By Amanda Gerut
Publication Date: 2026-03-10 23:48:00
oracle called third quarter Fiscal 2026 was the best in 15 years, with revenue up 22% to $17.2 billion and cloud infrastructure up 84% to $4.9 billion. The market rejoiced, sending the stock up nearly 10% in after-hours trading on Tuesday.
Despite the market’s upswing, the business software giant is wasting cash at an ever-increasing rate. Just three quarters ago, Oracle’s free cash flow was virtually zero, and this quarter the trailing 12-month figure was negative $24.7 billion as capital spending rose from $21.2 billion in fiscal 2025 to an expected $50 billion this fiscal year as the company pushes ahead with building out its AI data center.
Chief Financial Officer Doug Kehring said after the market closed that Oracle would release more information about its fiscal 2027 capital spending next quarter.
“I think we will get back to everyone at the end of the financial year and then talk about investments for the next year,”…
