Why Oracle matters
Oracle reported fiscal Q1 2027 revenue of $19.3 billion, up 30%, on September 10, 2026, with cloud infrastructure revenue up 121% to $7.4 billion and remaining performance obligations of $664 billion. Roughly half that backlog stems from the $300 billion, five-year OpenAI compute contract announced in September 2025. Capital spending hit $28.5 billion in the quarter as Oracle builds data centers to deliver it.
The numberRemaining performance obligations of $664 billion and OCI revenue up 121%, reported September 10, 2026
On The Agentic 80
Listed under Enterprise agent platforms. Agents inside the systems companies already run.
On The All Things AI 100
Listed under Enterprise software. The systems of record adding AI to what companies already run.
Quick answers
- What does Oracle do?
- Database, Fusion cloud applications and OCI infrastructure, now a major supplier of AI compute. Oracle reported fiscal Q1 2027 revenue of $19.3 billion, up 30%, on September 10, 2026, with cloud infrastructure revenue up 121% to $7.4 billion and remaining performance obligations of $664 billion.
- What AI capabilities does Oracle offer?
- Oracle offers AI capabilities through Oracle Cloud Infrastructure, including GPU compute for training and running models and managed generative AI services for text, vision, speech, and document tasks. In Fusion Applications, Oracle AI Agent Studio lets customers configure agents for finance, HR, and customer processes. Its database and analytics products add AI-assisted querying, forecasting, and anomaly detection.
- Why is Oracle on The Agentic 80?
- Oracle is listed under Enterprise agent platforms. Agents inside the systems companies already run. Remaining performance obligations of $664 billion and OCI revenue up 121%, reported September 10, 2026.
- Why is Oracle on The All Things AI 100?
- Oracle is listed under Enterprise software. The systems of record adding AI to what companies already run. Remaining performance obligations of $664 billion and OCI revenue up 121%, reported September 10, 2026.
- Where is Oracle based, and who owns it?
- Oracle is based in Austin, TX, was founded in 1977 and is public (NYSE: ORCL).