Adobe and Oracle
After today’s market close, Adobe ($ADBE) and Oracle ($ORCL) report their quarterly results.
For Adobe, which is expected to deliver EPS of $6.09 on $6.7 billion in revenue, it will be the first earnings since it announced Anil Chakravarthy will succeed Santanu Narayen as CEO December 1. Now to see if outgoing CEO Narayen delivers guidance that matches Wall Street’s expectation for the final quarter under his tenure. For Adobe’s November quarter, Wall Street sees EPS of $6.33 on $6.85 billion in revenue.
Turning to Oracle, the market consensus is for the company to post EPS of $1.74 on $19.13 billion in revenue for its August quarter. For the current one, those figures are $1.89 and $21.17 billion. In addition to those figures, we’ll be following Oracle’s remaining performance obligations (RPOs), which stood at $638 billion exiting its May 2026 quarter. During that May quarter, management booked $67 billion in AI infrastructure contracts. We’ll also be looking to see if Oracle increases its capital spending plan for its fiscal 2027 beyond the $70 billion shared back in June.
In reviewing both earnings releases and corresponding earnings calls, we will also be mindful about what is said pertaining to the pace of AI adoption and usage.
Position: None
