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Oracle Holds FY2027 Capex Forecast at $90–$95 Billion

By Drooid · Sep 15, 2026, 11:05 PM UTC · How we work

Summary

Story summary

CFO Hilary Maxson told staff not to “do more with less” at a town hall.
Oracle cut its workforce by 21,000 employees, a 13% decline for the fiscal year ending May 31, 2026.
Oracle reported $28.5 billion first-quarter capital expenditures, up from $8.5 billion a year earlier.
Oracle kept its FY2027 capital-expenditure forecast at $90 billion-$95 billion, despite carrying tens of billions in debt for data-center and AI expansion.

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Story summary

CFO Hilary Maxson told staff not to “do more with less” at a town hall.
Oracle cut its workforce by 21,000 employees, a 13% decline for the fiscal year ending May 31, 2026.
Oracle reported $28.5 billion first-quarter capital expenditures, up from $8.5 billion a year earlier.
Oracle kept its FY2027 capital-expenditure forecast at $90 billion-$95 billion, despite carrying tens of billions in debt for data-center and AI expansion.