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Oracle Targets $225B FY2030 Revenue, Free Cash Flow $30B

By Drooid · Oct 28, 2026 · How we work

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Summary

Oracle set FY2030 revenue target of at least $225 billion, implying over 35% annual growth.
Oracle projected FY2030 non-GAAP margin above 40% and earnings per share over $21.
CFO Hilary Maxson said free cash flow will turn positive in H2 FY28 and reach $30 billion in FY29.
Oracle limited additional fundraising to $20 billion through FY2030, split evenly between equity and debt.
Shares jumped about 12% to $144-$144.34 after the Investor Day outlook.

Summary

S&P Global warned hyperscalers hide data-center leases and chip commitments off balance sheets.
Credit markets stay uneasy about a surge of AI-related debt despite easing volatility.
Meta Platforms’ $95 billion stock offering helped pull down its credit-default swap spreads.
OpenAI plans to buy Google’s AI chips, showing rising demand for specialized hardware.
Oil prices rose over 1% after a Saudi refinery attack, pressuring global markets.

History

The September 2008 bankruptcy of Lehman Brothers sparked a global credit freeze that forced the Federal Reserve to mobilize a $700 billion liquidity program and drove U.S. corporate bond issuance down sharply. Today, Oracle’s FY2030 $225 billion revenue goal and S&P Global’s AI-debt alerts revive similar financing pressures, prompting investors to scrutinize equity-debt balances in tech firms like Meta and OpenAI.

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The September 2008 bankruptcy of Lehman Brothers sparked a global credit freeze that forced the Federal Reserve to mobilize a $700 billion liquidity program and drove U.S. corporate bond issuance down sharply. Today, Oracle’s FY2030 $225 billion revenue goal and S&P Global’s AI-debt alerts revive similar financing pressures, prompting investors to scrutinize equity-debt balances in tech firms like Meta and OpenAI.

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