Oracle closed its combined 20 billion dollar capital raise on November 4, per its Form 8-K filed the same day (accession 0001193125-26-447507). The equity leg sold 86,206,897 shares for about 10 billion dollars, and the notes leg placed 10 billion dollars across five maturities from 2029 to 2046 at coupons from 7.000 percent to 8.650 percent. Proceeds are for general corporate purposes, which the company said may include capital expenditures and debt repayment. The pricing was covered on November 2 to 3; the closing completes the financing framework Oracle capped at 20 billion dollars through fiscal 2030.
On premises computing is still growing underneath the cloud buildout. Hyperion Research put first half 2026 on premises HPC and AI for Science server revenue at 16.5 billion dollars, up 19.9 percent year over year, while unit shipments rose only 4.4 percent, meaning the growth is price and configuration, driven by GPUs and by memory costs that have tripled or quadrupled. Dell passed HPE as the market leader for the first time in more than 25 years, with 4.2 billion dollars of server revenue and about a 24 percent share against HPE’s 21 percent.
Snap missed after hours on November 4. Revenue rose 14 percent to 1.72 billion dollars, just below the 1.73 billion dollars expected, and daily active users of 495 million missed the 499 million expected, sending shares down more than 10 percent after hours despite a swing to 56 million dollars of net income. Fourth quarter revenue guidance of 1.95 billion to 1.99 billion dollars was roughly in line.
The hyperscaler notes wave closed out. Microsoft’s 8-K (accession 0001193125-26-447173) confirmed its multi tranche offering underwritten October 29, and Alphabet’s final terms prospectus (accession 0001193125-26-447343) set its 6 billion euro offering across seven tranches maturing 2028 to 2045. Equinix priced 2.5 billion euros of senior notes in four tranches due 2028 to 2038 (424B2, accession 0001104659-26-122752). Hewlett Packard Enterprise declared a 0.953125 dollar dividend on its Series C mandatory convertible preferred stock, payable December 1 (8-K, accession 0001645590-26-000087). Lyft reports after today’s close.