Oracle (ORCL): Oracle Has the Backlog. Wall Street Wants the Cash

On September 10, 2026, Oracle Corporation (NYSE:ORCL) reported first-quarter fiscal 2027 results that beat Wall Street estimates on both revenue and earnings. Revenue rose 30% to $19.3 billion, above the $19.14 billion analysts expected, and non-GAAP earnings per share came in at $1.92 versus a $1.74 estimate. Cloud revenue jumped 62% to $11.6 billion, with cloud infrastructure growing 121%. Oracle Corporation (NYSE:ORCL) shares rose as much as 7.8% the next day before closing about 2% lower, highlighting investor concerns that a recovery in cash flow remains some way off.Oracle (ORCL): Oracle Has the Backlog.