# Oracle Corporation (ORCL)

> Source: Nexqual · https://nexqual.com/ORCL · data as of 2026-10-22 20:03 UTC · cite as "Nexqual, Oracle Corporation (ORCL), nexqual.com/ORCL" · informational, not investment advice.

**Price:** USD 125.54 (-2.78% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 129.13 · day 122.76–127.94 · 52w 114.5–287.19 · market cap $381B · NYQ

## Key facts
- Last four reported quarters (through Aug 31, 2026): revenue $71.8B, net income $18.9B (26.4% margin), free cash flow -$28.7B (SEC filings).
- Valuation: P/E 20.1x (avg 36.1x at the last 3 fiscal year-ends).
- 14 of 80 tracked superinvestors hold ORCL (13F, Q2 2026): 2 new, 1 added, 9 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $71.6M; 1 not under a Rule 10b5-1 plan ($399K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $3.5M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.05 on a 1–5 scale) (43 analysts), mean target USD 236.54 (range 110–400).
- Total return with dividends: 1Y -54.6% vs S&P 500 +14.9%; 5Y +36.7% vs S&P 500 +80.3%.
- Next earnings: 2026-12-14, EPS estimate USD 1.89, revenue estimate $21.3B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $42.4B | $50.0B | $53.0B | $57.4B | $67.4B | $71.8B |
| Operating income | $10.9B | $13.1B | $15.4B | $17.7B | $20.6B | $23.1B |
| Net income | $6.72B | $8.50B | $10.5B | $12.4B | $17.1B | $18.9B |
| EPS (diluted) | $2.41 | $3.07 | $3.71 | $4.34 | $5.83 | — |
| Free cash flow | $5.03B | $8.47B | $11.8B | -$394M | -$23.7B | -$28.7B |
| Operating margin | 25.7% | 26.2% | 29.0% | 30.8% | 30.6% | 32.1% |
| Net margin | 15.8% | 17.0% | 19.8% | 21.7% | 25.4% | 26.4% |
| Revenue growth | +4.8% | +17.7% | +6.0% | +8.4% | +17.3% | — |
| Cash + short-term investments | $21.9B | $10.2B | $10.7B | $11.2B | $31.9B | — |
| Total debt | $3.75B | $90.5B | $86.9B | $92.6B | $130B | — |
Fiscal years end May. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 31, 2026)
P/E 20.1x · P/S 5.3x · P/B 5.7x · FCF yield -7.55% · Earnings yield 4.97% · Dividend yield (paid, TTM) 1.56%
P/E at fiscal year-ends: May 2026 38.5x, May 2025 38.1x, May 2024 31.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
14 of 80 tracked investors hold ORCL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 4.51% | $524M | Reduced -28.9% |
| William Von Mueffling | Cantillon Capital Management | 2.32% | $15.5M | Reduced -91.8% |
| First Eagle Investment | First Eagle Investment Management | 2.08% | $1.25B | Added +1.0% |
| Harry Burn | Sound Shore | 2.05% | $66.6M | New position |
| Hillman Capital | Hillman Capital Management | 1.22% | $1.7M | Reduced -28.6% |
| Wallace Weitz | Weitz Investment Management | 0.56% | $8.1M | Unchanged |
| Jensen Investment Management |  | 0.42% | $17.4M | Reduced -2.0% |
| Bill Nygren | Oakmark Funds | 0.13% | $95.4M | Reduced -12.1% |
| Christopher Davis | Davis Advisors | 0.05% | $11.0M | Reduced -6.8% |
| Lindsell Train |  | 0.05% | $1.3M | Unchanged |
| John Rogers | Ariel Investments | 0.02% | $2.0M | Reduced -16.1% |
| Mairs & Power | Mairs & Power Funds | 0.02% | $2.0M | Reduced -55.6% |
| Richard Pzena | Pzena Investment Management | <0.01% | $304K | New position |
| Thomas Russo | Gardner Russo & Quinn | <0.01% | $398K | Reduced -24.6% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
4 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-22 | Smith Maria | EVP, Chief Accounting Officer | 2,631 | $399K | 3.9% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-22 | Sicilia Michael D. | Chief Executive Officer | 22,562 | $3.4M | 10.8% | Yes (adopted December 24, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-16 | Sicilia Michael D. | Chief Executive Officer | 10,882 | $1.5M | 6.7% | Yes (adopted December 24, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-24 | Henley Jeffrey | Vice Chairman | 400,000 | $63.7M | 19.1% | Yes (adopted January 2, 2026) | Too little history (no open-market trades in 2023) |
| 2026-04-16 | Levey Stuart | EVP, Chief Legal Officer | 15,000 | $2.6M | 81.4% | Yes (adopted January 13, 2026) | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $3.5M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-29 | Rusckowski Stephen H | Director | 25,000 | $3.5M | 139.35 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Buy (mean 2.05 on a 1–5 scale), 43 analysts; mean target USD 236.54 (low 110, high 400).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Cantor Fitzgerald | Reiterated | Overweight | $284 |
| 2026-10-02 | Citizens | Reiterated | Market Outperform | $285 |
| 2026-09-14 | Freedom Broker | Target lowered | Buy | $210 → $205 |
| 2026-09-14 | Argus Research | Reiterated | Buy | $225 |
| 2026-09-11 | Stifel | Target lowered | Buy | $220 → $200 |
| 2026-09-11 | TD Cowen | Reiterated | Buy | $240 |
| 2026-09-11 | UBS | Target raised | Buy | $245 → $250 |
| 2026-09-11 | DA Davidson | Maintained | Buy | $225 |
| 2026-09-11 | RBC Capital | Target lowered | Sector Perform | $190 → $165 |
| 2026-09-11 | Barclays | Target raised | Overweight | $250 → $252 |
| 2026-09-11 | Guggenheim | Reiterated | Buy | $400 |
| 2026-09-11 | BMO Capital | Target lowered | Outperform | $220 → $195 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -54.6% | +36.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -54.7% | +6.4% |
| Volatility (annualized) | 57.0% | 42.2% |
| Max drawdown | -59.0% (Oct 2025→Jul 2026) | -62.3% (Sep 2025→Jul 2026) |

