Oracle Shares Jump 11% After Investor Day Targets $30 Billion Free Cash Flow by Fiscal 2029

Oracle Corp. (ORCL) shares closed 10.73% higher at $144.54 on Wednesday after the company reaffirmed its fiscal 2027 outlook and projected positive free cash flow of at least $30 billion in fiscal 2029 at its Investor Day 2026. Oracle reiterated fiscal 2027 guidance for total revenue of at least $90 billion and adjusted earnings per share of $8.10. Capital expenditures are expected to peak in fiscal 2027 and 2028 before stepping down in fiscal 2029. The company forecast total revenue growth of more than 35% CAGR from fiscal 2026 to fiscal 2030, reaching $225 billion or more, with adjusted operating margin above 40% and adjusted EPS of $21 or more by 2030. Oracle plans to limit additional capital markets funding for its fiscal 2027-2030 investment cycle to $20 billion, split evenly between equity and gross debt, excluding refinancing. Growth is expected to be self-funded beginning in fiscal 2029, with net debt to adjusted EBITDA below 3.5 times.