Oracle Booked $11.4B in Capex-Related Customer Prepayments in Q1 FY27: Build After Billing

HaktanSuren · x · 2026-09-11

Oracle's Q1 FY27 results include $11.4 billion in customer prepayments tied to capex — essentially customers paying before the infrastructure is built. The poster quips: "Can we ask customers to pay before we build it?" The figure is a stark signal of how insatiable AI compute demand has become, inverting the traditional build-first cloud model.

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