Oracle plans to raise $45B-$50B to expand Oracle Cloud Infrastructure capacity

By Global Infrastructure Sherpa · Jan 1, 2026

Financing Data Center announced United States Jan 1, 2026

USD45M

Deal Value

Oracle Cloud Infrastructure

Project

Oracle plans to raise between $45 billion and $50 billion in calendar year 2026 through a combination of equity and debt financing to support the expansion of its Oracle Cloud Infrastructure (OCI) business. The financing is intended to fund infrastructure capacity required to meet contracted cloud demand from large enterprise and technology customers.

Deal Analysis

Oracle's planned financing of $45 billion to $50 billion in 2026 signifies a major commitment to expanding its Oracle Cloud Infrastructure (OCI) business. The capital raise, through a combination of equity and debt, is specifically earmarked for increasing infrastructure capacity to meet contracted cloud demand from large enterprise and technology clients. This move underscores Oracle's ambition to capture a larger share of the cloud computing market and directly compete with established players. The involvement of Goldman Sachs and Citigroup as lead managers further validates the scale and importance of this undertaking. This deal is notable for its sheer size, reflecting the substantial investment required to build and maintain competitive cloud infrastructure. Oracle's proactive approach to securing funding well in advance of deployment suggests a strategic focus on long-term growth and market leadership in the cloud sector. The deal's success will likely depend on Oracle's ability to effectively deploy the capital and attract and retain large enterprise clients to its OCI platform.

Sizeable financing of $45B-$50B for cloud infrastructure expansion.
Focus on meeting contracted demand from large enterprise clients.
Involvement of Goldman Sachs and Citigroup as lead managers.
Strategic move to compete with established cloud providers.

Market Context: The data center sector is experiencing rapid growth driven by increasing demand for cloud computing services. Competition is intense, with major players investing heavily in infrastructure to capture market share.

Source Intelligence

KEY DETAILS

The financing combines equity issuance and a one-time investment-grade bond offering. Oracle said the capital will support contracted cloud demand while maintaining balance sheet discipline. The remainder will be raised through a one-time issuance of senior unsecured investment-grade bonds. The company said it does not expect to issue additional debt bonds during calendar year 2026. The equity program will allow it to issue shares incrementally based on market conditions, while the bond issuance is expected to occur early in 2026.

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Deal Size

Oracle plans to raise $45B–$50B in 2026 to expand Oracle Cloud Infrastructure capacity.

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Financials

Oracle said roughly half of the targeted funding will come from equity issuance, including mandatory convertible preferred securities and an at-the-market equity program of up to $20 billion.

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Expected Close

Oracle plans to raise $45B–$50B in 2026 to expand Oracle Cloud Infrastructure capacity.

PARTIES MENTIONED IN SOURCE

AMD customer

"large enterprise and technology customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI"

Meta customer

"large enterprise and technology customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI"

NVIDIA customer

"large enterprise and technology customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI"

OpenAI customer

"large enterprise and technology customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI"