The Ledger ResearchPrivate

The Front Office

Scouting report · ORCL

Michael D. Sicilia

  • Chief Executive Officer and Director, ORCL since 2025-09src

Came with Primavera, ran Oracle Industries; co-CEO of Oracle since Sep 2025

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—3 beat · 0 met · 0 missed · 0 withdrawn — fewer than 4, not scored
Answers the question930 dodges in 4 answers on 2 calls
Capital allocation—company five-year record: neutral — inherited: the five-year record is mostly a predecessor's
Pay design40revenue, time only · 81.9% for
Skin in the game—no holding or price on file
Age
55src
In the role
1 yr
Promises scored
3
Hit rate
100%
Dodges / 100 answers
0.0
Airtime on calls
28%
Every promise, oldest firstBBB·

What to weigh

Watch 4

  • Shares the CEO title with Clayton Magouyrk, while founder Larry Ellison (about 40.6% owner) remains Executive Chair and CTO and Safra Catz stays as Executive Vice Chairsrc
  • His $100m promotion grant is 80% time-vesting options and 20% performance options that vest on revenue metrics to 2028-05-31, with no return, cash-flow or capex conditionsrc
  • The 1,037,412 time-vesting options granted 2025-09-24 carry a $308.46 strike. Shares withheld for tax on 2026-09-21 were valued at $147.61src
  • Sells after each September RSU vesting under 10b5-1 plans: 33,845 shares at $321.16 on 2025-09-23 (a day before the window below), then 33,444 shares for about $4.9m in September 2026src

Career

  1. 2025 – now
    Oracle Corporationsrc
    Chief Executive Officer (co-CEO with Clayton Magouyrk) and Director
    Effective 2025-09-22
  2. 2025 – 2025
    Oracle Corporationsrc
    President, Industries
    June to September 2025
  3. 2019 – 2025
    Oracle Corporationsrc
    Executive Vice President, including EVP Industries and EVP Global Business Units
    October 2019 to June 2025
  4. 2009 – 2019
    Oracle Corporationsrc
    Various positions after the Primavera acquisition
    The 10-K says he joined Oracle in 2009. The search summary says 2008, the year Oracle bought Primavera
  5. 1993 – 2008
    Primavera Systemssrc
    Software engineer rising to Chief Technology Officer
    Filings give 1993-2008 and the CTO title. The search summary adds that he joined as a software engineer and became CTO in 2006 (WS-bio)

Achievements

  • Named co-CEO on 2025-09-22 after running Oracle's industry applications businesses (Industries, Global Business Units) from 2019src
  • The proxy credits him with leading Oracle's industry cloud applications and the move to AI-generated application codesrc
  • Oracle's GAAP net income was $17.1bn in FY2026, the first fiscal year he ran as co-CEO (from September)src

Education

  • Saint Joseph's University, BS Computer Sciencesrc

Background

  • Family The appointment 8-K states no family relationship with any Oracle director or executive officer and no Item 404(a) related-party transactionsrc
  • Other Came to Oracle through the Primavera Systems acquisition, where he had been CTOsrc

The promise ledger

3 scored · 1 open
ResultWhat was promisedWhere it is scoredHow
B BeatQ3 FY2026 · total rev +16–18% cc / +19–21% USD · non-GAAP EPS $1.64–1.68 cc / $1.70–1.74 USDORCL row 5written outlook
B BeatQ4 FY2026 · total rev +18–20% cc / +19–21% USD · non-GAAP EPS $1.92–1.96 cc / $1.96–2.00 USDORCL row 6written outlook
B BeatQ1 FY2027 · total rev +27–29% · non-GAAP EPS $1.71–1.75 cc / $1.72–1.76 USDORCL row 7written outlook
· Still openFY2027 · total revenue $90bn and non-GAAP EPS $8.05ORCL row 13written outlook

Questions dodged

0.0 per 100 answers

None logged on the calls reviewed.

Calls reviewed

  • FY2026-Q4.roic.json — 2 answers, 26% of the words
  • FY2027-Q1.roic.json — 2 answers, 29% of the words

Sources

10
  1. Filing Oracle Corporation 10-K for fiscal 2026 (Information About Our Executive Officers) (0001193125-26-277521) · 2026-06-22
  2. Filing Oracle Corporation 8-K Item 5.02, co-CEO appointments and option grants (0001193125-25-210089) · 2025-09-22
  3. Filing Oracle Corporation DEF 14A, 2025 annual meeting (0001193125-25-220801) · 2025-09-26
  4. Filing Oracle Corporation 8-K Item 5.07, 2025 annual meeting results (0001193125-25-291441) · 2025-11-21
  5. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1341439 (FY2026 10-K, 0001193125-26-277521) · 2026-06-22
  6. Filing Form 4, Michael D. Sicilia (reporting CIK 2071965), CEO option grant of 2025-09-24 (0001341439-25-000038) · 2025-09-26
  7. Filing Form 4, Michael D. Sicilia, RSU vesting and 10b5-1 sale of 2025-09-23 (0001341439-25-000032) · 2025-09-23
  8. Filing Form 4, Michael D. Sicilia, RSU vesting and 10b5-1 sale of 2026-09-16 (0001341439-26-000083) · 2026-09-17
  9. Filing Form 4, Michael D. Sicilia, RSU vesting and 10b5-1 sale of 2026-09-22 (0001341439-26-000094) · 2026-09-23
  10. Web search result WebSearch: Mike Sicilia education and Primavera career (Oracle executive biography page; summary: BS Computer Science, Saint Joseph's University; joined Primavera 1993 as a software engineer, CTO from 2006) · 2026-09-24