What it does
Oracle states that it provides products and services for building, running and supporting enterprise IT frameworks. Its offerings span enterprise applications and infrastructure, including AI-enabled capabilities, delivered through cloud-based, on-premise and hybrid models. Oracle Cloud comprises Oracle Cloud Applications (OCA) and Oracle Cloud Infrastructure (OCI). The company also sells software licenses, hardware products, related support, and professional services. It describes three businesses: cloud and software, hardware, and services. Customers can use its applications and infrastructure technologies in Oracle Cloud, their own IT environments, or combinations of those environments.
Source: Oracle Corporation Form 10-K for fiscal 2026, Item 1 — sec.gov
How it makes money
The company states that it earns revenue across cloud and software, hardware, and services businesses; the segment table below provides the related revenue detail. Cloud applications are purchased under subscription agreements for stated periods. OCI provides infrastructure services, while customers can also buy applications and infrastructure software licenses for cloud-based or on-premise use. The filing says substantially all software-license customers purchase software support contracts, and customers generally purchase hardware support with hardware products. Oracle also offers consulting and customer-success services. Customers may renew cloud contracts and support offerings after an initial purchase.
Source: Oracle Corporation Form 10-K for fiscal 2026, Item 1 — sec.gov
Customers and geography
Oracle states that its worldwide customer base includes businesses of different sizes and industries, government agencies, educational institutions and resellers. It sells directly through its worldwide sales force and indirectly through the Oracle Partner Network. The filing says U.S. sales and services employees are based throughout the country, while international subsidiaries sell, support and service offerings in local countries and other foreign countries without a direct sales subsidiary. It markets and sells cloud, software, hardware, support and services globally. Its application offerings also address a range of industry-specific needs, including healthcare, financial services, government, retail, utilities and others.
Source: Oracle Corporation Form 10-K for fiscal 2026, Item 1 — sec.gov
Competition
The filing states that Oracle faces intense competition across all aspects of its business in an evolving IT market. It names Adobe Systems Incorporated, Alphabet Inc., Amazon.com, Inc., Cisco Systems, Inc., Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Salesforce, Inc., SAP SE, Hewlett-Packard Enterprise and Workday, Inc. It also identifies Allscripts Healthcare Solutions, Inc., Arcadia Solutions, athenahealth, Inc., Epic Systems Corporation and InterSystems Corporation as healthcare IT competitors. The company says competitors range from broad IT providers to vendors focused on particular functions, products or industries, and identifies cost of ownership, performance, scalability, reliability, security and support quality as competitive factors.
Source: Oracle Corporation Form 10-K for fiscal 2026, Item 1 — sec.gov
Key risks
The filing’s risk-factor summary highlights the following risks:
- The company may be unsuccessful in developing and selling new products and services, integrating acquired products and services, and enhancing existing offerings.
- Cybersecurity incidents and data breaches may create business, financial and reputational risks.
- Adverse litigation results could affect the business.
- Quarterly operating results may fluctuate significantly, making operations difficult to predict.
- Economic, political and market conditions can adversely affect the business, operating results and financial condition.
- The stock price could become more volatile and an investment could lose value.
Source: Oracle Corporation Form 10-K for fiscal 2026, Item 1A — sec.gov
People and operations
As of May 31, 2026, Oracle employed approximately 141,000 full-time employees. The filing states that its workforce included employees in the U.S. and internationally, with staff across cloud and software, services, sales and marketing, research and development, hardware, and general and administrative functions. Oracle relies on third-party manufacturing partners for most hardware products and notes that it relies on sole and/or single sources for certain hardware components. It operates Oracle Cloud through a global network of data centers. The company states that revenue and operating margins are typically highest in its fourth fiscal quarter and lowest in its first fiscal quarter.
Source: Oracle Corporation Form 10-K for fiscal 2026, Item 1 — sec.gov