Oracle targets $30B+ free cash flow by FY29 after burning $23.7B on AI data centers
rohanpaul_ai · x · 2026-10-29
At Investor Day, Oracle said it burned $23.7B of free cash flow in FY2026 building AI data centers for OpenAI and others, plans $90-95B capex this year, and now targets FCF turning positive in H2 FY2028 and $30B+ by FY2029. The plan hinges on capex peaking in FY27-28, customer prepayments/vendor financing covering upfront costs, and new capital raises capped at $20B through FY30. Long-term guide: $225B+ revenue by FY30 (>35% CAGR). Shares jumped up to 9.6% after falling 33% this year.
Related event: Oracle Targets $30B Free Cash Flow by FY29 After AI Spending(2 posts)→
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