Overview
- Oracle reported fiscal Q4 results on Wednesday, June 10, with revenue of about $19.18 billion, adjusted EPS of $2.11, Oracle Cloud Infrastructure revenue of roughly $5.8 billion, and remaining performance obligations rising to about $638 billion.
- The company said it expects to raise nearly $40 billion in fiscal 2027 through debt and equity, including a previously announced $20 billion at‑the‑market equity program, and shares fell about 4–5% in after‑hours trading.
- Capital spending for fiscal 2026 ran about $55.7 billion versus a $50 billion target, which increased depreciation, lease and debt balances and strained free cash flow, prompting management to seek additional funding.
- A large portion of OCI’s backlog is reported to be tied to a multiyear OpenAI agreement that analysts peg near $300 billion, creating customer‑concentration risk and uncertainty over how quickly the backlog will convert to revenue.
- Oracle reaffirmed its $90 billion fiscal 2027 revenue target and raised non‑GAAP EPS guidance while investors and analysts say the key near‑term issues are backlog conversion timing, data‑center buildout execution, and the cost and pace of financing.