Oracle Corporation (ORCL)
Oracle runs one of the world's most widely used database platforms and has pivoted aggressively into cloud infrastructure and applications. Its cloud regions have become a favored home for large AI training workloads.
Information Technology stock comparison
ORCL vs QCOM: which business are you actually underwriting?
Oracle (ORCL) is the larger business by reported revenue: $67.4B in its fiscal year ended May 2026, about 1.5× QCOM's $44.3B (fiscal year ended Sep 2025). ORCL's net margin was 25.2% and QCOM's 12.5%. The SEC classifies them differently (Services-Prepackaged Software; Radio & Tv Broadcasting & Communications Equipment); what connects them is shared exposure to the Artificial intelligence research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Sector
- Information Technology
- SEC industry
- Different
- Separate classifications
- Fiscal year ends
- Different
- ORCL May 31 · QCOM September 27
- Reviewed
- Jun 22, 2026
ORCL vs QCOM: quick comparison
| Company fact | ORCL | QCOM |
|---|---|---|
| Company | Oracle Corporation | QUALCOMM Incorporated |
| Exchange | NYSE | NASDAQ |
| Headquarters | Austin, Texas | San Diego, California |
| Founded | 1977 | 1985 |
| SEC industry | Services-Prepackaged Software | Radio & Tv Broadcasting & Communications Equipment |
| Fiscal year-end | May 31 | September 27 |
| Latest annual filing | 10-K · 2026-06-22 | 10-K · 2025-11-05 |
ORCL vs QCOM: audited financials
- Scale: ORCL's $67.4B of revenue is about 1.5× QCOM's $44.3B.
- Net margin: ORCL kept 25.2% of revenue as net income versus 12.5% at QCOM.
- Cash conversion: operating cash flow equalled ORCL 47.5% of revenue, or 1.88× net income; QCOM 31.6% of revenue, or 2.53× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 8 months apart (2026-05-31 for ORCL, 2025-09-28 for QCOM), so each figure reflects somewhat different demand and cost conditions.
| Metric | ORCL | QCOM |
|---|---|---|
| Revenue | $67.4B2025-06-01 to 2026-05-31 · SEC filing | $44.3B2024-09-30 to 2025-09-28 · SEC filing |
| Net income | $17.0B2025-06-01 to 2026-05-31 · SEC filing | $5.5B2024-09-30 to 2025-09-28 · SEC filing |
| Operating cash flow | $32.0B2025-06-01 to 2026-05-31 · SEC filing | $14.0B2024-09-30 to 2025-09-28 · SEC filing |
| Diluted EPS | $5.832025-06-01 to 2026-05-31 · SEC filing | $5.012024-09-30 to 2025-09-28 · SEC filing |
| Net margin | 25.2%2025-06-01 to 2026-05-31 · SEC filing | 12.5%2024-09-30 to 2025-09-28 · SEC filing |
ORCL: FY ending 2026-05-31 · QCOM: FY ending 2025-09-28. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where ORCL and QCOM overlap, and where they don't
Overlap
- Shared research theme: Artificial intelligence.
Differences
- Different SEC industries: ORCL files as Services-Prepackaged Software; QCOM as Radio & Tv Broadcasting & Communications Equipment.
- Offset fiscal calendars: ORCL's year ends May 31 and QCOM's September 27, about 8 months apart.
- Only QCOM maps to Tariffs & trade.
- Scale: ORCL reported about 1.5× the annual revenue of QCOM.
- Profitability: net margin of 25.2% for ORCL versus 12.5% for QCOM.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
QUALCOMM Incorporated (QCOM)
Qualcomm designs the mobile chipsets and wireless-modem technology that power much of the smartphone industry, and it licenses a deep patent portfolio. It is broadening into automotive, PCs, and on-device AI.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves ORCL
- Oracle Cloud Infrastructure capacity additions and data-center build-out
- Migration of software support customers to cloud applications and infrastructure
- Renewal of software support contracts on the installed license base
- Capital spending and borrowing to fund data-center expansion
What moves QCOM
We have not yet published a company-specific driver list for QCOM. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2025-11-05.
The investment question
You now know ORCL reports about 1.5× QCOM's revenue, and ORCL keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to artificial intelligence, including “Oracle Cloud Infrastructure capacity additions and data-center build-out” at ORCL, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. ORCL's fiscal year ends May 31, while QCOM's ends September 27. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 48 matched transaction rows for ORCL and 23 matched transaction rows for QCOM. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
ORCL primary filings
QCOM primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
ORCL vs QCOM FAQs
Are ORCL and QCOM direct competitors?
Not necessarily. Oracle files as Services-Prepackaged Software and QUALCOMM as Radio & Tv Broadcasting & Communications Equipment. The pair is compared because both map to the Artificial intelligence research theme, not because the filings show head-to-head competition.
Is ORCL or QCOM the bigger company by revenue?
Oracle (ORCL) is the larger business by reported revenue: $67.4B in its fiscal year ended May 2026, about 1.5× QCOM's $44.3B (fiscal year ended Sep 2025). ORCL's net margin was 25.2% and QCOM's 12.5%. The SEC classifies them differently (Services-Prepackaged Software; Radio & Tv Broadcasting & Communications Equipment); what connects them is shared exposure to the Artificial intelligence research theme, not a common industry. Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, ORCL or QCOM?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this ORCL vs QCOM comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Oracle Corporation and QUALCOMM Incorporated tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-09-26. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-09-26. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
ORCL vs QCOM compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $15/month or $150/year.
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