Oracle jumps ~12% after investor day: fiscal 2030 revenue above $225B, free cash flow positive in H2 fiscal 2028
What happened
Oracle shares surged about 12% on Wednesday to $146.11, on pace for their largest percentage gain since April 13, after the company laid out an ambitious long-term outlook at its financial analyst/investor day. Management forecast fiscal 2030 revenue of more than $225 billion — above the $217.7 billion analysts surveyed by FactSet expected — with an adjusted operating margin above 40% and adjusted earnings of more than $21 per share, implying roughly 35% annual revenue growth. CFO Hilary Maxson said Oracle expects free cash flow to turn positive in the second half of fiscal 2028 and exceed $30 billion in fiscal 2029, as capital spending declines, and that the company will limit additional capital raises to $20 billion through fiscal 2030 (excluding refinancing). Oracle also reaffirmed its fiscal 2027 forecast of more than $90 billion in revenue and adjusted earnings of $8.10 per share.
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Start your free 14-day trialWho’s affected
- Oracle (ORCL) — direct beneficiary, +12% on the day
- AI infrastructure / cloud peers (Microsoft, Amazon, CoreWeave, AI chip and data-center suppliers) — read-through on whether hyperscaler AI spending can convert to cash flow
- OpenAI-linked financing names — relief that Oracle's funding path looks less stretched; broader software/cloud sector — sentiment lift on AI monetization.