Oracle announces Equity and Debt Financing Plan for Calendar Year 2026

Rhea-AI Summary

Oracle (NYSE: ORCL) announced a $45–$50 billion 2026 financing plan to fund Oracle Cloud Infrastructure capacity expansion. The company will use a balanced mix of debt and equity, including a one-time senior unsecured bond and equity issuances such as mandatory convertible preferred securities and an at-the-market program up to $20 billion.

Goldman Sachs will lead the bond offering; Citigroup will lead the ATM and preferred offerings. The Board approved the plan and Oracle says it intends to maintain an investment-grade balance sheet.

Positive

• $45–$50B funding target for OCI capacity
• Balanced use of debt and equity to preserve ratings
• $20B authorized at-the-market equity program

Negative

• Equity funding could meaningfully dilute shareholders
• Large one-time bond issuance may increase leverage

Key Figures

Planned 2026 funding (low end): $45 billion Planned 2026 funding (high end): $50 billion ATM equity program size: $20 billion +5 more

8 metrics

Planned 2026 funding (low end) $45 billion Expected gross cash proceeds during 2026 calendar year

Planned 2026 funding (high end) $50 billion Expected gross cash proceeds during 2026 calendar year

ATM equity program size $20 billion Newly authorized at-the-market equity program

Equity funding share Approximately half Portion of 2026 funding via equity-linked and common equity

One-time bond issuance Single issuance Investment-grade senior unsecured bonds planned early 2026

Current share price $164.58 Pre-news market price for ORCL

52-week high $345.72 Pre-news 52-week high for ORCL

52-week low $118.86 Pre-news 52-week low for ORCL

Market Reality Check

Price: $164.58 Vol: Volume 23,955,198 is clos...

normal vol

$164.58 Last Close

Volume Volume 23,955,198 is close to the 20-day average of 23,478,216, indicating typical trading activity. normal

Technical Shares at $164.58 are trading below the 200-day moving average of $219.6 and well below the 52-week high of $345.72.

Peers on Argus

ORCL fell 2.62% while several key software peers also traded lower (e.g., PLTR, ...

ORCL fell 2.62% while several key software peers also traded lower (e.g., PLTR, MSFT, FFIV, NTAP), with PANW slightly positive. Moves show partial sector softness but ORCL’s decline appears more company-specific given the large equity and debt financing news.

Historical Context

5 past events · Latest: Jan 29 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 29	AI platform launch	Positive	-2.2%	Launched Oracle Life Sciences AI Data Platform using 129M+ de-identified EHR records.
Jan 29	Cloud win hospitality	Positive	-2.2%	OPERA Cloud approved by IHG as a property management option across key regions.
Jan 27	Healthcare digitization deal	Positive	-4.1%	Alrajhi Medicine adopting Oracle Health EHR and Fusion Cloud to unify operations.
Jan 26	Pharmacovigilance deal	Positive	+3.0%	Voisin Consulting chose Oracle Argus to upgrade global pharmacovigilance operations.
Jan 15	Earnings call notice	Neutral	+0.7%	Globe Life scheduled Q4 2025 results release and conference call details.

Pattern Detected

Recent Oracle announcements about cloud, AI, and new customer wins often coincided with mixed to negative next-day price moves, suggesting investors may discount positive strategic updates or focus on other concerns.

Recent Company History

This announcement fits into a period of frequent Oracle news tied to cloud, AI, and industry partnerships. In late January 2026, Oracle launched its Life Sciences AI Data Platform and secured OPERA Cloud approval at IHG, yet the stock fell about 2% afterward. Other healthcare and pharmacovigilance wins showed mixed price reactions, with one event up nearly 3%. Overall, recent history shows strategic progress in AI and cloud adoption, but investor responses have not consistently rewarded these milestones.

Market Pulse Summary

This announcement outlines Oracle’s intent to raise $45–$50 billion in 2026 through a balanced mix o...

Analysis

This announcement outlines Oracle’s intent to raise $45–$50 billion in 2026 through a balanced mix of equity and debt to expand Oracle Cloud Infrastructure, including a new $20 billion at-the-market equity program and a one-time senior bond issuance. Recent history shows frequent OCI and AI-related wins but mixed share reactions. Investors watching this development may focus on execution of OCI growth, the pace and pricing of equity issuance, and how leverage impacts the company’s investment-grade profile.

Key Terms

at-the-market equity program, Rule 10b5-1 trading plan, Rule 144

3 terms

at-the-market equity program financial

"as well as a newly authorized at-the-market equity program of up to $20 billion."

