Oracle Corp

Company facts

Industry

Services-Prepackaged Software

Headquarters

Austin, Texas

Most recent report

10-K, filed Jun 22, 2026

Filings on record

1,000+ filings

On EDGAR

CIK 1341439

Fiscal year ends

May

Filer status

Large accelerated filer

What to read: FY2026 10-K

SECSift found 5 of 27 sections worth reading, with 2 positive, 18 notable, and 2 negative flags.

• Business (Item 1)

  Contains key company-specific metrics, strategy shifts, and workforce changes.
  Positive

  • Cloud revenue reached 51% of total in FY2026, showing clear shift to cloud.
  Notable

  • R&D spending increased to $10.3B in FY2026, up 4% from $9.9B in FY2025.
  • Cloud applications revenue share of total cloud revenue fell to 47% in FY2026 from 58%.
  • Cloud infrastructure revenue grew to 53% of cloud revenue in FY2026, from 42% in FY2025.
  • Internal promotion rate fell from 29% to 20% of open non-entry level positions.
  • New co-CEO structure: Magouyrk (39) and Sicilia (55) took over in September 2025.
  Negative

  • Workforce dropped 13% from 162,000 to 141,000 employees year-over-year.

• Risk Factors (Item 1A)

  Major debt increase to $129.5B; expanded AI, data center, and TikTok risks.
  Notable

  • AI risk factor expanded: added agentic AI, EU AI Act phases through 2030, copyright/bias risks.
  • Data center risk now covers government construction limits, power constraints, long-term lease mismatch.
  • Workforce restructuring now explicitly includes reductions driven by AI adoption.
  Negative

  • Oracle is a named defendant in a securities class action over stock price drop.

• Properties (Item 2)

  Shows real estate rationalization and cloud infrastructure scale; 181 data centers disclosed.
  Notable

  • Office footprint shrunk 1.5M sq ft; 45% now sublet/marketed vs 37% prior year.
  • Now explicitly quantifies 181 data center locations; previously only mentioned colocation.

• Management's Discussion (Item 7)

  Substantive results: cloud infra 77% growth, $55.7B capex, $638B backlog.
  Positive

  • Cloud revenues now 51% of total, up from 43% in FY2025.
  Notable

  • Net gain of $2.7B from sale of Ampere investment boosted non-operating income in FY2026.
  • Issued $42.7B in senior notes and $5.0B in mandatory convertible preferred stock during FY2026.
  • Capital expenditures more than doubled to $55.7B in FY2026 to expand data centers.
  • Remaining performance obligations surged to $638B from $138B, driven by significant cloud contracts.

• Exhibits (Item 15)

  Massive infrastructure buildout, debt surge, and record cloud growth drive this section.
  Notable

  • Recorded $4.6B of customer prepayments with significant financing component in FY2026.
  • Introduced Employee Choice Program allowing stock option or RSU election starting FY2026.
  • Recorded $1.8B restructuring charge for AI integration and efficiency moves in FY2026.
  • Authorized $20B ATM equity program; no shares sold as of May 31, 2026.

What changed: FY2026 vs. FY2025

About 19% of ORCL's FY2026 10-K is new information. 160 paragraphs were added, 398 changed, and 249 removed. Below are the most important lines SECSift identified.

• Exhibits (Item 15) 178
• Risk Factors (Item 1A) 97
• Management's Discussion (Item 7) 89
• Business (Item 1) 86
• Form 10-K Summary (Item 16) 20
• Controls and Procedures (Item 9A) 7
• Cybersecurity (Item 1C) 5
• Market for the Stock (Item 5) 5
• Market Risk (Item 7A) 1