Oracle left 64m shares out of its diluted count, against 2m a year earlier
The earnings per share note in the first-quarter fiscal 2027 10-Q: 64m shares were excluded from the diluted calculation. The company says mandatory convertible preferred stock is among them and that these shares could be dilutive in the future
aiSwingX™ Editorial · Reviewed
Published
Oracle Corporation Form 10-Q (first quarter of fiscal 2027, ended 31 August 2026, filed 2026-09-11, accession 0001193125-26-389274): condensed consolidated statements of operations; the earnings per share note and its footnote (1); the equity section of the condensed consolidated balance sheets; dividends paid in the condensed consolidated statements of cash flows; the dividend declaration in subsequent events; the depositary share description on the cover page. Quarterly figures cross-checked against SEC XBRL Company Facts.
aiSwingX™ analyzes US filings and reports them as news investors can read.
Oracle Corporation (ORCL) excluded 64m shares from its diluted earnings per share calculation for the first quarter of fiscal 2027. The figure for the same quarter a year earlier was 2m. The same quarter's income statement also carries a line that was not there a year ago.
In plain terms
Oracle sells corporate databases and cloud computing. When working out earnings per share, a company also counts shares that could come into existence later — but this quarter Oracle left 64m of them out of that count. A year earlier it left out 2m. The filing says those shares could reduce earnings per share in future.
What happened
Oracle Corporation (ORCL) sells corporate databases and cloud infrastructure. Its first quarter of fiscal 2027 ended on 31 August 2026, and the 10-Q was filed on 11 September 2026.
The bottom line of the earnings per share note:
Item
Q1 FY2026
Q1 FY2027
Shares excluded from the diluted calculation
2m
64m
That is 32 times the figure of a year earlier. The footnote to the note states that these shares "could be dilutive in the future."
We find the numbers that are in the filing but not in the news, and analyze what they mean, how big they are and what to watch next quarter — with the arithmetic and quarterly metrics. Cancel any time.
Is leaving shares out of the diluted count unusual?
It is the procedure the accounting rules set out. What changes from period to period is how much is left out. The subscriber section gives both quarters and what the exclusion contains.
What is the line that was not there a year ago?
The subscriber section carries the new income statement item, its amount, and how the earnings attributable to common shareholders changed.
What are the terms of that preferred stock?
The share count, the rate, the carrying amount and the per-share dividend the company declared are reproduced in the subscriber section.
What happened to earnings per share in the end?
Basic and diluted earnings per share and the share counts behind them are placed beside the prior year in the subscriber section.
Where can I check this myself?
On SEC EDGAR, open Oracle Corporation's first-quarter fiscal 2027 Form 10-Q (accession 0001193125-26-389274) and read the earnings per share note and its footnote.
How aiSwingX™ wrote this
We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Oracle Corporation Form 10-Q (first quarter of fiscal 2027, ended 31 August 2026, filed 2026-09-11, accession 0001193125-26-389274): condensed consolidated statements of operations; the earnings per share note and its footnote (1); the equity section of the condensed consolidated balance sheets; dividends paid in the condensed consolidated statements of cash flows; the dividend declaration in subsequent events; the depositary share description on the cover page. Quarterly figures cross-checked against SEC XBRL Company Facts. · SEC EDGAR · This article is not investment advice. Disclaimer
Frequently asked questions
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A four-item summary of the article: the key figure, what it means, the source, and what to watch next quarter. If you are short on time, read just that.
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aiSwingX™ analyzes US filings and reports them as news investors can read.
