Oracle Plans $50 Billion Financing for 2026 Cloud Infrastructure Expansion

Oracle Corporation announced plans to raise between $45 and $50 billion in 2026 to fund the expansion of its Oracle Cloud Infrastructure business, according to a press release. The company said the financing will support additional capacity to meet contracted demand from major clients including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI.

Oracle expects to split the funding evenly between debt and equity. On the equity side, the company will issue a mix of equity-linked and common shares, including mandatory convertible preferred securities and a newly authorized at-the-market equity program of up to $20 billion. These issuances will occur flexibly over time based on market conditions.

For debt financing, Oracle plans a single issuance of investment-grade senior unsecured bonds early in 2026, led by Goldman Sachs & Co. LLC. The company said it does not expect to issue additional bonds beyond this transaction within the year. Citigroup will lead the equity offerings.

The plan has been approved by Oracle’s board of directors and is designed to maintain an investment-grade balance sheet while supporting the continued growth of its cloud infrastructure operations.