Oracle Corp (NYSE:ORCL, XETRA:ORC) announced plans to raise $45 billion to $50 billion in 2026 to finance the expansion of its Oracle Cloud Infrastructure business.
The company said the fundraising is intended to support additional capacity to meet contracted demand from major customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI.
Oracle intends to achieve its funding target through a combination of debt and equity. Approximately half of the proceeds are expected to come from equity, including a newly authorized at-the-market program of up to $20 billion and an initial issuance of mandatory convertible preferred securities.
The remaining half will come from a single issuance of investment-grade senior unsecured bonds planned for early 2026. The company does not anticipate additional bond sales during the year.
The company said the funding approach reflects its commitment to maintaining an investment-grade balance sheet, prudent capital allocation, and transparency with investors as it expands its cloud business.
Goldman Sachs will lead the senior unsecured bond offering, while Citigroup will manage the at-the-market equity program and the preferred equity issuance.
Shares of Oracle traded up 2% at about $168 on the news.