ORCL · ORACLE CORP
10-K filed 2026-06-22 period 2026-05-31
70 Stable
confidence medium · source filing on SEC.gov ↗
- Net property, plant, and equipment surged from $43,522 million to $99,957 million, reflecting an unprecedented capital investment cycle to expand OCI and AI data center capacity.
- Oracle underwent a major management shakeup with Clayton M. Magouyrk and Michael D. Sicilia appointed as co-CEOs in September 2025, and Hilary Maxson appointed as CFO in April 2026.
- Cloud revenues grew by 38.7% to $33,989 million, becoming the largest revenue segment and driving overall revenue growth of 17.4% to $67,357 million.
Filing Health Score pillars
Profitability 25%
85
Revenue grew by 17.4% to $67,357 million and net income increased by 37.3% to $17,087 million, though operating margin remained flat at 30.6% (Consolidated Statements of Operations).
Balance sheet 20%
55
Total debt reached $129,541 million against cash and marketable securities of $31,894 million, while common shares outstanding increased by 2.6% alongside the issuance of $4,954 million in preferred stock (Consolidated Balance Sheets).
Cash generation 20%
60
While net income grew to $17,087 million and depreciation rose to $7,623 million, the massive increase in net PP&E to $99,957 million indicates extremely high capex intensity that likely pressures free cash flow (Consolidated Balance Sheets & Statements of Cash Flows).
Risk flags 20%
75
Internal controls were evaluated as effective and the audit opinion is unqualified, but the company faces significant risks regarding AI infrastructure execution, data center power constraints, and GPU supply chain concentration (Item 9A & Item 1A Risk Factors).
Mgmt signal 15%
70
Oracle experienced a major leadership transition with new co-CEOs and a new CFO, while segment momentum is strong with cloud revenues growing 38.7% to offset flat software revenues (Consolidated Statements of Operations & Information About Our Executive Officers).
Key metrics (FY2026 (Year Ended May 31, 2026))
net income: $17,087 million
cash and equivalents: $31,289 million
total debt: $129,541 million
shares outstanding: 2,880 million
revenue: $67,357 million
period: FY2026 (Year Ended May 31, 2026)
operating cash flow: Not fully disclosed (truncated in filing text)
Gemma triage notes (pre-analysis, second opinion)
None for this filing.Automated research summaries derived from SEC filings. Not investment advice.