甲骨文 2027财年第一季度业绩

甲骨文 2027財年第一季度業績

Oracle FY2027 Q1 Results

2026-09-10 · 长桥2026-09-10 · 長橋2026-09-10 · Longbridge

甲骨文本季营收193.45亿美元，同比增长30%，高于市场一致预期的191.29亿美元，差距约1.1个百分点。净利润（归属普通股股东）46.79亿美元，同比增长60%，较一致预期的39.44亿美元高出18.6%。摊薄每股收益1.56美元，同比增长55%，同样高于一致预期的1.30美元。

甲骨文本季營收193.45億美元，年增30%，高於市場一致預期的191.29億美元，差距約1.1個百分點。淨利潤（歸屬普通股股東）46.79億美元，年增60%，較一致預期的39.44億美元高出18.6%。攤薄每股收益1.56美元，年增55%，同樣高於一致預期的1.30美元。

Oracle's quarterly revenue reached $19.35 billion, up 30% year over year and roughly 1.1 percentage points above the consensus estimate of $19.13 billion. Net income available to common shareholders was $4.68 billion, up 60% year over year, exceeding the consensus estimate of $3.94 billion by 18.6%. Diluted earnings per share came in at $1.56, up 55% year over year, also above the consensus estimate of $1.30.

分部与利润率

分部與利潤率

Segments and margins

云服务收入116.07亿美元，同比增长62%，占总营收的60%，其中云基础设施（IaaS）收入73.88亿美元，同比增长121%，云应用（SaaS）收入42.19亿美元，同比增长10%。软件收入55.50亿美元，同比下降3%，占比29%；硬件收入7.74亿美元，同比增长15%，占比4%；服务收入14.14亿美元，同比增长5%，占比7%。毛利率60.0%，营业利润率34.8%，净利率24.6%。

雲服務收入116.07億美元，年增62%，佔總營收的60%，其中雲基礎設施（IaaS）收入73.88億美元，年增121%，雲應用（SaaS）收入42.19億美元，年增10%。軟體收入55.50億美元，年減3%，佔比29%；硬體收入7.74億美元，年增15%，佔比4%；服務收入14.14億美元，年增5%，佔比7%。毛利率60.0%，營業利潤率34.8%，淨利率24.6%。

Cloud revenue totaled $11.61 billion, up 62% year over year and accounting for 60% of total revenue; within that, Cloud Infrastructure (IaaS) revenue was $7.39 billion, up 121%, and Cloud Applications (SaaS) revenue was $4.22 billion, up 10%. Software revenue declined 3% to $5.55 billion, or 29% of the total; Hardware revenue rose 15% to $0.77 billion, 4% of the total; Services revenue rose 5% to $1.41 billion, 7% of the total. Gross margin was 60.0%, operating margin 34.8%, and net margin 24.6%.

现金流

現金流

Cash flow

经营活动现金流入231.03亿美元，同比大增184%，相当于净利润47.60亿美元的4.85倍。资本开支284.99亿美元，自由现金流因此转负，为-53.96亿美元，占营收比重约-27.9%。

經營活動現金流入231.03億美元，年增184%，相當於淨利潤47.60億美元的4.85倍。資本開支284.99億美元，自由現金流因此轉負，為-53.96億美元，佔營收比重約-27.9%。

Operating cash flow was $23.10 billion, up 184% year over year — about 4.85 times net income of $4.76 billion. Capital expenditures totaled $28.50 billion, which pushed free cash flow negative to -$5.40 billion, roughly -27.9% of revenue.

指引

指引

Guidance

公司对2027财年第二季度给出非GAAP口径指引：总营收预计同比增长30%–34%；云业务总营收预计按固定汇率增长64%–70%、按美元口径增长65%–71%；非GAAP摊薄每股收益预计为1.85–1.93美元。全财年层面，公司预计2027财年总营收不低于900亿美元，非GAAP每股收益为8.10美元。

公司對2027財年第二季度給出非GAAP口徑指引：總營收預計年增30%–34%；雲業務總營收預計按固定匯率增長64%–70%、按美元口徑增長65%–71%；非GAAP攤薄每股收益預計為1.85–1.93美元。全財年層面，公司預計2027財年總營收不低於900億美元，非GAAP每股收益為8.10美元。

Oracle issued non-GAAP guidance for Q2 FY2027: total revenue is expected to grow 30%–34% year over year; total cloud revenue is expected to grow 64%–70% in constant currency and 65%–71% in USD; non-GAAP diluted EPS is expected to be $1.85–$1.93. For full fiscal year 2027, the company expects total revenue of at least $90 billion and non-GAAP EPS of $8.10.

数据以公司披露为准。本文仅供参考，不构成投资建议。數據以公司揭露為準。本文僅供參考，不構成投資建議。Figures are as reported by the company. For informational purposes only; not investment advice.