## Peers (Software - Infrastructure)
PLTR (Palantir Technologies Inc.) USD 196.19 -2.74% · PANW (Palo Alto Networks, Inc.) USD 354.92 +2.21% · CRWD (CrowdStrike Holdings, Inc.) USD 237.94 -0.58% · FTNT (Fortinet, Inc.) USD 172.98 -0.61% · NET (Cloudflare, Inc.) USD 303.61 -1.18% · SNPS (Synopsys, Inc.) USD 422.48 -6.36%

## More
Full page: https://nexqual.com/ORCL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ORCL's own 10-K filed 2026-06-22 (https://www.sec.gov/Archives/edgar/data/1341439/000119312526277521/orcl-20260531.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Alphabet (Google) (GOOGL) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | Amazon (AMZN) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | Microsoft (MSFT) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | Cisco (CSCO) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | Intel (INTC) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | IBM (IBM) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | Salesforce (CRM) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |
| Competitor | SAP (SAP) | "Our enterprise cloud, software and hardware offerings compete directly with certain offerings from some of the largest and most competitive companies in the world, including Adobe Systems Incorporated, Alphabet Inc., Ama…" |

Other companies that name ORCL in their own reports (relationship from ORCL's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| competitor | Nutanix, Inc. (NTNX) | 10-K 2026-09-18 | "providers of public cloud infrastructure and SaaS-based offerings, such as AWS, Google Cloud, Oracle Cloud, and Azure; and" |
| supplier | Palo Alto Networks Inc (PANW) | 10-K 2026-09-10 | "For example, our VM-Series virtual firewalls are sold on Amazon's AWS Marketplace, Microsoft's Azure Marketplace, Alphabet's Google Cloud Marketplace, and Oracle Corporation's Oracle Cloud Marketplace…" |
| competitor | IREN Ltd (IREN) | 10-K 2026-08-27 | "As a global AI Cloud Services provider, we compete with hyperscalers, including Amazon Web Services, Google Cloud, Microsoft Azure and Oracle Cloud, as well as specialized AI Cloud Services providers,…" |
| partner | BILL Holdings, Inc. (BILL) | 10-K 2026-08-20 | "In addition, we launched embed partnerships with Paychex, Oracle NetSuite, and Acumatica as part of our "Embed 2.0" initiative to deploy our platform offerings as a set of embeddable capabilities thro…" |
| competitor | ChronoScale Holdings Corp (CHRN) | 10-K 2026-08-19 | "We also compete with general purpose cloud computing providers including Amazon (AWS), Google (Google Cloud Platform), Microsoft (Azure), and Oracle." |
| customer | Madison Square Garden Sports Corp. (MSGS) | 10-K 2026-08-13 | "For example, we receive certain information technology services from MSG Entertainment under our services agreement, and in December 2025, MSG Entertainment identified and, with the assistance of a se…" |
| competitor | OPEN TEXT CORP (OTEX) | 10-K 2026-08-06 | "We compete with large enterprise technology providers, including International Business Machines Corporation (IBM), Microsoft Corporation (Microsoft), Oracle Corporation (Oracle) and ServiceNow, Inc. …" |
| supplier | SIFY TECHNOLOGIES LTD (SIFY) | 20-F 2026-06-26 | "Oracle Services: We help customers deploy their Oracle applications and business critical infrastructure, either in their Data Center over the Cloud." |
| partner | Infosys Ltd (INFY) | 20-F 2026-06-15 | "The Infosys Oracle Practice, marking nearly three decades of strategic partnership with Oracle, enables AI‑first enterprise transformation across Oracle ERP, SCM, CX and HCM platforms, supported by in…" |
