million due to massive capital expenditure investments ($16 billion projected for fiscal 2025) in data center expansion and AI infrastructure. • Valuation Metrics: Price-to-earnings ratio of 40.7 and EV/EBITDA of 22.0 suggest high valuation expectations. Price-to-book ratio of 28.6 indicates significant premium to tangible assets. • Other Considerations: Strong recurring revenue base provides predictable cash flows, with remaining performance obligations of $97.3 billion providing revenue visibility. However, the company's aggressive capital expenditure program and high debt levels create some financial risk during economic downturns.
Recent development
Over the past several years, Oracle has undergone a fundamental strategic transformation from a traditional software licensing company to a cloud-first organization focused on artificial intelligence and modern infrastructure services. The most significant development was the $28.3 billion acquisition of Cerner Corporation in 2022, which positioned Oracle as a major player in healthcare technology and electronic health records. Oracle has made massive investments in cloud infrastructure, expanding from a handful of data centers to over 162 cloud regions worldwide, including public, private, and sovereign cloud deployments. The company projects doubling its capital expenditure to approximately $16 billion in fiscal 2025, primarily for data center expansion and AI infrastructure development. The company has aggressively pursued artificial intelligence capabilities, building some of the world's largest AI training clusters, including a 65,000 GPU supercomputer and plans for a 64,000 GPU liquid-cooled NVIDIA GB200 cluster. Oracle has established strategic partnerships with major AI companies, including OpenAI, and signed a multibillion-dollar contract with AMD for 30,000 MI355x GPUs. Multi-cloud partnerships represent another major strategic shift, with Oracle establishing database services on Microsoft Azure, Amazon Web Services, and Google Cloud Platform. This allows customers to run Oracle databases within their preferred cloud environments while maintaining Oracle's performance and security advantages. Oracle has also focused on industry-specific AI applications, particularly in healthcare, developing AI agents that can summarize patient records, check prescriptions, and assist with diagnostic processes. The company launched Oracle Database 23 AI with vector capabilities and is developing an AI Data Platform to enable customers to integrate AI models with their existing database systems. The transformation from traditional licensing to subscription-based cloud services has accelerated, with cloud revenue growing 25% annually while traditional license revenue continues to decline. Oracle has increased its quarterly dividend by 25% and maintains confidence in reaching $66 billion in revenue for fiscal 2026, with projected growth rates of approximately 20% for fiscal 2027.
ORCL company profile · for informational purposes only — not investment advice.
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