Oracle Corporation (NYSE:ORCL) said late Sunday that it plans to raise substantial new funding in 2026 to support the continued buildout of its artificial intelligence and cloud infrastructure, as demand for computing capacity continues to surge.
The company expects to generate between $45 billion and $50 billion in gross proceeds next year through a combination of equity- and debt-based financing.
Around half of the funding is set to come from equity-linked instruments and common stock, Oracle said in a statement.
The debt component will consist of a single, one-off issuance of investment-grade senior unsecured bonds, planned for early 2026. Oracle added that it does not anticipate raising any further debt beyond this offering.
Oracle has been accelerating investment in its cloud platform amid strong demand from AI-focused customers, including a major partnership with OpenAI. In September, the company announced a landmark five-year contract with OpenAI valued at $300 billion.
The group has also been involved in efforts surrounding TikTok’s U.S. operations, emerging as one of the American buyers and providing data centre services to the social media platform.
However, Oracle’s aggressive spending strategy has unsettled some investors. The company is facing a class-action lawsuit from a group of bondholders who allege it failed to adequately disclose its need for additional debt financing.
Oracle’s shares declined sharply during the fourth quarter of 2025 as concerns mounted over the rising cost of its AI investments. At the same time, investors were reported to be increasing their exposure to credit-default swaps tied to Oracle, instruments used to hedge against the risk of a potential default.