Oracle’s AI spending exceeds estimates, raises debt concerns that ripple into crypto markets

The database giant's ballooning capital expenditures and mounting liabilities are triggering broader risk-off sentiment across tech and digital assets.

by Editorial Team

Thu 11 Jun 2026 · 05:50 EDT 2 min read

In Technology

Oracle Corporation (ORCL) price

Full chart and stats

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Last close: $145
Close-to-close change: +11%
Market cap: $437.1B (shares as of 2026-09-07)
P/E (trailing): 22.7 (EPS to 2026-08-31)
Annual revenue: $67.4B USD (FY ended 2026-05-31) 10-K
Annual revenue growth: +17.3% (FY ended 2026-05-31 vs FY ended 2025-05-31) 10-K
Annual net income: 17,087,000,000 USD (FY ended 2026-05-31, attributable to the company) 10-K
Annual operating margin: 30.6% (FY ended 2026-05-31)
Forward P/E: Unavailable: no dated forecast source

Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

Oracle Corporation and its peers

Company	Price	Market cap	P/E (trailing)	Forward P/E	Annual revenue (USD)	Annual revenue growth	Annual net income (USD)	Operating margin
Oracle Corporation ORCL · Price dated Oct 28, 2026 · tokenized ORCLx	$145	$437.1B	22.7	Unavailable	$67.4BFY ended 2026-05-31 · 10-K	+17.3%FY ended 2026-05-31 vs 2025-05-31 · 10-K	17,087,000,000FY ended 2026-05-31, attributable to the company · 10-K	30.6%FY ended 2026-05-31
Palantir Technologies Inc. PLTR · Price dated Oct 28, 2026 · tokenized PLTRx	$197	$472.9B	168.2	Unavailable	$4.5BFY ended 2025-12-31 · 10-K	+56.2%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,625,033,000FY ended 2025-12-31, attributable to the company · 10-K	31.6%FY ended 2025-12-31
CrowdStrike Holdings Inc. CRWD · Price dated Oct 28, 2026 · tokenized CRWDx	$267	$273.0B	Not meaningfulLoss, diluted EPS −0.45 to 2026-07-31 · SEC filing	Unavailable	$4.8BFY ended 2026-01-31 · 10-K	+21.7%FY ended 2026-01-31 vs 2025-01-31 · 10-K	−162,502,000FY ended 2026-01-31, attributable to the company · 10-K	−6.1%FY ended 2026-01-31
Shopify Inc. SHOP · Price dated Oct 28, 2026	$168	Unavailable	113.7	Unavailable	$11.6BFY ended 2025-12-31 · 10-K	+30.1%FY ended 2025-12-31 vs 2024-12-31 · 10-K	1,231,000,000FY ended 2025-12-31, attributable to the company · 10-K	12.7%FY ended 2025-12-31

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 3:36 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Oracle raised its fiscal 2026 capital expenditure guidance by $15 billion, pushing the total forecast from $35 billion to $50 billion. Actual spending may land even higher, in the range of $55.7 billion to $56 billion. Oracle’s stock tumbled 12-13% in a single trading session after earnings, dragging other tech names down with it.

The OpenAI factor and the debt mountain

A massive $300 billion computing deal with OpenAI is the primary engine behind Oracle’s infrastructure binge. By late 2025, Oracle’s long-term debt had ballooned to roughly $99.6 billion to $108 billion. Total liabilities reportedly exceeded $160 billion.

As of June 2026, Oracle indicated plans to raise approximately $40 billion through a combination of debt and equity in fiscal 2027 to keep funding its AI capital expenditures. Oracle’s free cash flow has suffered significant shortfalls as spending outstripped original estimates.

Credit markets are flashing yellow

Credit default swap spreads have widened as investors price in a higher probability that Oracle’s debt load could become problematic. The $300 billion OpenAI contract has also created ripples in loan syndication markets, where banks distribute large loans among multiple lenders to spread risk.

Why crypto traders should care

Oracle’s earnings-driven selloff has already contributed to broader risk-off moves that touched Bitcoin’s price, as heightened credit risk perceptions spilled over into digital assets. Oracle is racing against Amazon Web Services, Microsoft Azure, and Google Cloud for AI workload market share.

For traders watching the macro picture, Oracle’s credit default swap spreads are worth monitoring as a leading indicator. The next few quarters of Oracle earnings have become a sentiment barometer for anyone with exposure to growth assets.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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