AI Surge Fuels Cloud Boom: Oracle Seeks $50 Billion Capital

Oracle Corporation (ORCL) reported that its third-quarter revenue for fiscal 2026 rose 22% year-over-year to $17.2 billion (approximately KRW 23 trillion). Cloud revenue jumped 44% to $8.9 billion (about KRW 12 trillion), and infrastructure services posted growth north of 80%.

Fueled by large AI-related contracts, remaining performance obligations surged to $553 billion—more than triple last year’s level (around KRW 747 trillion). For fiscal 2026, Oracle issued guidance of $67 billion in revenue and $50 billion in capital expenditures, and it sees fiscal 2027 revenue reaching $90 billion.

To support its AI infrastructure build-out, Oracle has launched a capital‐raising program of up to $50 billion (roughly KRW 67 trillion). It has already secured $30 billion (about KRW 40 trillion) through investment-grade bonds and mandatory convertible preferred shares. The company will pay a regular quarterly dividend of $0.50 per common share on April 24 to shareholders of record as of April 9.

Recently, Oracle unveiled an AI data platform tailored to U.S. federal civilian and defense agencies, integrating Oracle Cloud Infrastructure, its Autonomous AI Database, and enterprise AI services to strengthen its public‐sector cloud offerings. It has also formalized multi-billion-dollar equity and debt issuance plans throughout 2026 to fund AI data center expansion.

Originally known for enterprise databases, middleware and applications, Oracle has evolved into a leading U.S. IT company competing with global big tech by doubling down on cloud and AI infrastructure via Oracle Cloud Infrastructure. In parallel, it has secured large-scale cloud demand through long-term contracts with major AI firms and participation in hyperscale data center projects, and continues to expand investments in data centers and semiconductors worldwide.