Oracle stock traded at $142.95 in premarket dealing on October 29, 2026, down 1.10%, after closing the previous session at $144.54, up 10.73%. The rally followed the company’s investor day, where it outlined long-term revenue, cash-flow and financing targets.

Key Takeaways

  • Wednesday’s trading volume reached 79.1 million shares, about 161% above the three-month average.
  • Oracle targets at least $225 billion in fiscal 2030 revenue and positive free cash flow in the second half of fiscal 2028.
  • Its $20 billion limit on additional capital-market raises excludes refinancing and follows a completed $20 billion equity raise.

Oracle stock retreats before Thursday’s open

The premarket decline gave back part of Wednesday’s gain, though premarket prices can change before regular trading begins. The shares remained down 48.93% over the preceding 12 months, even after Wednesday’s advance.

The share move followed Oracle’s presentation of its investment and financing plans. The timing alone does not establish which part of the announcement drove trading.

Revenue and cash-flow targets

In its investor day plan, Oracle forecast fiscal 2030 revenue of at least $225 billion, a non-GAAP operating margin of at least 40% and non-GAAP earnings of at least $21 per share. The company said the revenue target implies annual compound growth of more than 35% from fiscal 2026.

Oracle expects free cash flow to turn positive during the second half of fiscal 2028 and reach at least $30 billion in fiscal 2029. It expects capital spending to peak across fiscal 2027 and 2028 before declining in fiscal 2029. These are company expectations, not completed results.

For fiscal 2027, Oracle reaffirmed guidance for revenue of at least $90 billion and non-GAAP earnings of $8.10 per share.

What the financing limit covers

Oracle plans to limit additional capital-market funding for its fiscal 2027–2030 investment cycle to $20 billion, currently expected to be split equally between equity and gross debt. The limit excludes refinancing existing debt and is in addition to the $20 billion at-the-market equity raise completed in the first quarter of fiscal 2027.

The company also expects vendor financing, customer-provided hardware and customer prepayments to reduce its upfront cash needs. Oracle expects growth to become self-funded in fiscal 2029.

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