Method: How AlphaLens works · All modes: 15 frameworks · Same sequence by hand: How to analyze a stock
Oracle's Q1 fiscal 2027 numbers, reported September 10, 2026, were genuinely strong: cloud revenue up 62%, a record $664 billion backlog, and GAAP diluted EPS of $1.56, up 55%. None of that is the interesting question. The interesting question is what it costs to generate that growth, and whether the business itself is paying for it. Oracle's interest expense ran $1.428 billion in the quarter alone, up 55% year over year, against $125.3 billion in total debt. Two frameworks below on the debt maturity wall and the liquidity picture, exactly as filed, not a recap of the earnings beat.
Total revenue was $19.345 billion, up 30%. Cloud revenue (infrastructure plus applications) was $11.607 billion, up 62%, with Cloud Infrastructure (IaaS) specifically up 121% to $7.4 billion and Cloud Applications (SaaS) up 10% to $4.2 billion. Software revenue declined 3% to $5.55 billion as customers continue migrating off on-premises licenses. Operating income was $6.728 billion, a 35% margin, up 57%. Oracle also completed the sale of $20 billion of common stock through an at-the-market equity program during the quarter, part of a previously disclosed capital investment program, and the board declared a $0.50 per share quarterly dividend payable October 23, 2026.
On cash flow specifically, the filed press release states record Q1 operating cash flow of $23 billion, up 184%, with free cash flow negative $5 billion for the quarter. That is a different window from the free cash flow figure used in the framework sections below, which comes from the full fiscal year 2026 10-K (operating cash flow $31.977 billion minus capital expenditures $55.663 billion, for free cash flow of negative $23.686 billion for the twelve months ended May 31, 2026). Both figures are real and both are as filed; they simply cover different periods, and this report keeps them labeled separately rather than treating a one-quarter figure and a twelve-month figure as comparable.
Yes. The retrieved block contains a named maturity schedule tagged in XBRL.
Filing stamp: Form 10-Q, period ended August 31, 2026, filed September 11, 2026, SEC accession 0001193125-26-389274. The maturity figures themselves are dated as of May 31, 2026, meaning this 10-Q is carrying forward the schedule from the fiscal year 2026 10-K rather than restating it fresh this quarter. As filed:
| Year | Principal due |
|---|---|
| Year 1 | $7.21B |
| Year 2 | $10.145B |
| Year 3 | $5.5B |
| Year 4 | $7.25B |
| Year 5 | $9.75B |
| Thereafter | $90.25B |
These figures sum to approximately $130.1 billion, which is not identical to the $125.3 billion total debt figure reported elsewhere in this same 10-Q; the two are tagged from different XBRL concepts (a gross maturity schedule versus a carrying-value total debt figure) and this report presents both as filed rather than forcing them to reconcile to a single number.
Not in the retrieved block. The individual named instruments (issue name, coupon, stated maturity) were not located in this pass of the filing text.
Year 1 plus Year 2 equals $17.355 billion, or about 13.3% of the $130.1 billion disclosed maturity total. This is arithmetic on the filed rows above, not a separate rating or stress test.
Not in the retrieved block. No maintenance covenant ratio, threshold, or general compliance sentence was located in this pass of the filing text.
No qualifying subsequent 8-K was found in this feed.
The verbatim long-term debt footnote from the 10-Q or 10-K, which would name each instrument, its coupon and stated maturity, and any covenant terms, none of which were located in this particular data pull.
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Try free, card requiredYes. The retrieved block contains named cash and debt figures.
As of August 31, 2026 (Form 10-Q): cash and cash equivalents $36.369 billion, total debt $125.337 billion, total assets $303.259 billion. The current-versus-noncurrent split of that debt total is not broken out separately in this payload; the aggregate figure is tagged from two combined components (long-term notes and loans, plus current notes payable) without the individual dollar amounts of each shown here. For the fiscal year ended May 31, 2026 (Form 10-K): operating cash flow $31.977 billion against capital expenditures $55.663 billion, for free cash flow of negative $23.686 billion. Separately, the filed Q1 FY2027 press release narrative states record quarterly operating cash flow of $23 billion (up 184% year over year) with free cash flow negative $5 billion for the quarter, a different period than the annual figures just cited. The filing states Oracle completed a $20 billion at-the-market equity raise during the quarter; a prior-quarter cash and debt balance to measure the change against is not in this payload, so this report states the August 31, 2026 balances above without an unverified prior-period comparison.
Not in the filing. No operating or finance lease, purchase obligation, or guarantee disclosure was located in this pass of the retrieved filing text.
An itemized current-versus-noncurrent debt split and the leases and purchase-obligations footnote, neither of which is in this payload, would sharpen this picture. A revolver-availability disclosure, if one exists, would also matter and is not present here.
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