Oracle Reports Thursday. Its Capital Budget Is More Than Twice the Cash Its Business Produces.
The software giant plans to pay out about $70 billion in cash this fiscal year. Last year, its business produced $32 billion.
Overview
Oracle (NYSE:ORCL) reports its fiscal first-quarter results on Thursday, Sept. 10, after the market closes. The tech company's shares have rallied into the report, climbing more than 10% over the past week to around $162 as of this writing. Even after that run, the stock would have to more than double to get back to its record high of $345.72.
Most of the attention Thursday will likely go to revenue and the company's artificial intelligence (AI) contracts. But the line I'll be reading first is capital expenditures -- and, right below it, how Oracle is paying for them.
Details
The plan for fiscal 2027 calls for Oracle to spend about $70 billion in cash on capital expenditures. The business produced about $32 billion of cash in all of fiscal 2026.
Source
Originally published at www.fool.com.