Oracle Corporation — Q1 FY2027 Presentation Slides (FY2027 Q1)

Oracle Corporation (ORCL) · 15 slides · Filed Sep 10, 2026

Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All ORCL deck slides

Slide 1 — Q1 Fiscal Year 2027

Slide 2 — Safe Harbor Statement

Safe Harbor Statement Statements in this presentation relating to Oracle’s future plans, expectations, beliefs, intentions and prospects including our fiscal year 2027 guidance, progress on our data center buildouts and planned infrastructure are “forward-looking statements” and are subject to material risks and uncertainties. Many factors could affect our current expectations and our actual results, and could cause actual results to differ materially. A detailed discussion of these factors and other risks that affect our business is contained in our U.S. Securities and Exchange Commission (SEC) filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle’s Investor Relations Department at (650) 506- 4073 or by clicking on SEC Filings on Oracle’s Investor Relations website at https://www.oracle.com/investor. All information set forth in this presentation is current as of September 10, 2026. Oracle undertakes no duty to update any statement in light of new information or future events. 2 Copyright © 2026, Oracle and/or its affiliates.

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Slide 3 — Non-GAAP Financial Measures

Non-GAAP Financial Measures To supplement our financial results presented on a GAAP basis, we use non-GAAP measures, which exclude certain business combination accounting entries and expenses related to acquisitions and other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Today’s discussion includes certain non-GAAP financial measures. 3 Copyright © 2026, Oracle and/or its affiliates.

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Slide 4 — $19.3B

1 – Growth rates are year-over-year growth. Q1 2027 Financial Highlights1 4 $19.3B +30% USD and CD Total Revenue $8.2B +31% USD and CD / 42% Op Margin Non-GAAP Op Income $7.4B +121% USD and +120% CD Cloud Infra Revenue (IaaS) $4.2B +10% USD and CD Cloud Apps Revenue (SaaS) $664B +$209B Y/Y and +$26B Q/Q Total RPO $1.92 +30% USD and CD Non-GAAP EPS Copyright © 2026, Oracle and/or its affiliates.

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Slide 5 — RPO Growth is Driving Infrastructure Revenue Growth Acceleration

RPO Growth is Driving Infrastructure Revenue Growth Acceleration 5 $0B $2B $4B $6B $8B FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY27 Q1 Infrastructure Revenue +52% +55% +68% +84% +93% +121% 1 – Growth rates are year-over-year growth. Copyright © 2026, Oracle and/or its affiliates.

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Slide 6 — Infrastructure Revenue is Driving Total Revenue Growth Acceleration

Infrastructure Revenue is Driving Total Revenue Growth Acceleration 6 $50B $60B $70B $80B FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY27 Q1 TTM Total Revenue +8% +10% +11% +15% +17% +22% 1 – Growth rates are year-over-year growth. Copyright © 2026, Oracle and/or its affiliates.

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Slide 7 — Total Revenue is Driving non-GAAP Operating Income Growth Acceleration

Total Revenue is Driving non-GAAP Operating Income Growth Acceleration 7 $20B $25B $30B $35B FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY27 Q1 TTM non-GAAP Operating Income +9% +8% +8% +11% +16% +21% 1 – Growth rates are year-over-year growth. Copyright © 2026, Oracle and/or its affiliates.

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Slide 8 — $23B

Q1 2027 Balance Sheet and Cash Flow Highlights 1 – To supplement our statements of cash flows presented on a GAAP basis, we use non-GAAP measures of free cash flows to analyze cash flow generated from operations. Free cash flows is defined as operating cash flows minus capital expenditures. We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. 2 - Net cash outlay for capital expenditures is defined as capital expenditures, less (1) other short-term financing cash flow related to capital expenditures and (2) customer prepayments with significant financing component for capital expenditures. We believe this supplemental presentation of net cash outlay for capital expenditures is useful because it provides additional information about the cash requirement for funding of our capital expenditures and is used by management when forecasting expected capital expenditures. 8 $23B Operating Cash Flow $18B Net Cash Outlay 2 Net Capital Expenditures - $5B Free Cash Flow 1 $28B Total Capital Expenditures $20B Completed in Q1 ATM Equity Issuance Copyright © 2026, Oracle and/or its affiliates.

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Slide 9 — Oracle Cloud Revenue Highlights

Cloud Applications $4.2B +10% Fusion Back-Office $1.6B +14% NetSuite $1.1B +6% Industry (incl Oracle Health) $1.2B +12% Other $0.3B +2% 1 – Growth rates are year-over-year growth in USD. Cloud Infrastructure $7.4B +121% Database $0.9B +26% of which Multi-Cloud DB +353% Infrastructure (CPU & GPU) $6.5B +151% Oracle Cloud Revenue Highlights 1 9 Q1 2027 Copyright © 2026, Oracle and/or its affiliates.

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Slide 10 — $664B RPO

$664B RPO +$209B Y/Y and +$26B Q/Q +850MW Incremental DC capacity in Q1 DC CAPACITY RPO • Majority of Q1 RPO growth via Pre-Pay or Bring-Your-Own-Hardware • Contractual margins maintaining and improving • Acceleration in customer diversification • Execution is on track and DC delivery accelerating • 97.9% AI Infrastructure Utilization • Of GPUs up for renewal in Q1, avg renewal/resale premium was 20% • Acceleration in Infrastructure revenues 9 consecutive quarters • Acceleration expected to continue for FY27 $6.5 billion +151% y/y USD in Q1 CPU & GPU REVENUE Infrastructure Highlights 10 Copyright © 2026, Oracle and/or its affiliates.

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Slide 11 — 30% – 34%

Q2 FY27 Guidance 11 30% – 34% USD and Constant Currency Total Revenue 64% – 70% Constant Currency Cloud Revenue $1.83 – $1.91 Non-GAAP EPS 2 +19% - 23% Constant Currency 65% – 71% USD Cloud Revenue $1.85 – $1.93 Non-GAAP EPS 2 +21% - 25% USD 1 – Growth rates are year-over-year growth. 2 – Q2 FY26 results included a one-time net investment gain from the sale of Oracle's interest in Ampere. Including the investment gain, Q2 FY27 non-GAAP earnings per share is expected to decline between -19% and -15% in constant currency and decline between -18% and -14% in USD. Copyright © 2026, Oracle and/or its affiliates.

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Slide 12 — $8.10

12 FY27 Guidance $8.10 +18% 1 y/y in constant currency Non-GAAP EPS $90B+ +34% y/y in constant currency Total Revenue Copyright © 2026, Oracle and/or its affiliates. 1 – FY 2026 non-GAAP EPS includes one-time net investment gains from certain transactions. Excluding these investment gains, FY 2026 non-GAAP EPS would be $6.83, and FY 2027 non-GAAP EPS growth would be 18% in constant currency.