TLDR
- Oracle will report its fiscal first-quarter 2027 results after the market closes on September 10.
- ORCL stock has rebounded strongly from its July low ahead of the earnings report.
- Wall Street expects about $19.1 billion in revenue and adjusted EPS near $1.73.
- Oracle has guided for revenue growth of roughly 27% to 29% for the quarter.
- Cloud revenue growth remains a key focus, with AI infrastructure demand supporting expansion.
Oracle (ORCL) stock is back in focus as Oracle prepares to report fiscal first-quarter 2027 results after the market closes on September 10. The company enters earnings after a sharp rebound from its July low, while investors watch whether faster cloud growth can support the recovery.
Oracle reported $19.18 billion in revenue last quarter, up 20.6% from a year earlier. For the new quarter, Wall Street expects about $19.1 billion in revenue and adjusted earnings near $1.73 per share. Oracle has guided for revenue growth of 27% to 29%. Oracle also beat billings expectations last quarter, while management projected faster full-year growth. Analysts have largely held their near-term estimates steady over the past month, leaving the earnings setup largely unchanged ahead of Thursday.
Cloud Growth and Backlog Take Focus
Cloud performance remains central to the Oracle earnings report. The company expects total cloud revenue to rise between 58% and 64% in U.S. dollar terms. Investors will also track Oracle Cloud Infrastructure as demand for AI computing continues to drive new data-center contracts.
Oracle ended fiscal 2026 with remaining performance obligations of $638 billion, up sharply from the prior year. The backlog includes large AI agreements and provides a view of contracted future business. Attention will center on how quickly Oracle can turn those commitments into reported revenue.
Analysts Watch Spending and Technical Levels
Morgan Stanley analyst Sanjit Singh expects strong cloud momentum and has pointed to potential growth from Oracle’s GPU-as-a-service business. Piper Sandler analyst Billy Fitzsimmons has also identified possible upside in cloud infrastructure, NetSuite, and Cerner, while noting uncertainty around the timing of AI revenue and data-center buildouts.
Bernstein analyst Mark Moerdler has focused on Oracle’s long-term cloud expansion while acknowledging the stock’s volatility. Technical accounts are also watching price levels.
TheLongInvest noted that Oracle rebounded from about $114 to $164 after briefly falling below its 200-week moving average.
Barchart said the shares remained below the 200-day moving average despite the recovery.
Oracle is up 42% since July’s low, but is the worst over?$ORCL will report earnings on Thursday, with an expected 10% move, while still trading below its 200-day moving average!
For magnified bearish exposure, consider the Tradr 2X Short ORCL Daily ETF $ORCZ from @TradrETFs pic.twitter.com/s5j667SIo9
— Barchart (@Barchart) September 8, 2026
ORCL stock has gained attention because the earnings report could test both the recent rebound and Oracle’s spending strategy. Oracle plans heavy investment in AI infrastructure, while investors continue to monitor debt, capital spending, cloud demand, and contract conversion.
The report will also provide an early read on enterprise software demand this earnings season. Traders will watch revenue, earnings, cloud growth, backlog changes, and management guidance for the rest of fiscal 2027.
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