Oracle is scheduled to report first-quarter fiscal 2027 earnings after market close on September 10, with options markets pricing an expected 11.2% share move. DA Davidson analyst Gil Luria says demand is not the main risk; the key questions are whether Oracle can add enough compute capacity and secure sufficient capital to sustain growth. Oracle guided to first-quarter earnings per share of $1.72 to $1.76, above the $1.61 consensus, and revenue of $18.96 billion to $19.25 billion, compared with estimates of $19.13 billion. The company reaffirmed fiscal 2027 revenue guidance of $90 billion and non-GAAP EPS guidance of $8.05. Luria pointed to Oracle’s dependence on a handful of large data-center projects, including a New Mexico facility unable to secure a gas connection, and said investors will watch for confirmation that the company completed an at-the-market equity offering launched earlier this year. Debt reduction remains important because Oracle entered the AI infrastructure cycle with significant leverage after acquiring Cerner. Oracle’s $638 billion backlog, rapid infrastructure-cloud growth and heavy data-center spending remain central to the investment case. The company reported fourth-quarter revenue of about $19.18 billion, up 21%, and adjusted EPS of $2.11, while its shares have fallen 18.87% this year and 33.42% over the past year. Friday’s close was $158.78, followed by a 0.58% gain in extended trading.