Oracle
promises on the ledger
- pending Oracle (financial analyst meeting; co-CEO Clay Magouyrk), 2025-10-16: OCI revenue reaches $166 billion in the fiscal year ending May 2030, from roughly $10 billion in fiscal 2025. (by 2030-05-31) · source ↗
in the feed
- Why OpenAI’s $1.2 Trillion Valuation Can Lift Oracle, CoreWeave From AI Gloom · ai bubble & money · Barron's
- Oracle Adds $700 Million to the Cost of its AI Transformation · ai bubble & money · Yahoo Finance
- Oracle Has a Massive Opportunity Hiding in Plain Sight · ai bubble & money · Yahoo Finance
- What Could Oracle (ORCL) Gain From Its New AI Grid Outage Tool? · ai incidents & outages · simplywall.st
- Oracle says AI will save it from the SaaSpocalypse, not bring it on · ai news · The Register
- What caused the hallucinations of the Oracle of Delphi? · ai fails & slop · Hacker News
$47B committed out across 3 live deal(s) · $370B received across 3. Face value, as announced; undisclosed amounts count as deals and add nothing.
Fiscal 2026 (to 2026-05-31): remaining performance obligations $638B, free cash flow -$23.7B. Plans $45-50B of financing in calendar 2026. S&P cut its rating to BBB- on 2026-07-09, citing OpenAI concentration (about half of the backlog).
Oracle in focus. Click a company for its page, a curve for the deal.
Counterparties
| Counterparty | Oracle pays / invests | Oracle receives | Deals | |
|---|---|---|---|---|
| OpenAI | — | $300B | 1 | |
| Bond, loan & private-credit markets | — | $50B | 1 | |
| NVIDIA | $40B | — | 1 | |
| Meta Platforms | — | $20B | 1 | |
| Stargate JV (OpenAI, SoftBank, Oracle, MGX) | $7B | — | 1 | |
| Crusoe | — | — | 1 |
Announced per month
Click a month to list the deals.
Oracle pays or invests
| Deal | Amount ▾ | Type | Announced | Source |
|---|---|---|---|---|
| Oracle → Nvidia | $40B Reported (FT): ~400,000 GB200 chips for the 1.2 GW Abilene Stargate site leased to OpenAI for 15 years. | Chip supply deal | 2025-05-23 reported, not confirmed by the parties | DCD, citing Financial Times single-source figure #e3d930 |
| Oracle → Stargate JV | $7B Reported (The Information). | Equity investment | 2025-01-21 reported, not confirmed by the parties | DCD, citing The Information single-source figure #579489 |
| Oracle → Crusoe | undisclosed Oracle is the tenant of Crusoe's 1.2 GW Abilene campus, sub-leased to OpenAI; lease value undisclosed. A planned ~600 MW expansion was dropped in March 2026 after financing talks stalled; Meta was reported in talks for the space. | Compute / cloud contract | 2025-05-21 partly funded | Crusoe newsroom · second source single-source figure #124a71 |
Oracle receives
| Deal | Amount ▾ | Type | Announced | Source |
|---|---|---|---|---|
| OpenAI → Oracle | $300B Reported by the WSJ (five years from 2027, about 4.5 GW); neither company has confirmed the figure. S&P says OpenAI is about half of Oracle's $638B backlog. A planned ~600 MW expansion of the Abilene site was dropped in March 2026. | Compute / cloud contract | 2025-09-10 reported, not confirmed by the parties | DCD, citing WSJ · second source single-source figure #bf5a91 |
| Bond & loan markets → Oracle | $50B Plan: $45-50B of gross proceeds in calendar 2026 - about half a one-time investment-grade bond issue, half equity and equity-linked (mandatory convertible preferred plus an at-the-market programme of up to $20B). Fiscal 2026 free cash flow was -$23.7B; S&P cut Oracle to BBB- in July 2026. | Debt, guarantee or project finance | 2026-02-01 partly funded | Oracle press release · second source #685e01 |
| Meta → Oracle | $20B Reported (~$20B, multiyear) by Bloomberg 2025-09-19; Oracle confirmed a Meta cloud deal on 2025-10-16 without disclosing value. Oracle's Feb 2026 financing release lists Meta among contracted customers. | Compute / cloud contract | 2025-09-19 reported, not confirmed by the parties | Bloomberg · second source single-source figure #b414eb |
Every amount links to its source; a "reported" status means the parties never confirmed it; cancelled deals stay listed. All deals · how this site works.