An at-the-market equity program lets a company sell newly issued shares directly into the open market at the current trading price through a broker, rather than in a single, prearranged block. It provides flexible, on-demand access to cash—like drawing small amounts from a credit line—but increases the number of shares outstanding, which can reduce existing shareholders’ ownership percentage and put downward pressure on the stock price, so investors monitor program size and pacing.

Rule 10b5-1 trading plan regulatory

"The sale was made pursuant to a Rule 10b5-1 trading plan that was adopted on October 9, 2025"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Rule 144 regulatory

"filed a notice of proposed stock sales under Rule 144, covering up to 35,000 shares"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

AI-generated analysis. Not financial advice.

AUSTIN, Texas, Feb. 1, 2026 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced its full calendar year 2026 plan to fund the expansion of its rapidly growing Oracle Cloud Infrastructure business. Oracle is raising money in order to build additional capacity to meet the contracted demand from our largest Oracle Cloud Infrastructure customers, including AMD, Meta, NVIDIA, OpenAI, TikTok, xAI and others.

Oracle expects to raise $45 to $50 billion of gross cash proceeds during the 2026 calendar year.  The company plans to achieve its funding objective by using a balanced combination of debt and equity financing to maintain a solid investment-grade balance sheet.

On the equity side, Oracle plans to raise approximately half of its 2026 funding through a combination of equity-linked and common equity issuances. This is expected to include an initial issuance of mandatory convertible preferred securities, representing a modest portion of the overall equity funding, as well as a newly authorized at-the-market equity program of up to $20 billion. The company plans to issue equity from the at-the-market program flexibly over time at prevailing market prices, based on market conditions and capital needs.

On the debt side, Oracle intends to complete a single, one-time issuance of investment-grade senior unsecured bonds early in 2026 to cover the other half of the company's planned funding for the year. Oracle does not expect to issue additional bonds during calendar year 2026 beyond this transaction.

This funding plan reflects Oracle's commitment to maintaining an investment-grade rating, prudent capital allocation, balance sheet strength, and transparency with investors as the company continues to expand its Oracle Cloud Infrastructure business. These transactions have been approved by the Oracle Board of Directors.

Goldman Sachs & Co. LLC will be leading the senior unsecured bond offering, and Citigroup will be leading the at-the-market issuance and mandatory convertible preferred equity offering.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

"Safe Harbor" Statement: This press release contains forward-looking statements, including statements regarding Oracle's expected funding needs, anticipated credit ratings, capital markets transactions, and financing strategy. Actual results may differ materially from those expressed or implied due to various risks and uncertainties. Among the factors that could cause actual results to differ are:  changes in the timing of any customer's purchases or ability to fund its commitments; delays or development and/or operational problems with the construction of implementation of any of the data centers; and new or different commercial opportunities that cause the Company to reevaluate its near-term capital needs. Oracle undertakes no obligation to update these forward-looking statements, except as required by law.

Oracle Corporation may file a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Oracle Corporation has filed with the SEC for more complete information about Oracle Corporation and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, you may obtain a copy by visiting www.oracle.com/investor, calling our Investor Relations Department at 1-650-506-4073, writing to Investor Relations Department, Oracle Corporation, 500 Oracle Parkway, Redwood City, California 94065 or sending an email to investor_us@oracle.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/oracle-announces-equity-and-debt-financing-plan-for-calendar-year-2026-302675778.html

SOURCE Oracle

FAQ

What financing did Oracle (ORCL) announce on February 1, 2026?

Oracle announced a $45–$50 billion calendar‑year 2026 funding plan. According to the company, the plan uses a balanced mix of debt and equity, including a one-time senior unsecured bond and equity issuances like mandatory convertible preferred securities and an ATM program.

How much equity will Oracle (ORCL) raise via the at-the-market program in 2026?

Oracle authorized an at-the-market program of up to $20 billion for 2026. According to the company, equity will be sold flexibly over time at prevailing market prices based on conditions and capital needs.

What debt transaction is Oracle (ORCL) planning to fund its 2026 needs?

Oracle intends a single, one-time issuance of investment-grade senior unsecured bonds early in 2026. According to the company, no additional bond issuances are expected during calendar year 2026 beyond this transaction.

Will Oracle (ORCL) issue mandatory convertible preferred securities in 2026?

Yes, Oracle plans an initial issuance of mandatory convertible preferred securities as part of equity funding. According to the company, this represents a modest portion of the overall equity funding mix for 2026.

Why is Oracle (ORCL) raising $45–$50 billion in 2026?

Oracle is raising capital to build additional Oracle Cloud Infrastructure capacity to meet contracted demand. According to the company, funding is needed to serve major customers and support OCI expansion while maintaining investment-grade strength.