Oracle Corporation (NYSE:ORCL) stock is down over 50% from all-time highs set in September 2025. One year later, the company could look to get things on the right track with first-quarter financial results coming Thursday after market close.
Here are the earnings estimates, what analysts are saying ahead of the report and key items to watch.
Oracle Q1 Earnings Estimates
Analysts expect Oracle to report first-quarter revenue of $19.14 billion, up from $14.93 billion in last year’s first quarter, according to data from Benzinga Pro.
The company has beaten analyst estimates for revenue in two straight quarters and in four of the last 10 quarters overall.
The estimate of $19.14 billion comes close to the company’s record quarterly revenue total of $19.18, which was set in the fourth quarter.
Analysts expect Oracle to report first-quarter earnings per share of $1.74, up from $1.47 in last year’s first quarter.
The company has beaten analyst estimates for earnings per share in three straight quarters and in seven of the last 10 quarters overall.
What Experts Are Saying
Citizens analyst Patrick Walravens sees Oracle’s revenue growing by 29% year-over-year in the first quarter.
The analyst maintained an Outperform rating and price target of $285 ahead of earnings.
Walravens names four key items to look at during the earnings and management commentary, which are the health of the company’s relationship with OpenAI, if Oracle is on track for long-term revenue guidance, long-term financing plans and if the company can deliver its data center capacity plans.
The analyst highlights Oracle’s previous guidance of revenue of $130 billion in fiscal 2028 and $185 billion in fiscal 2029.
"While funding is one of the main concerns heading into the print, we view the stock as an attractive opportunity for long-term capital appreciation," Walravens said.
An equity raise has been an overhang on Oracle stock since fourth-quarter financial results, Guggenheim analyst John DiFucci said in a recent investor note.
The analyst maintains a Buy rating with a price target of $400 ahead of earnings.
"With the company having issued no equity in F4Q26, we believe investors want to see material progress this quarter," DiFucci said.
The analyst said channel checks show improving trends for Oracle’s SaaS and database segments.
"Buy-rated ORCL is our Best Idea and what we view as a ‘Decade Stock.’"
Here are other recent analyst ratings on Oracle stock and their price targets:
- Morgan Stanley: Maintained Equal-Weight rating, raised price target from $207 to $210
- RBC Capital: Maintained Sector Perform rating, with price target of $190
- Jefferies: Maintained Buy rating, lowered price target from $320 to $290
- TD Cowen: Maintained Buy rating, lowered price target from $300 to $240
Key Items to Watch
Oracle has a recent history of beating analyst estimates for revenue and earnings per share, but the stock has been hurt by concerns about financing and partnerships.
The stock is down 17.6% year-to-date in 2026. Shares are also down 53.4% from all-time highs set nearly one year ago in mid-September 2025.
Cloud revenue was up 47% year-over-year in the fourth quarter, which was a key to the double beat and record results. Cloud will be a key to watch.
Another key item to watch is remaining performance obligations, which stood at $638 billion at the end of the fourth quarter, up 363% year-over-year. Investors and analysts will be looking for this future revenue figure to come in high once again.
The company shared fiscal 2027 guidance previously and investors and analysts will be closely watching to see if these figures are increased after first quarter results.
Oracle Stock Price Action
Oracle stock is down 0.8% to $161.24 on Wednesday versus a 52-week trading range of $114.50 to $345.72.
Photo: Piotr Swat / Shutterstock
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