Oracle Corporation said on Sunday evening that it plans to raise substantial capital in 2026 to accelerate the buildout of its cloud and AI infrastructure. The company expects the fundraising to generate between $45 billion and $50 billion of gross cash proceeds, which it intends to deploy toward expanding computing capacity for artificial intelligence workloads and cloud services.
According to the statement, roughly half of the planned proceeds will be raised through a mix of equity derivatives and common equity. The remaining portion will be financed with debt via a single, one-time issuance of investment-grade senior unsecured bonds planned for early 2026. Oracle said it does not expect to issue any additional debt after completing that bond offering.
The capital plan comes as Oracle scales its cloud computing capabilities in response to elevated demand from AI-focused customers. The company highlighted its major partnership with OpenAI, noting a previously announced five-year agreement valued at $300 billion. Oracle has also been connected to U.S. operations of the social media app TikTok, in which it was among American buyers and which it has been seen supporting with data center operations.
Investor reaction to Oracle's spending trajectory has been mixed. The company faces a class action filed by some bondholders who allege inadequate disclosure regarding the need for additional debt financing. Market signals have reflected concern: Oracle's shares fell sharply through the fourth quarter of 2025 as questions mounted about its rising AI-related costs, and investors increased positions in credit-default swaps tied to the company.
Oracle's financing announcement lays out a clear funding mix and timetable but also underscores tensions between aggressive capacity expansion for AI workloads and investor appetite for additional leverage. The company has committed to a single debt issuance to cover part of the plan, while relying heavily on equity-related instruments for the rest.
Contextual note: The details above are based on Oracle's statement about its expected 2026 fundraising and on reporting of investor and market reactions tied to the company's AI investments and related agreements.