Hyperscaler capex

Oracle capex, FY2026 Q2

Oracle reported $12B of capex for FY2026 Q2, the quarter covering September to November 2025. That is +203% on the $4B of the same quarter a year earlier (FY2025 Q2).

Oracle sells cloud infrastructure, database software and enterprise applications to businesses. Its capital expenditures support its company-wide infrastructure buildout.

Capex, FY2026 Q2$12B
Year on year+203%
Announced10 Dec 2025

Open the source Compare this quarter

Verified

Every field, with its source

Source per value
Reported quarter
FY2026 Q2 1
Calendar quarter
2025 Q4 1
Announced
2025-12-10 1
“December 10, 2025”
Capex (USD million)
12,033 1
“(20,535)”
Capex definition
Gross company-wide capital expenditures in the GAAP statement of cash flows, before supplemental financing and customer-prepayment offsets. Later fiscal quarters derived from cumulative amounts. 1
Calculation
FY2026 Q2 = 20,535 (6-month cumulative) - 8,502 (3-month cumulative) = 12,033 USD million. 2

Sources

  1. Oracle investor relations: Oracle FY2026 Q2 accessed 2026-11-11
  2. Oracle investor relations: Oracle FY2026 Q2 accessed 2026-11-11

More from Oracle and its peers