Oracle sets $225 billion fiscal 2030 revenue target

Oracle used its October 28, 2026 Investor Day to set medium-term guidance of $225 billion or more in revenue in fiscal 2030, a non-GAAP operating margin of 40 percent or more and non-GAAP earnings per share of $21 or more, while reaffirming fiscal 2027 revenue of at least $90 billion and non-GAAP earnings per share of $8.10.

Why it matters: The funding frame is the leverage read: Oracle capped additional capital for the fiscal 2027 to 2030 investment cycle at $20 billion, split evenly between equity and gross debt and excluding refinancing, with free cash flow turning positive in the second half of fiscal 2028 and reaching at least $30 billion in fiscal 2029.

Data as of Oracle Corporation Form 8-K and Exhibit 99.1 (accession 0001193125-26-435853), filed October 28, 2026; the 8-K body was read in full from the local EDGAR copy and the exhibit was read in full from EDGAR in this run. All figures are the company's own guidance, subject to the release's safe harbor statement. Developing item.

Oracle set its fiscal 2030 targets at its Investor Day in Las Vegas on October 28, 2026: revenue of $225 billion or more, growth of more than 35 percent a year compounded from fiscal 2026, a non-GAAP operating margin of 40 percent or more, and non-GAAP earnings per share of $21 or more, with fiscal 2027 guidance reaffirmed at revenue of at least $90 billion and non-GAAP earnings per share of $8.10. On funding, the company capped additional capital through fiscal 2030 at $20 billion excluding refinancing, $10 billion of equity and $10 billion of gross debt, on top of a $20 billion at-the-market equity raise already completed in the first quarter of fiscal 2027, and said growth will be self-funded from fiscal 2029, when net debt to adjusted EBITDA is to fall below 3.5 times and free cash flow is to reach at least $30 billion. Capital spending peaks in fiscal 2027 and 2028 and steps down in fiscal 2029; the release gives no cloud revenue or remaining performance obligations figure.

Oracle sets $225 billion fiscal 2030 revenue target

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