Hyperscaler capex

Oracle capex, FY2026 Q3

Oracle reported $18.6B of capex for FY2026 Q3, the quarter covering December 2025 to February 2026. That is +218% on the $5.9B of the same quarter a year earlier (FY2025 Q3). Guidance given that day: about $50B for FY2026.

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

Capex, FY2026 Q3$18.6B
Year on year+218%
Guided, FY2026about $50B
Announced10 Mar 2026

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Verified

Every field, with its source

Source per value
Reported quarter
FY2026 Q3 1
Calendar quarter
2026 Q1 1
Announced
2026-03-10 1
“March 10, 2026”
Capex (USD million)
18,635 1
“(39,170)”
Guidance period
FY2026 1
Guidance point (USD million)
50,000 1
“capital expenditures of $50 billion”
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 Q3 = 39,170 (9-month cumulative) - 20,535 (6-month cumulative) = 18,635 USD million. 2

Sources

  1. Oracle investor relations: Oracle FY2026 Q3 accessed 2026-11-11
  2. Oracle investor relations: Oracle FY2026 Q3 accessed 2026-11-11

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