Oracle raises long-term targets, sees fiscal 2029 free cash flow above $30B
10/29/2026 — 10/29, 08:21·2 sources (all)·2 reports (all)
Key takeaways
- At its investor day, Oracle CFO Hilary Maxson said the company expects free cash flow to turn positive in the second half of fiscal 2028 and…
- shares rose as much as 13%.
Latest turnOracle used its investor day to issue mid-term guidance, saying free cash flow should turn positive in the second half of fiscal 2028 and reach at least $30 billion in fiscal 2029, well ahead of what the market had expected. The company also said it will add 7 GW of data center capacity in the coming years, topping 10 GW by the end of fiscal 2028, and its shares closed up 10.73%.
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Oracle used its investor day to issue mid-term guidance, saying free cash flow should turn positive in the second half of fiscal 2028 and reach at least $30 billion in fiscal 2029, well ahead of what the market had expected. The company also said it will add 7 GW of data center capacity in the coming years, topping 10 GW by the end of fiscal 2028, and its shares closed up 10.73%.
东方财富AI score 54At its investor day, Oracle said free cash flow will turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029, with capex falling that year. The company capped additional financing at $20 billion through fiscal 2030, and the stock jumped as much as 13%.
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