Oracle Corporation

NYSE:ORCL Stock Report

Market Cap: US$557.5b

Oracle Past Earnings Performance

Past criteria checks 4/6

Oracle has been growing earnings at an average annual rate of 6.5%, while the Software industry saw earnings growing at 22.1% annually. Revenues have been growing at an average rate of 9.4% per year. Oracle's return on equity is 41.5%, and it has net margins of 25.3%.

Key information

6.49%

Earnings growth rate

7.07%

EPS growth rate

Software Industry Growth17.33%
Revenue growth rate9.38%
Return on equity41.51%
Net Margin25.26%
Last Earnings Update28 Feb 2026

Recent past performance updates

Recent updates

Narrative Update • May 08

ORCL: AI Data Center Financing And Capacity Execution Will Drive Future Upside

Oracle's updated analyst price target edges slightly lower to $242.10 from $243.87, as analysts factor in modestly higher long term revenue growth and profit margins, along with a reduced future P/E multiple after a mix of recent target cuts, upgrades and reassessments following the fiscal Q3 report and subsequent share selloff. Analyst Commentary Recent Street research around Oracle clusters into two camps, with bullish analysts focusing on execution around cloud, AI and large revenue targets, and bearish analysts highlighting valuation reset, capital intensity and margin questions.
Seeking Alpha • Apr 30

Oracle's AI Future: Undervalued Infrastructure

Summary Oracle Corporation is upgraded to strong buy, driven by its transformation into a foundational AI infrastructure utility with a $553B backlog. ORCL's CapEx-heavy strategy is misunderstood; the BYOH model and off-grid power projects enable high-margin, partner-funded growth and rapid multicloud expansion. Key risks include $300B OpenAI backlog concentration, credit market stress, SMCI supply chain disruptions, and geopolitical threats to major data centers. Hybrid DCF and Technical analysis indicate a 76%–175% upside, with the J-Curve inflection marking Oracle’s shift from CapEx burn to substantial cash generation. Read the full article on Seeking Alpha
Narrative Update • Apr 20

ORCL: AI Data Center Expansion And Financing Will Drive Future Upside

Analysts have trimmed the Oracle price target by about $11 to reflect slightly higher discounting, lower projected profit margins and a modestly lower future P/E multiple, even as revenue growth expectations are supported by recent Q3 beats, raised long term revenue goals and broadly constructive research commentary. Analyst Commentary Street research on Oracle clusters around strong Q3 execution, rising long term cloud ambitions and a reset in valuation assumptions after a sharp selloff.
Narrative Update • Apr 06

ORCL: AI Infrastructure Expansion Will Support Long-Term Cloud And Applications Demand

Analysts have trimmed the Oracle fair value estimate from $400 to about $359.59, citing lower assumed future P/E multiples. At the same time, they highlight solid Q3 execution, easing investor concerns around AI infrastructure build out and margins, and a generally constructive outlook across recent research updates.
Narrative Update • Mar 23

ORCL: AI Data Center Spending And Margins Will Shape Cash Generation

Oracle's analyst fair value estimate has moved from about $193.08 to $155.00 as analysts factor in lower profit margin assumptions along with stronger modeled revenue growth and generally supportive post earnings research. Analyst Commentary Street research around Oracle following the fiscal Q3 report reflects a mix of renewed confidence in the business trajectory and recalibration of expectations.
New Narrative • Mar 12

Oracle: The AI Infrastructure Story Hiding in Plain Sight

Most investors think the artificial intelligence boom belongs to chipmakers like NVIDIA or cloud giants such as Microsoft. But training and running AI models requires far more than chips.
Narrative Update • Mar 09

ORCL: AI Data Center Buildout And Bond Financing Will Drive Upside

Our updated analyst price target for Oracle moves lower by about $17 to $255, as analysts trim valuation multiples and P/E assumptions while still highlighting AI driven growth in database, SaaS and infrastructure as key supports for the long term story. Analyst Commentary Street research around Oracle has shifted to lower price targets, but most firms still frame the stock as an AI beneficiary with a long runway in cloud infrastructure, databases and applications.
New Narrative • Mar 08

Oracle Corporation (ORCL): The AI Infrastructure Pivot – High-Stakes Earnings on Tuesday AMC.

