By Khac Phu Nguyen
Publication Date: 2025-12-16 19:51:00
This article first appeared on GuruFocus.
CreditSights analysts have marked a potentially significant shift in Oracle (NYSE:ORCL)’s risk profile following the company’s recent regulatory filing, which disclosed a far greater number of future leasing obligations than previously. In its newly released 10-Q, Oracle outlined $248 billion in lease payment obligations, largely tied to data center and cloud capacity, scheduled to begin by fiscal 2028 and not reflected on the balance sheet. CreditSights’ Jordan Chalfin and Michael Pugh called the disclosure a bombshell, noting that the figure was nearly $150 billion higher than investors had inferred from previous earnings filings, a development that could lead to greater scrutiny of Oracle’s AI infrastructure strategy.
Analysts point out that the scale of these commitments underscores how capital intensive Oracle’s late foray into AI and cloud infrastructure has become to compete…
