Oracle
ConvictionModerate
Recurring license-support + cloud subscription (SaaS) plus consumption/contracted GPU compute (OCI IaaS); pivoting from high-margin software toward capital-intensive AI data-center capacity.
Revenue
$67.4BFY2026, ended 2026-05-31Rev growth
+17% YoYFY26); Cloud +39%, IaaS/OCI +77%Gross margin
consolidated stepped down ~5pts to mid-60s%OCI gross margin est. ~14% (vs AWS/Azure 30-40%Op margin
GAAP ~30.6%$20.6B op income); non-GAAP ~43% ($28.9BCapex intensity
very high — capex $55.7B = ~83% of revenueFY26); FY27 net capex ~$70B guidedMarket cap
~$430B2026-06-26Price · 1-year trend
real · weekly$149-29% 1yUSD
52-week range
$135 – $346
52w lowas of 2026-06-26 · Yahoo Finance52w high
Across the boards
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subject
AI Compute Value-Chain
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