Oracle (ORCL) plans to raise about $40 billion in fiscal 2027 via debt and equity, including an up to $20 billion at-the-market program, while management aims to keep investment-grade credit. Oracle was named a direct supplier in a multiyear compute agreement with OpenAI, providing large-scale AI compute capacity as a vendor in OpenAI’s infrastructure arrangements. Analyst notes indicate Oracle is strong in AI infrastructure, with capex expected to peak in FY2027–28, likely fall in FY2029, and possible free cash flow improvement starting FY2029. Oracle cut full-time staff to 141,000 as of May 31, 2026, down 13% year-over-year, and recorded $1.84 billion in severance and exit costs versus $374 million in fiscal 2025. Oracle will host Quantinuum's Helios quantum processor in a U.S. Oracle Cloud Infrastructure AI data center, giving OCI customers managed access integrated with GPU and HPC services.