Oracle revises FY 2027 revenue expectations to at least $90B

Oracle just told Wall Street it expects to pull in at least $90 billion in revenue for fiscal year 2027. That figure lands well above the roughly $86.6 billion analysts had been penciling in, and it represents approximately 34% growth over the company’s fiscal year 2026 revenue of $67.4 billion.

The numbers behind Oracle’s AI-fueled optimism

Oracle first announced the upward revision on March 10, 2026, pinning the growth to surging demand for its cloud infrastructure services, especially workloads related to AI training and inference. The company then reaffirmed the $90 billion target during its fiscal Q4 earnings report in June 2026, adding a raised non-GAAP earnings per share guidance of $8.05 for good measure.

In Q3 of fiscal year 2026, Oracle’s remaining performance obligations hit $553 billion, a 325% increase year-over-year. By the end of Q4, it climbed further to a record $638 billion.

Revenue from cloud infrastructure services specifically reached $18.1 billion in fiscal year 2026, growing at a 77% clip. Total revenue for the fiscal year came in at $67.4 billion, up 17% from the prior year.

The bill for building an AI empire

Oracle’s capital expenditure guidance for fiscal year 2027 sits at $90 to $95 billion. After accounting for various offsets, Oracle estimates a net cash outlay of around $70 billion. To fund that spending, the company plans to raise approximately $40 billion through debt or equity financing.

The raised EPS guidance to $8.05 suggests Oracle believes profitability will improve alongside the topline, but that thesis will face its real test as the capex ramps through fiscal year 2027.