Oracle (ORCL) is currently one of the most polarized stocks in the enterprise tech sector, trading at $152.96 as of the March 6, 2026, market close. While the stock is down approximately 54% from its September 2025 peak of $346 , it remains the primary "physical" challenger to the big three cloud hyperscalers.
Narrative Update • Feb 23

ORCL: AI Infrastructure Buildout And Debt Funding Will Drive Future Upside

Analysts have trimmed their average price targets on Oracle by around $20 to $30. The changes reflect recent rating adjustments and revised expectations for fair value, discount rate, revenue growth, profit margins, and future P/E assumptions.
Narrative Update • Feb 08

ORCL: AI Data Center Buildout Will Drive Long-Term Cloud And Infrastructure Demand

Analysts have trimmed their Oracle price targets by as much as $30 to $107. While our fair value estimate stays at $400, the updated assumptions reflect slightly higher revenue growth expectations, a modestly higher discount rate, and a marginally lower profit margin outlook.
Narrative Update • Jan 25

ORCL: AI Data Center Expansion Will Support Long-Term Cloud Demand Upside

Analysts have trimmed their average Oracle price target by $107 to US$240. This reflects a mix of renewed optimism around artificial intelligence driven infrastructure as a service demand, along with concerns about concentration in large AI contracts, elevated investment needs and recent recalibrations of prior bullish assumptions.
Narrative Update • Jan 11

ORCL: AI Infrastructure Demand And Data Center Buildout Will Drive Future Upside

Analysts have trimmed their price targets on Oracle, cutting our fair value estimate by about US$51 to US$291.08. They are factoring in concerns around the concentration of recent RPO growth in the OpenAI commitment, higher investment needs that may pressure margins, and a lower future P/E multiple, despite still robust expectations for cloud and AI driven revenue growth.
Narrative Update • Dec 27

ORCL: AI Infrastructure Buildout Will Drive Long-Term Cloud Demand Upside

Analysts trimmed their Oracle price target to $200 from $300, reflecting concerns that earlier AI-related RPO gains were overly concentrated in OpenAI commitments and that heavy cloud investment may pressure margins and free cash flow growth, even as long term AI infrastructure demand and full stack positioning remain supportive. Analyst Commentary Bullish analysts remain constructive on Oracle despite recent volatility, highlighting the company’s accelerating AI infrastructure opportunity, large and growing RPO base, and management’s ambitious long term financial targets.
Narrative Update • Dec 13

ORCL: AI Infrastructure Commitments Will Drive Multi-Year Cloud Demand Upside

The analyst fair value estimate for Oracle has been raised from $325.00 to $400.00 per share as analysts balance accelerating AI driven revenue growth, supported by robust RPO and bullish buy rated initiations and target hikes, against near term margin pressure, heavier capex, and mixed views on the sustainability and quality of large cloud commitments. Analyst Commentary Street research remains divided on Oracle, but recent commentary has tilted toward a constructive outlook as investors digest record AI related backlog, ambitious FY30 targets, and evolving profitability expectations.
Analysis Article • Dec 10

Weekly Picks: 🥃 A bruised bourbon maker ready for a rebound

We cover MGP Ingredients, Vertical Aerospace and Oracle this week.
Analysis Article • Dec 10

Weekly Picks: 🥃 A bruised bourbon maker ready for a rebound

We cover MGP Ingredients, Vertical Aerospace and Oracle this week.
Narrative Update • Nov 29

ORCL: Accelerating AI Demand Will Drive Large-Scale Data Center Expansion Ahead

Oracle's analyst price target has edged down modestly to $342 from $344, as analysts cite ongoing questions around cloud contract quality, margin pressures from heavy AI investments, and evolving customer demand trends as factors moderating their outlook. Analyst Commentary Analysts remain divided in their outlook for Oracle, with perspectives shaped by the company's recent cloud momentum, ambitious AI initiatives, and evolving leadership structure.
Analysis Article • Nov 25

Oracle Corporation (NYSE:ORCL) Stocks Pounded By 29% But Not Lagging Market On Growth Or Pricing

Oracle Corporation ( NYSE:ORCL ) shares have had a horrible month, losing 29% after a relatively good period...
New Narrative • Nov 24

