Oracle earnings date and guidance
Oracle expects to announce its next results on December 14, 2026. The key thing to watch is whether Oracle converts commitments into accepted capacity and cash.
What has Oracle guided for the year?
Oracle’s share-price upside depends on converting its backlog into profitable OCI capacity and durable cash returns. For the year to May 2027, management guides to at least US$90 billion of revenue and US$8.10 of non-GAAP EPS. It expects US$90–95 billion of gross capital expenditure and guides to US$70 billion of net cash outlay for CapEx.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Total revenue | Year to May 2027 | 90,000 | Sep 10, 2026 | |
| Non-GAAP EPS | Year to May 2027 | 8.10 | 8.10 | Sep 10, 2026 |
| Net Cash outlay for Capex | Year to May 2027 | 70,000 | 70,000 | Jun 10, 2026 |
Did Oracle keep its past promises?
Oracle did keep one important promise. It forecast fiscal 2026 infrastructure revenue of US$18 billion in September 2025 and delivered US$18.1 billion. That growth is real, but negative free cash flow of US$23.7 billion leaves the harder question unanswered: can the new leaders turn expansion into attractive returns for the owners who fund it?
What is Oracle's revenue and profit trend?
That growth still has to be delivered. A contract promises future revenue, but Oracle records cloud revenue as it provides working capacity. It must obtain GPUs, power, buildings and networking before a customer can use the service. The quarterly figures show that capacity is reaching customers: revenue rose from US$14,926 million in August 2025 to US$19,345 million in August 2026.
Diluted earnings per share, or EPS, rose from US$4.34 to US$5.83 in fiscal 2026. That increase was faster than sales, but investment gains, taxes and share-count changes also mattered. The central question is therefore whether delivered infrastructure growth can earn an attractive return after the cash needed to build it.
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19,345 | 19,184 | 17,190 | 16,058 | 14,926 | 15,903 | 14,130 | 14,059 |
| Operating income | 6,728 | 6,133 | 5,464 | 4,731 | 4,277 | 5,109 | 4,358 | 4,220 |
| Net income | 4,760 | 4,304 | 3,721 | 6,135 | 2,927 | 3,427 | 2,936 | 3,151 |
| EPS, diluted | 1.56 | 1.45 | 1.27 | 2.10 | 1.01 | 1.19 | 1.02 | 1.10 |
What should I watch in Oracle's next results?
Oracle expects to announce its November-quarter results on December 14, 2026, subject to change. Investors should look for accelerating infrastructure revenue, continued customer receipts and improving cash after equipment spending.