TECH NEWS

Oracle spent $55.7 billion on data centres in a single year, beat its own guidance by $5.7 billion, and wants to raise another $40 billion

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TL;DR

Oracle spent $55.7 billion on data centres in FY2026, overshooting its own $50 billion guidance. Revenue and cloud bookings beat estimates, but the stock fell 7% after hours on capex concerns and plans to raise another $40 billion.

Oracle reported fiscal fourth-quarter revenue of $19.2 billion, up 21% year on year, and adjusted earnings of $2.11 per share, beating analyst estimates of $19.1 billion and $1.97 respectively. The numbers were overshadowed by capital expenditure that came in well above the company’s own projections.

The company spent approximately $55.7 billion on capital expenditure in the fiscal year ended May 31, exceeding its previous guidance of $50 billion. Oracle now expects to spend roughly $70 billion in net capital expenditure in fiscal 2027, with the reported figure $20 billion to $25 billion higher due to prepayments for components, CFO Hilary Maxson said on the earnings call.

The cloud numbers

Cloud infrastructure...

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