Oracle is set to report its first-quarter fiscal 2026 results on Sept. 9, with total revenues expected to grow between 11-13% at constant currency and 12-14% in dollar terms. Non-GAAP earnings per share are projected to be in the range of $1.44-$1.48 in cc and $1.46-$1.50 in USD.

Factors likely to shape Oracle’s fiscal Q1 results include strong fourth-quarter performance, aggressive pivot toward AI infrastructure, and challenges in execution and market dynamics. The company’s Stargate partnership with OpenAI and workforce restructuring are key highlights, though supply chain constraints could pose challenges.

Shares of ORCL have gained 34.1% YTD, outperforming the Computer and Technology sector. While Oracle faces competition from Amazon, Microsoft, and Google in the cloud space, its premium valuation at 45.98X TTM P/E reflects stretched valuation compared to industry peers. Investors should consider risk and reward factors before making investment decisions.

Oracle’s AI infrastructure transformation shows promise, but caution is advised due to premium valuation and execution risks. The company’s Stargate partnership is a positive sign, but massive capital requirements and supply constraints warrant patience. Current shareholders should hold, while new investors should wait for a better entry point.

Read more at Nasdaq: Oracle Stock Before Q1 Earnings: Buy Now or Wait for Results?