Oracle this week announced plans to increase its cloud capital expenditure budget to nearly $50 billion over the next several years, a nearly 70% rise from the prior cycle. The company said it will deploy these funds primarily to build out GPU-accelerated data centers and AI-optimized infrastructure, targeting a step-up in revenue growth beginning in fiscal 2027. Oracle CFO Safra Catz noted that the expanded CapEx will support the firm’s strategy to close the gap on hyperscale competitors and enable new pricing tiers for AI compute, with expected payback periods of 24–36 months per data center region.

In its fiscal Q2, Oracle posted revenue of $16.06 billion, up 14.2% year-over-year, and non-GAAP earnings per share of $2.26, beating consensus estimates by $0.62. The company’s cloud infrastructure revenue accelerated 30%, driven by new GPU instances and enterprise applications bookings. Net margin expanded to 25.3%, as the firm leveraged higher-margin subscription sales and improved operating leverage. Management reaffirmed a full-year non-GAAP EPS outlook of $5.00, up from $4.60 a year ago, and projected cloud growth to exceed 25% in fiscal 2026.

According to the latest SEC filings, Vanguard Group increased its Oracle stake by 2.1% in Q2 to 164.3 million shares, while State Street added 1.7% to reach 73.5 million shares. Norges Bank initiated a new position valued at $4.3 billion. In contrast, Belpointe Asset Management trimmed its holding by 18.2%, selling 5,327 shares. Insider selling has totaled 62,223 shares in the past 90 days, including disposals by CFO Mark Hura and CEO Clayton Magouyrk that reduced their positions by 6.0% and 6.5%, respectively. Institutional and insider moves now account for 83% of total shares outstanding.