Oracle Expects $30B Free Cash Flow in Fiscal 2029, Shares Jump More Than 9% at One Point

October 29: According to an official Oracle press release, Oracle unveiled long-term financial targets at its Investor Day in Las Vegas: it expects to achieve positive free cash flow in the second half of fiscal 2028, at least $30 billion in free cash flow in fiscal 2029, and self-funded growth starting in fiscal 2029; for fiscal 2030, it targets total revenue of more than $225 billion, a compound annual growth rate of over 35% from fiscal 2026, a non-GAAP operating margin of over 40%, and non-GAAP earnings per share of over $21. Oracle also said it will limit additional financing to no more than $20 billion through fiscal 2030 ($10 billion in equity and $10 billion in debt, excluding refinancing of existing debt). According to Bloomberg, investors had widely expected Oracle's free cash flow to remain negative in fiscal 2029; after the announcement, Oracle's shares rose as much as 9.60%.