Why I Really Like Oracle Ahead Of Q1 Earnings

Oracle targets 27% to 29% quarterly revenue growth, supported by accelerating cloud demand, contracted capacity, and expanding AI infrastructure deployments.

OCI delivered 1.2 gigawatts during fiscal 2026 and targets one gigawatt in Q1, creating an important execution test for investors.

Ninety-eight percent of active AI data-center capacity is contracted, while GPU utilization reached 97.5%, supporting backlog quality despite concentration concerns.

Oracle signed $67 billion of AI infrastructure contracts during Q4, including four enterprise customers committing more than $8 billion apiece.

Applying a 20-to-22-times multiple to elevated fiscal 2028 earnings supports a $242 target, implying approximately 57% twelve-month upside potential ahead.

Previewing Oracle's Upcoming Q1 Earnings In my previous article on Oracle Corporation ( ORCL ), which came out in June 2026, I was previewing the company's Q4 2026 fiscal quarter, expecting a gradual re-acceleration in its cloud infrastructure business (OCI) and possibly