$ORCL · ORACLE CORP
Oracle held its 2026 Investor Day on October 28, 2026, issuing long-term financial targets including FY30 total revenue of $225B+ (>35% CAGR from FY26), non-GAAP operating margin of 40%+, and non-GAAP EPS of $21+. The company set a timeline for positive free cash flow in H2 FY28 with a FY29 FCF target of $30B+, and committed to capping additional capital raises at $20B through FY30. FY27 guidance was reaffirmed at $90B+ revenue and $8.10 non-GAAP EPS.
- FY30 total revenue target of $225B+, representing >35% CAGR from FY26.
- Non-GAAP operating margin target of 40%+ and non-GAAP EPS of $21+ by FY30.
- Positive free cash flow expected in H2 FY28; FY29 FCF target of $30B+.
- Additional capital raises capped at $20B through FY30: $10B equity, $10B gross debt.
- FY27 outlook reaffirmed: revenue of at least $90B and non-GAAP EPS of $8.10.
ORCL up 9.17% to $142.50 in the regular session, adding roughly $36B in market cap as investors react to the long-term growth roadmap and FCF inflection timeline.
Oracle laid out its most ambitious long-term growth plan ever, targeting a 35%+ CAGR to $225B in revenue with a clear path to self-funding and massive FCF generation by FY29.
Oracle's $225B FY30 revenue target signals an aggressive push to close the gap with hyperscale cloud leaders AWS, Azure, and GCP, betting that its integrated database-to-apps stack and AI infrastructure can drive a 35%+ CAGR.
Execution risk around peak capex in FY27-FY28 before FCF turns positive; $20B in additional capital raises ($10B equity) through FY30 adds dilution risk. AI product performance, datacenter capacity, and GPU sourcing remain key operational uncertainties per the safe harbor.