By Lindsay Clark
Publication Date: 2026-06-11 12:40:00
PAAS AND IAAS
Revenue rose 21% in the fourth quarter, but Wall Street was more interested in a $70 billion expansion bill
Oracle has raised its capital spending plans above analysts’ estimates and expanded borrowing to take advantage of the opportunities it sees in building data centers for AI workloads.
Although revenue rose 21 percent year-over-year to $19.2 billion in the fourth quarter (ended May 31), Oracle’s stock price fell as markets reacted to rising investments and analysts expressed concerns about how Big Red would finance data center investments. Capital spending for fiscal 2026 reached $55.7 billion, up from $21.2 billion a year earlier.
Speaking to investors, CFO Hilary Maxson said Oracle plans to support its capital investment program by raising about $40 billion in debt and equity in fiscal 2027, including a previously announced $20 billion equity offering.
“We do not expect to fund additional debt in calendar year 2026,” she said.
Last year,
