Q1 FY27 · Ended Aug 31, 2026 · View SEC filing
Signed contracts cover years of revenue before capacity exists
The build answers demand already under contract, which shifts the question from finding customers to delivering capacity on time.
For investorsWhat has to go right for the backlog to pay for the build?
For foundersSelling capacity before you build it
Operating cash flow nearly tripled with customer prepayments, yet capital spending still exceeded it, leaving free cash flow negative.
Cloud running costs rose faster than sales while selling and research spending fell, and those cuts carried the wider operating margin.
Software support is billed ahead and almost always renewed, giving Oracle a recurring base it moves onto its own cloud.
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Business Lens describes Oracle Corporation from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
