Traders stand on the floor of the New York Stock Exchange on April 10, 2025.
new york stock exchange
oracle Shares rose 12% on Wednesday after the company reported strong third-quarter results and assured analysts that it has no plans to raise additional debt beyond what it has already announced in 2026.
“While investing in AI infrastructure is capital-intensive, our operating model is optimized for profitability,” CEO Clayton Magouik said on Tuesday’s earnings call.
Hyperscalers are skeptical of financing measures to fund data center construction.
The company announced last month that it plans to raise up to $50 billion in bonds and equity in 2026 and has no plans to issue additional bonds.
Magwirk spoke on a conference call with analysts about the company’s AI infrastructure growth plans.
“Since then, we have closed more than $29 billion in contracts with multiple customers using that new model,” Magik said. “The combination of bring-your-own-hardware and customer pre-payments allows us to continue to scale without incurring negative cash flow from Oracle.”
Magouyrk also noted that Oracle delivered 90% of its 400-megawatt data center on or ahead of schedule in the third quarter.
Oracle’s 1-year stock price chart.
