Oracle reported record first quarter 2027 results that significantly exceeded analyst expectations on both revenue and earnings. Performance was driven by an unprecedented surge in AI-related infrastructure demand, leading to triple-digit growth in cloud infrastructure revenue and a massive expansion of the company's contracted backlog.
Key Highlights
- Cloud Infrastructure (IaaS) revenue surged 121% to $7.4 billion, while total cloud revenue rose 62% to $11.6 billion.
- Remaining Performance Obligations (RPO) jumped to $664 billion, driven by over $30 billion in new AI cloud contracts signed during the quarter.
- The company rapidly expanded capacity, delivering 850MW of new datacenter space and over 300,000 GPUs to customers since the end of the prior quarter.
- Oracle successfully completed a $20 billion at-the-market (ATM) equity program to fund its aggressive capital investment cycle.
- Management raised full-year 2027 guidance, now expecting total revenue of at least $90 billion and non-GAAP EPS of $8.10.