The Quiet Giant That Became AI’s Power Grid

The story of Oracle’s transformation is a narrative of strategic repositioning that has culminated in the company emerging as an indispensable infrastructure partner for the world’s most demanding Artificial Intelligence (AI) workloads. This strategic shift, defined by massive infrastructure investment, a landmark partnership with OpenAI, and the rise of colossal superclusters, has driven an unprecedented surge in its contract backlog, fundamentally reshaping Oracle’s long-term growth trajectory and competitive landscape.
Narrative Update • Nov 15

ORCL: Expanding Data Center Investments Will Drive Accelerated AI Infrastructure Momentum

Oracle's analyst price target has risen modestly, with analysts citing continued momentum in cloud and AI infrastructure. However, there are concerns over sustained margin pressure from heavy investment.
Narrative Update • Nov 01

ORCL: Accelerating AI Cloud Demand Will Drive Upside Through Major Multi-Year Contracts

Oracle's analyst price target saw a modest increase, rising by $10 to $360. Analysts pointed to continued strength in AI infrastructure demand and the company’s ability to accelerate earnings growth through fiscal 2028.
Narrative Update • Oct 17

Enterprise AI And Cloud Migration Will Unlock Digital Transformation

Oracle's analyst price target has recently increased by approximately $10. This change reflects heightened confidence in the company's ability to capture AI infrastructure growth, as analysts cite strong revenue momentum and ongoing demand outpacing supply.

Revenue & Expenses Breakdown

How Oracle makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:ORCL Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
28 Feb 2664,07616,18810,21010,312
30 Nov 2561,01615,42510,27910,134
31 Aug 2559,01812,44110,29810,045
31 May 2557,39912,44310,2539,860
28 Feb 2555,78312,1609,9959,432
30 Nov 2454,93311,6249,9069,250
31 Aug 2453,81510,9769,7979,005
31 May 2452,96110,4679,8228,915
29 Feb 2452,51010,6429,9968,915
30 Nov 2351,62810,13710,1298,814
31 Aug 2350,9629,37510,2438,746
31 May 2349,9548,50310,4128,623
28 Feb 2347,9588,37310,3238,362
30 Nov 2246,0738,79710,1088,032
31 Aug 2244,1575,8089,8007,628
31 May 2242,4406,7179,3647,219
28 Feb 2241,8277,5609,1466,969
30 Nov 2141,39910,2629,0536,775
31 Aug 2140,84013,9528,9396,622
31 May 2140,47913,7468,9366,527
28 Feb 2139,69112,8308,7916,291
30 Nov 2039,40310,3808,8836,169
31 Aug 2039,21710,2499,1146,099
31 May 2039,06810,1359,2756,067
29 Feb 2039,76610,7599,7156,150
30 Nov 1939,58310,9339,7456,075
31 Aug 1939,53110,9559,7536,019
31 May 1939,50611,0839,7746,026
28 Feb 1939,38310,6199,7596,007
30 Nov 1839,4453,8279,7866,078
31 Aug 1839,4723,7089,8086,076
31 May 1839,3833,5879,7156,084
28 Feb 1839,2623,5439,7676,149
30 Nov 1738,7919,8299,6186,174
31 Aug 1738,2379,6479,4606,211
31 May 1737,7929,4529,2996,153
28 Feb 1737,4298,9179,3716,085
30 Nov 1637,2368,8209,3195,983
31 Aug 1637,1948,9869,2855,917
31 May 1637,0478,9019,0395,787
29 Feb 1637,1598,8448,9005,689
30 Nov 1537,4739,1988,7995,640
31 Aug 1538,0789,5018,7385,585
31 May 1538,2269,9388,7325,524

Quality Earnings: ORCL has a high level of non-cash earnings.

Growing Profit Margin: ORCL's current net profit margins (25.3%) are higher than last year (21.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ORCL's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: ORCL's earnings growth over the past year (33.1%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: ORCL earnings growth over the past year (33.1%) exceeded the Software industry 14.2%.

Return on Equity

High ROE: Whilst ORCL's Return on Equity (41.51%) is outstanding, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/12 11:56
End of Day Share Price 2026/05/12 00:00
Earnings2026/02/28
Annual Earnings2025/05/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Oracle Corporation is covered by 82 analysts. 39 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company
Robert OliverBaird