Oracle's AI data center spending and fiscal 2029-2030 financial targets
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The articles in this story. Times are ET.
- CNBC · TechnologyNewsOracle shares jump 11% on fiscal 2030 revenue forecast and $20 billion funding cap
AIOracle shares rose after the company forecast $225 billion in fiscal 2030 revenue, implying 35% average annual growth. It also said it will limit additional fundraising from fiscal 2027 through 2030 to $20 billion, split equally between equity and debt. The shares had fallen about one-third this year over concerns about debt and the cost of its AI buildout.
Rohan PaulXPickOracle targets at least $30B free cash flow in fiscal 2029 after AI data center spendingAIOracle now targets at least $30 billion in free cash flow for fiscal 2029, after burning $23.7 billion in fiscal 2026 building AI data centers for OpenAI and others. The company plans $90 billion to $95 billion of capital spending this year and says its free cash flow turns positive in the second half of fiscal 2028. Oracle also capped further capital raising through fiscal 2030 at $20 billion, split evenly between equity and gross debt.
