Oracle Corporation ( NYSE : ORCL ) held an Investor Day on October 28th in Las Vegas, Nevada. At the event, Co-CEO Clay Magouryk, Co-CEO Mike Sicilia, and Chief Financial Officer Hilary Maxson presented the company's strategy and answered questions regarding the updated mid-term financial guidance.

Oracle indicates that, leveraging its unique combination of cloud infrastructure, databases, and application software, it expects total revenue to achieve a compound annual growth rate of over 35% during the period from FY26 to FY30, and by FY30, total revenue is expected to reach $225 billion or more. The company has also provided projections for strong profitability and free cash flow generated by its three business models. Following a peak in capital expenditures from FY27 to FY28, capital expenditures are expected to decline in FY29, thereby supporting a positive free cash flow of at least $30 billion from FY29.

Oracle promises that during the investment period from FY27 to FY30, new financing from capital markets will be limited to $20 billion, with an estimated $10 billion coming from equity and $10 billion from total debt. The aforementioned additional financing needs do not include refinancing of existing debt. This arrangement was made after the company completed $2 billion in on-exchange equity financing in the first quarter of the 2027 fiscal year. The company stated that supplier financing, hardware provided by customers, and customer prepayments are expected to reduce the initial cash requirements during the transition to positive free cash flow.

Oracle reiterates its outlook for the fiscal year 2027: total revenue of at least $90 billion and non-GAAP earnings per share of $8.10. The company stated that its capital allocation priorities remain to maintain an investment-grade credit rating, pay dividends, and provide funding for growth opportunities.

Investor day presentation materials and webcast replays will be published on Oracle's Investor Day website.

Note:Net debt includes borrowings, supplier financing, as well as operating and finance lease liabilities, less cash and marketable securities. The adjusted EBITDA is based on non-GAAP results disclosed by Oracle, and depreciation and operating lease expenses are added back in.

About Oracle

Oracle provides cloud applications and infrastructure for enterprises around the world. For more information, please visit Oracle's official website at NYSE : ORCL. www.oracle.com.

Non-GAAP Financial Indicators

To complement the financial results disclosed using the GAAP criteria, we have used non-GAAP indicators and excluded several significant expenses, including equity incentives, merger and acquisition-related costs, restructuring expenses, and other operational expenses. We believe that these indicators are helpful in understanding past financial performance and future results. Non-GAAP financial indicators should not be considered in isolation, nor should they replace comparable GAAP indicators. When reading these, it is important to understand them in conjunction with the consolidated financial statements prepared according to the GAAP criteria.

Safe Harbor Statement

Statements in this press release regarding Oracle's future plans, expectations, beliefs, intentions, and prospects, including future revenue and revenue growth, non-GAAP operating margins and earnings per share; the timing and amount of achieving positive free cash flow; expected capital expenditures; future financing needs and financing strategies, including Oracle's commitment to limit new capital raises; the expected impact of supplier financing, customer-provided hardware, and customer prepayments on upfront cash needs; the timing of achieving self-financing growth; the ratio of future net debt to adjusted EBITDA; and capital allocation priorities, including maintaining an investment-grade credit rating, distributing dividends, and providing funds for growth opportunities, are considered "forward-looking statements" and are subject to significant risks and uncertainties. Forward-looking statements can typically be identified by words such as "expected," "anticipated," "planned," "believed," "intended," "targeted," "will," and "committed," but not all forward-looking statements contain these words.Risks and uncertainties that may affect current expectations and actual results include, but are not limited to: the company's development of new products and services, the integration of acquired products and services to enhance the capabilities of existing products and services, including the AI product; the AI product not performing as expected; the company's ability to successfully implement the Oracle Cloud strategy; the company's ability to predict, plan for, acquire, and manage data center capacity; the company's ability to manage complex cloud and hardware products, including the procurement of graphics processors and other technical components; significant coding, manufacturing, or configuration errors in the products; risks related to acquisitions, joint ventures, and strategic alliances; business fluctuations and risks associated with government contracts; economic, political, and market conditions, including tariffs and trade wars; information technology system failures, privacy, and data security issues; cybersecurity vulnerabilities; disruptions caused by previous employee reorganizations; adverse legal proceedings, government investigations, and complex and constantly changing laws and regulations, including healthcare regulations. A detailed discussion of these factors and other risks affecting the company's business is contained in the documents submitted by the company to the U.S. Securities and Exchange Commission (SEC), including the most recent 10-K and 10-Q reports, particularly the "Risk Factors" section. Relevant documents can be obtained online at the SEC website, or by calling Oracle's investor relations department at (650) 506-4073, or by visiting the Oracle investor relations website at www.oracle.com / investor. The information contained in this press release is as of October 28, 2026. Oracle assumes no obligation to update any statements due to new information or future events.