ORCL · PEAD ↓ 100

Oracle reported Q1 FY2027 EPS of $1.63 on 2026-09-10, beating the $1.39 consensus by $0.24 (+17.3%).

Print-day reaction was −5.4% versus the prior close, a sharp sell-the-news move despite the earnings beat. The overnight gap to the T+1 open recovered +7.5%, suggesting after-hours buyers stepped in to defend the pullback. Over the following two trading sessions the price resumed its decline, drifting −6.6% from the T+1 close through T+3, fully reversing the overnight bid and then some. Cumulative abnormal return of −12.5% versus SPY.US puts this firmly in PEAD short territory; the drift confirmed, and extended, the initial negative reaction through the holding window ending 2026-12-08.