Oracle Corporation announced plans to raise $45–$50 billion in gross proceeds during calendar year 2026 to fund the expansion of its rapidly growing Oracle Cloud Infrastructure business, as it builds capacity to meet rising demand from major customers including AMD, Meta, NVIDIA, OpenAI, TikTok, and xAI.

Oracle said it will use a balanced mix of equity and debt financing to maintain an investment-grade balance sheet. Roughly half of the funding will come from equity, including mandatory convertible preferred securities and a newly authorized at-the-market equity program of up to $20 billion, while the remaining portion will be financed through a single issuance of investment-grade senior unsecured bonds early in 2026.