Quick overview

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Oracle (ORCL) is scheduled to report its fiscal 2026 first-quarter results on September 9. The company’s total revenues are projected to increase by 11–13 percent at constant currency (cc) and 12–14 percent in dollar terms during the first quarter of fiscal 2026. The Zacks Consensus Estimate for revenues is currently $15.01 billion, indicating a 12.8 percent growth compared to the same quarter last year.

The expected range of non-GAAP earnings per share is $1.44–$1.48, representing a 4.6 percent increase, and $1.46–$1.50, which corresponds to 5-7 percent growth.

The consensus earnings estimate, over the past 30 days, is $1.47 per share. This figure posted a 5.76 percent increase compared to the same period last year. Oracle’s earnings surprise for the most recent quarter was negative by 3.66 percent.

Notably, the company’s earnings averaged a 1.9 percent miss, falling short of the Consensus Estimate in two of the last four quarters while beating it twice. Oracle entered its first quarter of fiscal 2026 with strong momentum, delivering impressive fourth-quarter results that exceeded expectations.

The tech giant’s aggressive push into AI infrastructure has positioned it for faster growth, although market dynamics and execution challenges have presented both opportunities and obstacles as the quarter progressed.

Oracle’s AI strategy focused on the large Stargate partnership with OpenAI. The historic deal confirmed Oracle’s infrastructure investments. It initially involved 4.5 gigawatts of data center capacity, to generate $30 billion in annual revenue starting in fiscal 2028.

Oracle delivered the first Nvidia GB200 racks in the upcoming quarter and supported early training workloads at the Abilene, Texas, facility, which became operational. Through this collaboration, part of a larger $500 billion AI infrastructure project, Oracle positioned itself alongside industry leaders competing in AI.

However, the excitement may have been tempered by significant operational challenges. Hundreds of jobs were affected by Oracle’s strategic layoffs, mainly impacting the Oracle Cloud Infrastructure division in India, the US, and Canada. Oracle’s expansion of its data center capacity is expected to face additional challenges due to supply chain constraints and semiconductor shortages.

Oracle stock price action

Oracle stock is experiencing significant declines; the overall inflow ratio is between 47 percent, and all key categories are trending downward.

A bearish signal is indicated by the large and extra-large institutional inflow ratios falling below 47 percent. The Small_trend is also pointing downward, suggesting that even individual investors are cautious. Despite mixed analyst opinions, this indicates a general lack of confidence in the stock’s near-term direction. With an internal diagnostic score of 5.35, Oracle’s technical outlook is neutral. Neither bulls nor bears have strong control, and the market is currently in a wait-and-see phase.

Oracle’s stock is in a technical holding pattern, meaning no clear signals are pushing it either way.

Markets remain optimistic, although the market hasn’t yet aligned with analysts’ cautious optimism. Investors should watch for potential catalysts that could shift the balance in favor of bulls or bears, such as macroeconomic changes, industry trends, or earnings reports. Monitoring the stock for a clear breakout or a decline to a more favorable entry point may be the best approach in the near term..