| partner | WIPRO LTD (WIT) | 20-F 2026-06-02 | "Enterprise Applications ("EA"): Our EA team guides enterprises on their journey towards application modernization and experience transformation by providing innovative AI, cloud solutions, and archite…" |
| partner | Kyndryl Holdings, Inc. (KD) | 10-K 2026-05-29 | "We have several key partnerships, including with Amazon Web Services, Broadcom, Cisco, Dell, Dynatrace, Google Cloud, HPE, Microsoft, NVIDIA, Oracle, Palo Alto Networks, Red Hat, Rubrik, SAP and Servi…" |
| partner | EPLUS INC (PLUS) | 10-K 2026-05-28 | "Our solutions are comprised of world class leading technologies from partners such as Amazon Web Services ("AWS"), Arista Networks, Check Point, Cisco Systems, Citrix, CrowdStrike, Dell, Everpure, F5 …" |
| partner | ICON PLC (ICLR) | 20-F 2026-05-27 | "These include Veeva (SOP document management), Cornerstone (training delivery), ServiceNow (workflow and automation), SailPoint (identity governance), PEGA (safety reporting), Oracle ARGUS (pharmacovi…" |
| customer | RedCloud Holdings plc (RCT) | 20-F 2026-05-15 | "including SAP, Oracle, Infor, and other smaller DMS vendors and suppliers." |
| partner | FORMULA SYSTEMS (1985) LTD (FORTY) | 20-F 2026-05-13 | "its existing strategic partnerships that include partnerships with Oracle, JD Edwards, SAP, Salesforce.com, Microsoft, AWS, GCP, IBM and" |

## Revenue by business segment (quarter ended 2026-08-31)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Cloud & Software Business | $17.16B | 88.7% | +32.9% | $9.36B | 54.5% |
| Services Business | $1.41B | 7.3% | +4.8% | $445.0M | 31.5% |
| Hardware Business | $774.0M | 4.0% | +15.5% | $452.0M | 58.4% |
| Total revenue | $19.34B | 100% | — | $10.26B | 53.0% |

## Revenue by product line (quarter ended 2026-08-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Cloud Revenues | $11.61B | 60.0% | +61.5% |
| Cloud Infrastructure | $7.39B | 38.2% | +120.7% |
| Software Revenues | $5.55B | 28.7% | -3.0% |
| Software Support | $4.89B | 25.3% | -1.2% |
| Cloud Applications | $4.22B | 21.8% | +9.9% |
| Software License | $655.0M | 3.4% | -14.5% |
| Total revenue | $19.34B | 100% | — |
The lines above cover 177.4% of total revenue.

## Revenue by region (quarter ended 2026-08-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Americas | $13.71B | 70.9% | +41.9% |
| EMEA | $3.73B | 19.3% | +7.0% |
| Asia Pacific | $1.91B | 9.9% | +7.0% |
| Total revenue | $19.34B | 100% | — |

## Company outlook (8-K filed 2026-09-10)

- "Guidance for Full FY 2027 For fiscal year 2027, we now expect total revenue to be at least $90 billion, and non-GAAP EPS to be at $8.10."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-11-30) | $1.89 | $1.89 | +0.3% | $21.33B | 33 |
| Next quarter (ends 2027-02-28) | $2.02 | $2.06 | -1.9% | $23.38B | 32 |
| Current fiscal year (ends 2027-05-31) | $8.14 | $8.05 | +1.1% | $90.42B | 37 |
| Next fiscal year (ends 2028-05-31) | $10.99 | $10.89 | +0.9% | $131.77B | 39 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-12-14): ±20.2%; earnings reaction alone ±9.2%; last 8 reports averaged ±12.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 76.4% | ±9.1% |
| 2026-11-06 | 14 | 67.1% | ±10.9% |
| 2026-11-13 | 21 | 62.7% | ±12.3% |
| 2026-11-20 | 28 | 60.8% | ±13.7% |
| 2026-11-27 | 35 | 57.9% | ±14.5% |
| 2026-12-04 | 42 | 57.6% | ±15.8% |
| 2026-12-18 | 56 | 64.0% | ±20.2% |
| 2027-01-15 | 84 | 60.6% | ±23.2% |