SEC EDGAR · Oct 28, 06:24 PM UTC
Oracle targets $225B+ FY30 revenue and $30B+ FY29 free cash flow
“At its Investor Day, Oracle described how its unique portfolio positioning across cloud infrastructure, database and applications is expected to drive total revenue growth of more than 35% CAGR from FY26 through FY30, reaching total revenue of $225 billion or more in FY30.”
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Model assessment
Oracle's October 28, 2026 Investor Day press release (Exhibit 99.1 to the 8-K) sets a materially improved long-term outlook: total revenue of $225 billion+ in FY30, a more than 35% CAGR from FY26, non-GAAP operating margin of 40%+, non-GAAP EPS of $21+, positive free cash flow in the second half of FY28, and a $30 billion+ FY29 free cash flow target, alongside a reaffirmed FY27 outlook of at least $90 billion revenue and $8.10 non-GAAP EPS. The company also committed to limiting additional capital raises to $20 billion through FY30 and to self-funded growth from FY29 with net debt to adjusted EBITDA below 3.5x. These are forward-looking projections, but they constitute a concrete, target-specific positive catalyst for expected fundamentals.
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