Oracle Investor Day 2026: Accelerating Value Creation

$ORCLPress releaseOct 28, 2026, 2:22 PM ETRead the release

Oracle laid out long-term FY30 targets at its Investor Day: $225 billion+ in total revenue (>35% CAGR from FY26), 40%+ non-GAAP operating margin, and non-GAAP EPS of $21+. The company committed to positive free cash flow in the second half of FY28 and a $30B+ FCF target for FY29, after capex steps down from a peak in FY27-FY28. Growth is expected to be self-funded beginning FY29, with net debt to adjusted EBITDA below 3.5x.

Key figures

Guidance: FY30 total revenue $225B+ (>35% CAGR from FY26), non-GAAP operating margin 40%+, non-GAAP EPS $21+; positive FCF in 2H FY28, FCF $30B+ in FY29; FY27 reaffirmed at revenue $90B+ and non-GAAP EPS $8.10; additional FY27-FY30 capital raises capped at $20B ($10B equity, $10B debt)
Fcf target fy29: $30 billion+
Fy30 non gaap eps: $21+
Fy30 revenue cagr: more than 35% from FY26
Fy30 revenue target: $225 billion+
Prior atm equity raise: $20 billion
Net debt to adjusted ebitda: below 3.5x in FY29
Additional capital raise cap: $20 billion
Fy30 non gaap operating margin: 40%+

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