Oracle plans to raise approximately $40 billion during fiscal year 2027. The financing includes an at-the-market equity program of up to $20 billion.
The company intends to maintain its investment-grade credit rating while expanding AI infrastructure. These funds will support a multiyear agreement to provide compute capacity for OpenAI.
Capital expenditures are expected to peak in fiscal years 2027 and 2028. Spending is projected to decline after this period.