Overview
Oracle reported a strong fiscal third quarter for 2026, with revenue up 22% to $17.2 billion and cloud infrastructure revenue soaring 84% to $4.9 billion. Despite a negative free cash flow of $24.7 billion, the company raised $30 billion through bonds and preferred stock, indicating strong investor interest. Oracle's backlog of contracted future work reached $553 billion, showcasing significant demand. The company aims to decouple capital expenditures from its own funding by allowing customers to finance capacity buildouts.
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Oracle blows investors away with 22% ‘hyper growth’—but cash flow crunches to negative $24.7 billionOracle reported a strong fiscal third quarter for 2026, with revenue up 22% to $17.2 billion and cloud infrastructure revenue soaring 84% to $4.9 billion. Despite a negative free cash flow of $24.7 billion, the company raised $30 billion through bonds and preferred stock, indicating strong investor interest. Oracle's backlog of contracted future work reached $553 billion, showcasing significant demand. The company aims to decouple capital expenditures from its own funding by allowing customers to finance capacity buildouts.
Oracle plans to raise up to $50 billion in debt and equity during the 2026 calendar year to expand its data center capacity for cloud customers, addressing strong demand for AI infrastructure. Despite an initial positive market reaction, Oracle's stock fell after concerns about its debt and a social media post that raised investor anxiety. Key metrics include Oracle's $100 billion debt load and a 2% initial stock increase, followed by a 2.79% decline, closing at $160.06.
Oracle raises $25bn in bond offering despite concerns over rising debt