Oracle’s AI infrastructure expansion is being financed through several channels: company debt and equity, customer-supplied hardware, and multibillion-dollar project loans tied to new data centers. That funding mix is helping Oracle pursue record cloud demand, while enterprise customers evaluating future capacity still need clarity on construction schedules, utility approvals, and contract terms.
The company ended fiscal 2026 with $638 billion in remaining performance obligations, or contracted revenue expected to be recognized later. Oracle also reported negative $23.7 billion in free cash flow after heavy cloud infrastructure investment and…
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